Whole Life SchemesSum AssuredMin Max

1 Whole life with profits plan-002 50,000 no limit

2 Limited payment whole life plan 005(with profits) 50,000 no limit

3 Single premium plan no. 8 with profits 30,000 no limit

Endowment Schemes4 Endowment with profit plan- 014 50,000 no limit

5 Limited payment endowment with profit plan no 48 50,000 no limit

6 Jeevan mitra plan no 88 50,000 no limit

7 Jeevan mitra triple cover plan no 133 50,000 no limit

8 Jeevan Anand plan - 149 1,00,000 no limit

9 New Janraksha Plan 91 30,000 2,00,000

Term assurance plan10 Anmol-jeevan-1 (without profit) 5 lakh 3 crore

11 Term assurance plan no 43 50,000 1 crore

12 Convertible term assurance plan no 58 50,000 10 crore

Plans for needs of children13 Jeevan Anurag table no 168 50,000 no limit

14 Komal Jeevan: 159 1 lakh 25 lakh

15 Jeevan Kishore plan no 102 50,000 no limit

16 Jeevan Chaya Plan 103 50,000 no limit

17 Marriage endowment/educational annuity plan no 9 50000 no limit

18 Children’s deferred plan 041 and 050 50,000 no limit

Periodic money back plan

19 BIMA GOLD 40,000 no limit

20 Jeevan Rekha Plan 152 2 Lakh no limit

21 Money back with profit 50,000 no limit

22 Jeevan surabhi plan 106, 107, 108 50,000 no limit

24 Jeevan Bharati plan 160-exclusive plan for women 50,000 2.5lakh

Policy for benefits for handicapped

25 Jeevan Adhar plan 114 50,000 no limit

26 Jeevan Vishwas plan 136 50,000 no limit

Plans to cover housing loan27 Mortgage redemption plan no 52 50k 10 lakh

Joint life Plan28 jeevan sathi plan 89 50k no limit

Plan for high worth individual30 Jeevan shree-1 table no 162 5 laks 25 lakh

31 Jeevan Pramukh 10 lakh no limit

Capital market linked plan32 Bima plus plan 140

Special Plan

33 Jeevan saral plan 165 Min premium per month: 250 for age<=49 years and 400 for age

34 Future Plus t. no. 172(pension plan) Min premium 10000/annum for single premium mode and 5000 under regular

Investment plan35 Bima nivesh 25,000 no limit

Whole Life SchemesPayment mode Policy Loan Age

Min MaxY, HY, Q, M, Salary saving schemes Yes 18 60

Y, HY, Q, M, Salary saving schemes yes 12 60

single prem. Only yes 12 60

Endowment SchemesY, HY, Q, M, Salary saving schemes yes 12 65

Y, HY, Q, M, Salary saving schemes no 12 65

Y, HY, Q, M, Salary saving schemes yes 18 50

Y, HY, Q, M, Salary saving schemes yes 18 50

Y, HY, Q, M, Salary saving schemes yes 18 65

Y, HY, Q, M, Salary saving schemes yes 18 50

Term assurance planY, HY , and single prem. no 18 55

single prem. no 18 60

Y, HY, Q, M, Salary saving schemes no 18 50

Plans for needs of childrenY, HY, Q, M, Salary saving schemes yes 20 60

Y, HY, Q, M, Salary saving schemes no 0 10

Y, HY, Q, M, Salary saving schemes no 0 12

Y, HY, Q, M, Salary saving schemes no 18 40

Y, HY, Q, M, Salary saving schemes yes 18 60

M, Q, HY, Y no 0 17

Periodic money back plan

all yes 14 63

all yes 13 65

all no 13 50

all no 14 to 55(106), 50

yearly no 18 50

Policy for benefits for handicapped

all no 22 65

all no 20 60

Plans to cover housing loanall no 20 50

Joint life Planall yes 20 50

Plan for high worth individualall yes 18 65

Yearly, Half-yearly, Quarterly or Monthlyes 18 65

Capital market linked planSingle prem or HY or yearly

Special Plan

Min premium per month: 250 for age<=49 years and 400 for age Yes 12 60

Min premium 10000/annum for single premium mode and 5000 under regular 18 65single prem. Or yearly or HY

Investment planyes 13 70

Benefitssurvival benefits

sum assured+accumulated bonuses+terminal bonusesafter 40 years from commencement or policy holders age>= 80 yearswhichever is later

sum assured + bonuses (provided all prem. Have been paid as mentioned in prem paying terms )

no survival benefits

sum assured+accumulated bonuses+final additional bonuses

like limited payment whole life plan

sum assurance + vested bonuses

sum assured + accumulated bonuses

sum assured + vested bonuses

sum assured + accumulated bonuses

Nil

nil

nil

20+20+20+40% of sum assured for last 4 years + bonuses

20% at 18, 20 % at 20, 30% at 22, 30% at 24 + guaranteed addition,at the time of maturity+ loyalty addition

sum assured+ accumulated bonus+ final additional bonus

25+25+25, 25%+bonus + additional bonus

sum assured + bonuses payable in lumpsum or payable in 10 half-yearly installments at the option of the life assured

sum assured + bonuses

above are survival benefitsMaturity banifits=total prem. Paid+loyalty addition-survival benefits paid earlier

