liclifeplus

Our Products

As such there are number of plans and schemes offered by several companies but LIC LifePlus non term plan is below all. Non term plans offered by the LIC includes retirement and investment plans. Jeevan Nidhi, Jeevan Akshay – VI, New Jeevan Dhara, New Jeevan Suraksha – I, Endowment Plus, Bima Nivesh 2005, Jeevan Saral, Jeevan Madhur, Jeevan Mangal are some of the plans that provide the customers with different sets of pension options to make them feel independent when they are not in a condition to earn for themselves. Some Of Our Products are...

 

Jeevan Mitra

Product summary 

This is an Endowment Assurance plan that provides greater financial protection against death throughout the term of plan. It pays the maturity amount on survival to the end of the policy term. 

Premiums :

Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deductions, as opted by you, throughout the term of the policy or earlier death.

Bonuses :

This is a with-profit plan and participates in the profits of the Corporation’s life insurance business. It gets a share of the profits in the form of bonuses. Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year. Once declared, they form part of the guaranteed benefits of the plan. A Final (Additional) Bonus may also be payable provided a policy has run for certain minimum period.