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Mr.Pradeep Diwan
LIC Agent
7C / 8C, Parekh Nagar Indl. Estate,
S. V. Road, Kandivli (West), Mumbai -
400067
Maharashtra, India.
Tel: 28050377/
28055576
Fax: 28056748
Cell: 9324422924
pradeep@licinsurance.com |
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JEEVAN
VISHWAS
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A
special plan for the benefit of handicapped
persons. Unlike Jeevan Aadhar, which is a
Whole Life Plan, this is an Endowment Assurance
plan with benefits payable either on date
of maturity or on death, whichever is earlier.
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The
plan has been designed to assure a handicapped
dependant to have a secured life.
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Payment
of benefits will be on the basis of 20% as
a lump sum and balance 80% to secure an annuity.
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Basic
sum assured payable either on survival to
the term or on death happening within the
term.
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Guaranteed
Additions are given at a fixed rate of Rs.
60 per Rs 1000 sum assured.
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Loyalty
Additions are payable for each completed policy
year.
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Premium
paying terms are between 10 to 25 years.
Benefits
On the Date
of Maturity or earlier death during the term
(of life assured)
Once the claim
is admitted, there are three options available:
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Regular income for life.
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Regular income certain for 5, or 10 or 15
years and life thereafter.
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Regular income for life with return of notional
purchase price i.e. 80% of basic sum assured
+ 80% of guaranteed additions and loyalty
additions.
Handicapped
dependant pre-deceasing the life assured
Accident benefits
if availed are paid as lump sum as per Accident
benefit rules.
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Minimum
sum assured: Rs. 50000.
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Minimum
premium must be Rs.800 per annum
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Minimum
age at entry: 20 years.
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Maximum
age at entry: 65 years.
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Minimum
Term: 10 years.
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Maximum
Term: 40 years.
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