lic policy term plan,life insurance term plan lic,term insurance plans,lic mediclaim,term plans in lic,term plan lic,lic term plan,term life insurance companies,best insurance plan,best life insurance policy india,best life insurance policy in india,which life insurance policy is best in india,which is the best life insurance policy in india,which is best life insurance policy in india,what is the best life insurance policy in india,what is term insurance policy of lic,term insurance policy of lic,quote term life,term life quote,term insurance india,lic term policies,lic term life insurance,term life insurance lic,best insurance policy,best lic policy plan,investment plans in lic,life insurance and term,lic saving plans,term policy of lic,term policy in lic,term policy lic,lic term policy,which life insurance is best in india,best life insurance india,term policy india,best life insurance in india,life insurance india gen,life ins companies,liclifeinsurance,best lic insurance policy in india,lic saving plan,insurance policies india,lic india best policies,new lic policy plans,lic savings plan,best lic insurance plan,best lic policy for investment,best insurance plan of lic,best insurance plan in lic,lic policies plans,life insurance policy companies,best lic policy plans,what is a good life insurance plan,good lic plans,new lic policy scheme,low cost life insurance,best policy in lic of india,best lic policy in india,best lic policy india,best policy of lic of india,best lic insurance policy,best insurance policy of lic,best policy in lic insurance,best insurance policy in lic,lic best insurance policy,lic new insurance plan,lic life insurance policy plans,what is the best lic policy,lic policy best,best lic policy,best lic life insurance policy,best life insurance policy in lic,best life insurance policy of lic,life insurance of india policies,life insurance policies in india,top 3 life insurance companies,lic life insurance plans india,life insurance policy plans,best lic policy scheme,lic policy plans,investment in lic policy,investment insurance plans,lic of india plans,insurance policy plans,good life insurance policy,best lic plans,medical policy lic,lic life insurence,hdfcstandard life insurance,life insurances policies,lic of india insurance policies,lic policies india,lic india policies,life insurances in india,scheme of lic,best lic policy for men,life insurance scheme,Delhi, Paschim Vihar Delhi, LIC Jeevan Mitra

1. LIC's Jeevan Mitra (Table Nos. 88 & 133)LIC's Jeevan Mitra (Table Nos. 88 & 133)
‘Double/Triple Benefit’
Endowment plans provide
a new dimension to the
concept of insurance security
High Risk Cover
for a very Low cost
Intro features
benefits illustrations

2. Attractions
• Jeevan Mitra helps to make provision
for the family of the life Assured in
the event of his early death, but also
assures a lump sum at a desired age.
• For a small extra cost it provides a
risk cover of 2 or 3 times the basic
Sum Assured.
• Higher bonus as compared to
endowment plans.Intro features
benefits illustrations

3. Attractions
• In the case of Accidents, the
risk cover goes up to 3 & 4
times.
• It provides high risk cover for
a comparatively lower cost.
Intro features
benefits illustrations

4. • Who can avail this plan?
Individuals age between 18 years (last
birthday and 50 years (nearer birthday)
• For how long is premium payable?
Throughout the term of the policy or
early death.
• What is the minimum and maximum sum
assured available under the plan ?
Minimum Sum Assured : Rs. 50,000/-
Maximum Sum Assured : No limit
Intro features
benefits illustrations

5. What are the permissible premium payment modes?
Premiums can be paid in Quarterly, Half-
Yearly, Quarterly and Monthly or through
salary deduction.
Is this plan available to ladies?
Yes.
Intro features
benefits illustrations

6. Intro features
benefits illustrations
(A) Minimum entry age : 18 yrs (completed)
(B) Maximum entry age : 50 yrs (nearer birthday)
(C) Maximum maturity age : 60 years
(D) Minimum Sum Assured for the Critical illness Rider : 50,000/=
(E) Minimum Sum Assured of the Main plan on which the Critical
illness Rider can be given: Rs.50,000
(F) Maximum Sum Assured : An amount equal to the Basic Sum for
the Critical Illness Rider Assured, subject to a maximum of
Rs.5,00,000.
(G) Term : 10 to 35 years under regular premium
5 to 35 years under Single premium
and 15, 20 & 25 years under limited premium paying term
policies.
This rider is allowed only if the maturity age under main policy is
not greater than 60 years.
The policy term and premium paying term of the rider should
match with the policy term and premium paying term under the
main policy.
Critical Illness Rider :Critical Illness Rider :
EligibilityEligibility

7. Intro features
benefits illustrations
Critical Illness Rider :Critical Illness Rider :
BenefitsBenefits
Critical Illness Sum Assured is payable on life assured
surviving for a period of 28 days from date of
occurrence of any of the following critical illnesses-
Heart Attack (Myocardial Infarction)
Stroke (Cerebro-vascular Accident)
Cancer
Kidney Failure
Major Organ transplant
Paralysis
3rd Degree Burns
Blindness
Coronary Artery By-pass Surgery
Heart Valve Replacement or Repair
Aorta Graft Surgery
Premium Waiver Benefit:
A policyholder has option to avail of a premium waiver
benefit whereby premiums falling due on or after the
date of diagnosis of critical illness are waived till
maturity date of the main plan or earlier death of the
life assured.