10% sum assured after every 5 years

20+20+20+40% sum assured for 20 years policy15+15+15+15+40 for 25 years policy

Plan 106: 4-30%, 8-30%, 12-40% 15-bonus

Term 12 Years: 15% of sum assured on 4th and 8th year

Term 16 Years: 15% of sum assured on 4th and 8th and 12th year

Term 20 Years: 10% of sum assured on 4th and 8th and 12th and 16th year

Plan 106: 4-25%, 8-25%, 12-25% 15-25% , 20-bonusPlan 106: 4-25%, 8-25%, 12-25% 15-25% , 18-bonus

20 % of the Sum Assured at the end of 5/10 years for 15 year term (balance payable on maturity plus

20 % of the Sum Assured at the end of 5/10 /15 years

sum assured + 10% guranteed addition

sum assured+ loyalty additions + guaranteed addition (60 % of sum assured)

no

sum assured+accumulated benefits

sum assured+accumulated bonuses+guaranteed additions

: sum assured + Guraranteed addition + accumulated bonuses+final additional bonuses

5 % of sum assured along with cash value of units

Guaranteed Additions plus bonus , if any)

for 20  year term (balance payable on maturity plus

Guaranteed Additions plus bonus , if any)

sum assured+ loyalty additions

pension on accumulated bid value of units

sum assured + guaranteed additions +loyalty benefits

Death benifitssum assured+accumulated benefits+terminal bonusespaid To his nominees after death

sum assured+ bonuses+vested bonuses

sum assured + profits

sum assured+vested bonuses

double the sum assurance + bonuses

three times sum assured+vested benefits

sum assured in case of death after prem paying termssum assured+bonuses during prem paying terms

sum assured + accumulated bonuses

sum assured

sum assured

sum assured

sum assured+accumulated bonuses+terminal bonuses

sum assured + guaranteed aditions+ loyalty adiition

sum assured+vested bonuses+final additional bonus

25%+25%+25%+ sum assured

sum assured + bonusespayable in 10 half-yearly installments at the option of the life assured.

lumpsum(sum assured + bonuses) will be paid after deferrement period not at the time of death

Sum assured

Maturity banifits=total prem. Paid+loyalty addition-survival benefits paid earlier

sum assured + bonuses

sum assured +bonus without deducting survival benefits paid ea

: sum assured+ bonuses

Full Sum Assured irrespective of all earlier survival benefits paid plus Guaranteed Additions plus bonus , if any)

sum assured+ guaranteed and terminal addition

sum assured+ loyalty additions + guaranteed addition

all loans will be payable

sum assured

sum assured+accumulated bonuses+guaranteed additions

sum assured + Guraranteed addition + accumulated bonuses+final bonuses

during first 6 month 30 % of sum assured +cash value of units, 60% of sum assured+ cash value ofunits for next 6 months and full sum

assured+ cash value after 1 year

250 times the monthly premium+ return of premiums excluding first year+loyalty addition

basic sum assured + bid value of units

sum assured + guaranteed additions

accident benefits premium Payment termsNA till age=80 years or terms of 35 years

whichever is later

NA Min 5 years and max 55 years

Na N. A. because single prem

no further prem to be paid if policy holder become min 5 years Max 55 yearstotally or permanent disable because of accidentbefore reachng age of 70

NO min 5 max 55

NO min 15 max 30

besic sum assured with additional payment of prem min 15 max 30

double accident available during prem. paying terms min 5 max 57

double the sum assured+ accumulated bonuses min 12 max 30provided death due to accident or permnant disability

No min 5, max 25

No : 6, 12, 18, 24 months

min 5 max 7

sum assured under basic plan min 10 max 25 , 5 in case of single premium

no benefits maturity age 26 years

min 15 max 35

double the sum assured + fixed benefits(75% sum assur min 18 max 25and future prem stands cancelled in case of accedental death

