Tag Archives: Single Premium Endowment

PRADHAN-MANTRI-VAYA-VANDANA-YOJANA

LIC’s Pradhan Mantri Vaya Vandan Yojana 842

LIC’s  Pradhan Mantri Vaya Vandan Yojana Plan No 842 is a plan which is Government Subsidized Scheme. It provides Return of 8% P.A. payable monthly (Equivalent to 8.30 % p.a) during policy term of 10 years. This plan is for the citizens above 60 years.  Sum Assured: Yearly: Minimum Rs. 1,44,578/-  Maximum Rs. 7,22,892/- Half Yearly: Minimum Rs. 1,47,601/-  Maximum Rs. 7,38,007/- Quarterly: Minimum Rs. 1,49,068/-  Maximum Rs. 7,45,342/- Monthly: Minimum Rs. 1,50,000/-  Maximum Rs. 7,50,000/- Pension Rate: Yearly: 8.30 % Half Yearly: 8.13 % Quarterly: 8.05 % Monthly: 8.00 % Pension Limit: Yearly: Minimum Rs. 12,000/-  Maximum Rs. 60,000/- Continue Reading »

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LIC’s Jeevan Akshay VI Pension Plan 189

LIC’s Jeevan Akshay VI is a Pension /Annuity Plan under Table No 189. It is a plan with a Single premium, with Annuity Option, non-linked Endowment Plan Sum Assured: Minimum limit for the sum assured is Rs. 1, 50,000/- for online and Rs. 1, 00,000/- for other Channel, there is no maximum limit. Premium Paying Term: Single Premium Policy. Entry Age: 30 Year to Age 85 Year, for Option F 100 Year (LBD) Premium Payment Mode: Single Premium. Maturity Benefits: As per Option Selected. Income Tax Benefit: Premium paid under this policy is tax exempted under section 80C. Liquidity Benefit: No Loan facility available under this plan. Continue Reading »

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LIC’s Single Premium Endowment Plan Table No. 817

LIC’s Single Premium Endowment Table No. 817 is a Single premium plan, with Profit, non-linked Endowment Plan. Sum Assured: Minimum limit for the sum assured is Rs. 50,000/- and there is no maximum limit. Policy Term:  10 Years to 25 Years. Premium Paying Term: Single Premium Policy. Entry Age: 90 days Completed to Age 65 Year (It is also applicable to child) Maximum Maturity Age: 75 Years. Premium Payment Mode: Single Premium. Maturity Benefits: Basic sum assured along with vested simple reversionary bonus and the final additional bonus is paid to the policy holder. Death Benefits:  If the Death happens before the commencement of risk, Continue Reading »