8. Bonuses:
Simple Reversionary Bonuses are
declared per thousand Sum Assured
annually at the end of each financial
year.
Final ( Additional ) Bonus may also be
payable provided a policy has run for
certain minimum periodIntro features
benefits illustrations

9. Death Cover:
In case of Plan 88, twice the basic Sum
assured along with bonus will be paid if the
policyholder dies during the term of the
policy, provided the policy is in full force as
on the date of death.
In case of Plan 133, thrice the basic Sum
assured along with bonus will be paid if the
policyholder dies during the term of the
policy, provided the policy is in full force as
on the date of death.
Intro features
benefits illustrations

10. Maturity Benefit:
Basic Sum Assured plus
Vested reversionary bonuses plus
Final Additional Bonus, if any,
is payable in a lump sum on
survival to the policy term.
Intro features
benefits illustrations

11. End
of
year
Total
Premiums
paid till end
of year
Benefit payable on death during the year
Guaranteed
Variable Total
Scenario 1 Scenario 2 Scenario 1 Scenario 2
1 4,750 200,000 2,100 5,700 202,100 205,700
2 9,500 200,000 4,200 11,400 204,200 211,400
3 14,250 200,000 6,300 17,100 206,300 217,100
4 19,000 200,000 8,400 22,800 208,400 222,800
5 23,750 200,000 10,500 28,500 210,500 228,500
6 28,500 200,000 12,600 34,200 212,600 234,200
7 33,250 200,000 14,700 39,900 214,700 239,900
8 38,000 200,000 16,800 45,600 216,800 245,600
9 42,750 200,000 18,900 51,300 218,900 251,300
10 47,500 200,000 21,000 57,000 221,000 257,000
15 71,250 200,000 31,500 85,500 231,500 285,500
20 95,000 200,000 56,000 152,000 256,000 352,000
25 118,750 200,000 69,500 189,500 269,500 389,500
End
of
year
Total
Premiums
paid till end
of year
Benefit payable on maturity (Rs)
Guaranteed
Variable Total
Scenario 1 Scenario 2 Scenario 1 Scenario 2
Intro features
benefits illustrations
Illustration 1 (Table 88): Age at entry: 35 years
Policy Term: 25 years Premium paying term: 25 years
Mode of premium payment: Yearly Sum Assured: Rs.1,00,000/-
Annual Premium: Rs.4,750 /-

12. End of
year
Total
premiums
paid till end of
year
Benefit payable on death during the year
Guaranteed
Variable Total
Scenario 1 Scenario 2 Scenario 1 Scenario 2
1 5,453 300,000 2,100 5,700 302,100 305,700
2 10,906 300,000 4,200 11,400 304,200 311,400
3 16,359 300,000 6,300 17,100 306,300 317,100
4 21,812 300,000 8,400 22,800 308,400 322,800
5 27,265 300,000 10,500 28,500 310,500 328,500
6 32,718 300,000 12,600 34,200 312,600 334,200
7 38,171 300,000 14,700 39,900 314,700 339,900
8 43,624 300,000 16,800 45,600 316,800 345,600
9 49,077 300,000 18,900 51,300 318,900 351,300
10 54,530 300,000 21,000 57,000 321,000 357,000
15 81,795 300,000 31,500 85,500 331,500 385,500
20 109,060 300,000 56,000 152,000 356,000 452,000
25 136,325 300,000 69,500 189,500 369,500 489,500
End of
year
Total
premiums
paid
till end of year
Benefit payable on maturity (Rs)
Guaranteed
Variable Total
Scenario
1
Scenario 2 Scenario 1 Scenario 2
Intro features
benefits illustrations
Illustration 2 (Table 133): Age at entry: 35 years
Policy Term: 25 years Premium paying term: 25 years
Mode of premium payment: Yearly Sum Assured: Rs.1,00,000/-
Annual Premium: Rs.5,453 /-

13. This illustration is applicable to a non-smoker
male/female standard (from medical, life style and
occupation point of view ) life.
• The non-guaranteed benefits (1) and (2) in above
illustration are calculated so that they are consisted
with the Projected investment Rate of Return
assumption of 6% p. a. (Scenario-1) and 10% p.a.
(Scenario 2) respectively. In other words, in preparing
this benefit illustration it is assumed that the Projected
Investment Rate of Return that LICI will be able to
earn throughout the term of the policy will be 6% p.a.
or 10% p.a. , as the case may be . The Projected
Investment Rate of Return is not guaranteed.
• The main objective of the illustration is that the client
is able to appreciate the features of the product and the
flow of benefits in different circumstances with some
level of quantification.
• Future bonus will depend on future profits and as such
is not guaranteed. However once bonus is declared in
any year and added to the policy, the bonus so added is
guaranteed.
Intro features
benefits illustrations