Sum assured by paying additional premiumpayable in 10 half-yearly installments at the option of the life assured. min 5 max 25

min 25 max 50

available by paying additional prem. 12, 16, 20

by paying additional prem. min 5 max 25

NA fixed 20 and 25

sum assured+bonuses 15 years fixed

double accident benefit 15 and 20

NA 10, 15, 20, 25, 30 & 35 only

yes as per usual LIC practice min 10 max 40

NA

No min 15 max 30

YES BY PAYING ADDITIONAL PREM. min 5 max 25

NA 5, 10, 15, 20 or 25 years

sum assured + death benefits

amount equal to the Accident Benefit Sum Assured10 to 35

NA min 5 years

NA 5 and 10 years

suitable for reduced paid up assuranceall ages after 5 yrs. Prem are paid

all ages after 3 yrs. Prem. Are paid

all ages

all ages after 3 years

all ages after 3 years

not allowed for people engaged in hazardous occupationsuitable for Young age people

all ages, not allowed for people engaged in hazardeous occupation

after 3 years

ideal for farmers and workers100% income tax free

no paid up no surrender value

who need risk cover for maximum 2 yeno paid up no surrender value

Guaranteed surrender after 3

after 3 years

after 3 years

after 3 years

all ages after 3 years

only for women after 3 years

no

after 3 years

1 for <10 term and 2 for >10

after 1 years

after 3 years

after 3 years

after 2 years

after 1 year

Provision to pay prem. In most productive years of lifeand need not pay prem. In later stages of life

Provision to pay prem. In most productive years of lifeand need not pay prem. In later stages of life

Assures lumpsum at desired age

payment of prem. Can be either limited to single paymentor term shorter than policyalso assures lump sum at desired age

assures lumpsum at desired ageendowment+whole life, for all

provides full life insurance cover for 3 years even when prem. Are not paid provided min. 2 prem are paid

no paid up no surrender value

no paid up no surrender value

Policy holders get an option of converting an policy into endowment assurance or limited payment whole life assurance

Take care of educational needs of childern

Take care of educational needs of childern

suitable for parent who want lumpsum amount at paerticular age of childchild become owner of policy after 18 years

provision for education/marriage of childfor parents having child less than a year

for marriage/higher education

provides insurance cover on life of the child

its combination of whole life plan with money back

maturity period is more than paying terms

lumpsum benefits on periodic year

exclusive money back plan for women

designed for maintainence of handicapped dependant

who wants housing loan to be piad up in case of demise

professional with high income

unit linked product that provides financial protection against death over 10 year term of plan

employee seeking life cover through salary saving scheme

unit lonked pension plan

Policy holders get an option of converting an policy into endowment assurance or limited payment whole life assurance

Sr.no Policy category

1 Whole Life Schemes

2 Endowment Schemes

3 Term Assurance PLan

4 Plans for needs of Children

5 Periodic money back plan

6 Policy for benefits for Handicapped

7 Plans to cover housing Loan

8 Joint life plan

9 Plan for high worth individual

10 Capital market linked plan

11 Special plan

12 Investment Plan

Sum assured AgePolicy Name Min Max Loan Min

Whole life with profits plan-002 50,000 no limit yes 18

Limited payment whole life plan 005 50,000 no limit yes 12

Single premium plan no. 8 with profits 30,000 no limit yes 12

Endowment with profit plan- 014 50,000 no limit yes 12

Limited payment endowment with profit plan no 48 50,000 no limit no 12Jeevan mitra plan no 88 50,000 no limit yes 18

Jeevan mitra triple cover plan no 133 50,000 no limit yes 18Jeevan Anand plan - 149 100,000 no limit yes 18

New Janraksha Plan 91 30,000 200,000 yes 18

Anmol-jeevan-1 (without profit) 5 Lakh 3 crore no 18

Term assurance plan no 43 50,000 1 crore no 18

Convertible term assurance plan no 58 50,000 10 crore no 18

Jeevan Anurag table no 168 50,000 no limit yes 20

Komal Jeevan: 159 1 lakh 25 lakh no 0

Jeevan Kishore plan no 102 50,000 no limit no 0

Jeevan Chaya Plan 103 50,000 no limit no 18

Marriage endowment/educational annuity plan no 90 50,000 no limit yes 18

Children’s deferred plan 041 and 050 50,000 no limit no 0

BIMA GOLD 40,000 no limit yes 14

Jeevan Rekha Plan 152 2 lakh no limit yes 13

Money back with profit 50,000 no limit no 13

Jeevan surabhi plan 106, 107, 108 50,000 no limit no 14

Jeevan Bharati plan 160-exclusive plan for women 50,000 2.5 lakh no 18

Jeevan Adhar plan 114 50,000 no limit no 22

Jeevan Vishwas plan 136 50,000 no limit no 20

Mortgage redemption plan no 52 50,000 10 lakh no 20

jeevan sathi plan 89 50,000 no lomit yes 20

Jeevan shree-1 table no 162 5 lakh 25 lakh yes 18

Jeevan Pramukh 10 lakh no limit yes 18

Bima plus plan 140

Jeevan saral plan 165 yes 12

Future Plus t. no. 172(pension plan) NG 18

Bima nivesh 25,000 no limit yes 13

Payment TermsMax Min Max profit plan paid up

60 35 yes 5

60 5 55 yes 3

60 NA 1 yes no

65 5 55 yes 3

65 5 55 no 350 15 30 no no

50 15 30 no no65 5 57 no 3

50 12 30 no no

55 5 25 no no

60 6,12,18,24 months no no

50 5 7 no no

60 10 25 yes 3

10 maturity age=26 no 3

12 15 35 yes no

40 18 25 no no

60 5 25 no no

17 25 50 yes 3

63 12,16,20 no 3

65 5 25 no 3

50 20 and 25 yes no

55,50,45 15 fixed no no

50 15 and 20 no 3

65 10,15,20,25,30 and 35 no no

60 10 40 no 3

25 no no

50 15 30 no no

65 5 25 no 1 or 2

65 5, 10, 15, 20, 25 no 1

no 1

60 10 35 no 3

65 5 NG no 2

70 5 and 10 no 1

survival benefits gets after 80 years or 40 years from the date of commencement whichever is later

for all three policies

Policy category Policy Name

Whole Life Schemes Whole life with profits plan-002

Limited payment whole life plan 005Single premium plan no. 8 with profits

Endowment Schemes Endowment with profit plan- 014

Limited payment endowment with profit plan no 48Jeevan mitra plan no 88

Jeevan mitra triple cover plan no 133Jeevan Anand plan - 149

New Janraksha Plan 91

Term Assurance PLan Anmol-jeevan-1 (without profit)Term assurance plan no 43Convertible term assurance plan no 58

Plans for needs of Children Jeevan Anurag table no 168Komal Jeevan: 159Jeevan Kishore plan no 102Jeevan Chaya Plan 103Marriage endowment/educational annuity plan no 90Children’s deferred plan 041 and 050

Periodic money back plan BIMA GOLDJeevan Rekha Plan 152Money back with profitJeevan surabhi plan 106, 107, 108Jeevan Bharati plan 160-exclusive plan for women

Policy for benefits for Handicapped Jeevan Adhar plan 114Jeevan Vishwas plan 136

Plans to cover housing Loan Mortgage redemption plan no 52

Joint life plan jeevan sathi plan 89

Plan for high worth individual Jeevan shree-1 table no 162Jeevan Pramukh

Capital market linked plan Bima plus plan 140

Special plan Jeevan saral plan 165Future Plus t. no. 172(pension plan)

Investment Plan Bima nivesh

Benefitssurvival death benefitsSA+bonuses SA+bonuses

SA+bonuses SA+bonuses

nil SA+bonuses

SA+bonuses SA+bonuses

SA+bonusesSA+bonuses Double SA+bonuses

SA+bonuses Tripple SA+bonusesSA+bonuses SA+bonuses

SA+bonuses SA+bonuses

nil SA

nil SA

nil SA

SA for last 4 years+bonuses SA+bonuses

SA at 18,20,22,24+bonuses SA+bonuses

SA+bonuses SA+bonuses

SA at 17,18,19,20+bonuses SA+75% of sum assured

SA+bonuses in lumpsum or 10 HY installements SA+bonuses in lumpsum or 10 HY installements

SA+bonuses SA+bonuses will be paid after deferrement period

SA at 4,8,12,16 yrs. SA+bonuses

10% of SA after every 5 Yrs SA+bonuses

20 % of SA after evry 5 Yrs SA+bonuses

SA at 4,8,12 and 15 Yrs SA+bonuses

Sa after every 5 Yrs SA+bonuses

SA+GA SA+GA+bonuses

SA+GA SA+GA+bonuses

nil all loans payable

SA+bonuses SA

SA+bonuses SA+GA+bonuses

SA+bonuses SA+GA+bonuses

5 % of sum assured along with cash value of units SA+ cash value of units

sum assured+ loyalty additions 250 times the monthly premium+loyalty addition

pension on accumulated bid value of units basic sum assured + bid value of units

accedentno

no

no

No further prem

NO like limited payment whole lifeNO Not allowed for people engaged in hazardeous environment

SA Not allowed for people engaged in hazardeous environmentDSA endowment+whole life

DSA+bonuses ideal for farmers

No

no max two year temp risk cover

no can be converted to endowment or limited payment whole life

SA

no

no

DSA+fixed benefits

SA

no

Yes

yes money back + whole life

no with profit plan

yes Maturity period is more than paying terms

DSA only for womens

no

yes

no

no

yes

no

yes unit linked product that provides financial protection against death over 10 year term of plan

no employee seeking life cover through salary saving scheme

no unit lonked pension plan

unit linked product that provides financial protection against death over 10 year term of plan