LIC empowers women of India with Jeevan Bharati The best way to honour women on a very special day - March 8,2003. An Exclusive plan.
Download ReportTranscript LIC empowers women of India with Jeevan Bharati The best way to honour women on a very special day - March 8,2003. An Exclusive plan.
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LIC empowers women of India
with
Jeevan Bharati
The best way to honour women
on a very special day - March 8,2003.
An Exclusive plan for the woman of Today…
you because we care and understand
Slide 6
Women of Today excel every
where
An anchor at home
An Achiever at work
She needs security during all phases of life...
Something which offers life cover,
returns and liquidity all in one.
Slide 7
LIC salutes the women of substance in a very
special way … thru Jeevan Bharati
A plan which is
Distinctive,Affordable and Profitable
with value addition like security to
life, Periodic Money Back And
Health coverage
Slide 8
STATISTICS OF THE MARKET
For every 1000 male population there are 933
females i.e.
Males occupy
Females occupy
52 % of the population
48 % of the population
Don’t the female segment deserve same
representation in insurance market ?
Slide 9
Challenges in Life starts at
eighteen.So does Jeevan
Bharati…
This Policy is most suited for :
Entrepreneurs and Professionals like Software
engineers, doctors, engineers,managers,
officials, self-employed,artists, salaried
class,homemakers,students etc in the age
group of 18-50 years.
Slide 10
Unique features
A Policy exclusively for women.
Guaranteed Additions @Rs. 50/- per thousand
Sum Assured for the first 5 years
and
participation in profits thereafter.
Encashment
of
Survival
Benefit
at
policyholder’s will any time after the same is
due.
Option to pay premiums in advance.
Option to receive maturity proceeds in the form
of an annuity.
Slide 11
Free insurance cover for THREE years
after premiums for TWO years have
been paid.
Critical Illness Benefits for the
policyholder
and
Congenital
Disability Benefits for children born
to the policyholder.
Slide 12
Benefits
Guaranteed Additions :
G.A. @ Rs.50/- per thousand sum assured
per year for first 5 years.
Bonus additions
Policy will be eligible for bonus additions, if
any, from 6th year onwards.
Slide 13
Survival Benefit
For 15 Years Term :
20% of the S.A. payable at the end
of 5 years
20% of the S.A. payable at the end
of 10 years
60% of the S.A. payable together
with accrued Guaranteed Additions
and bonuses at the end of 15 years.
Slide 14
Survival Benefit
For 20 Years Term :
20% of the S.A. payable at the end
of 5 years
20% of the S.A. payable at the end
of 10 years
20% of the S.A. payable at the end
of 15 years
40% of the S.A. payable together
with accrued Guaranteed Additions
and bonuses at the end of 20 years.
Slide 15
Death Benefit
The full S.A. with accrued
Guaranteed Additions and accrued
bonuses is payable in case of death
of the L.A. in addition to survival
benefits paid earlier.
Accident Benefit
Additional Sum Assured upto max. of
Rs. 25 Lacs in case of death by
accident.
Slide 16
SPECIAL BENEFITS
Female Critical Illness Benefit*
(diseases covered)
Breast Cancer
Cervical Cancer
Vaginal / Vulval Cancer
Ovarian / Fallopian Tube Cancer
Uterine Cancer
(*Equal to Sum Assured subject to a max. of Rs 2 lacs)
Slide 17
Congenital Disability Benefit(CDB)*
(diseases covered for new born babies)
Downs Syndrome
Spina Bifida
Tetralogy of fallot
Oesophageal Atresia & Tracheooesophagaeal Fistula
Anal Atresia
Imperforate anus
Cleft Palate with or without Cleft Lip
(* Equal to 50% of Sum Assured subject to max. of Rs 1 lac)
Slide 18
Basic Parameters
Sum Assured : Rs. 50,000/- (Min.)
Rs. 25,00,000/- (Max)
Min. Age at entry : 18 yrs. (last Birthday)
Max. Age at entry: 50 yrs. (last Birthday)
Max. Age at
maturity
: 70 yrs. (last Birthday)
Mode of payment : Yearly only
The policy is for fixed term of 15 or 20
years.
Slide 19
S.A.
1 LAC
ANN.
PREM.
7,455*
AMOUNT PAYABLE
ON DEATH DURING
THE YEAR
6TH
7TH
onwards
S.A. of Rs.
1 Lac plus
G.A. of Rs.
25,000
S.A. of
Rs.1 Lac
plus G.A.
of Rs.
25,000
plus
accrued
bonuses
AMT.
PAYABLE
ON
SURVIVAL
AMT.
PAYABLE ON
MATURITY
Rs. 20,000 at
the end of 5th,
10th & 15th
year
Balance S.A. of
Rs.40,000 plus
G.A. of Rs.
25,000 plus
accrued
bonuses
*at age 30 years for a policy of 20 years term
Slide 20
S.A.
ANN.
PREM.
5 LAC 35,545*
AMOUNT PAYABLE
ON DEATH DURING
THE YEAR
6TH
7TH
onwards
S.A. of Rs. 5
Lac plus
G.A. of Rs.
1,25,000
S.A. of
Rs.5Lac
plus G.A.
of Rs.
1,25,000
plus
accrued
bonuses
AMT.
PAYABLE
ON
SURVIVAL
AMT.
PAYABLE ON
MATURITY
Rs. 1 Lac at
the end of
5th, 10th &
15th year
Balance S.A. of
Rs.2Lac plus
G.A. of Rs.
1,25,000 plus
accrued
bonuses
*at age 30 years for a policy of 20 years term
Slide 21
Slide 2
Slide 3
Slide 4
Slide 5
LIC empowers women of India
with
Jeevan Bharati
The best way to honour women
on a very special day - March 8,2003.
An Exclusive plan for the woman of Today…
you because we care and understand
Slide 6
Women of Today excel every
where
An anchor at home
An Achiever at work
She needs security during all phases of life...
Something which offers life cover,
returns and liquidity all in one.
Slide 7
LIC salutes the women of substance in a very
special way … thru Jeevan Bharati
A plan which is
Distinctive,Affordable and Profitable
with value addition like security to
life, Periodic Money Back And
Health coverage
Slide 8
STATISTICS OF THE MARKET
For every 1000 male population there are 933
females i.e.
Males occupy
Females occupy
52 % of the population
48 % of the population
Don’t the female segment deserve same
representation in insurance market ?
Slide 9
Challenges in Life starts at
eighteen.So does Jeevan
Bharati…
This Policy is most suited for :
Entrepreneurs and Professionals like Software
engineers, doctors, engineers,managers,
officials, self-employed,artists, salaried
class,homemakers,students etc in the age
group of 18-50 years.
Slide 10
Unique features
A Policy exclusively for women.
Guaranteed Additions @Rs. 50/- per thousand
Sum Assured for the first 5 years
and
participation in profits thereafter.
Encashment
of
Survival
Benefit
at
policyholder’s will any time after the same is
due.
Option to pay premiums in advance.
Option to receive maturity proceeds in the form
of an annuity.
Slide 11
Free insurance cover for THREE years
after premiums for TWO years have
been paid.
Critical Illness Benefits for the
policyholder
and
Congenital
Disability Benefits for children born
to the policyholder.
Slide 12
Benefits
Guaranteed Additions :
G.A. @ Rs.50/- per thousand sum assured
per year for first 5 years.
Bonus additions
Policy will be eligible for bonus additions, if
any, from 6th year onwards.
Slide 13
Survival Benefit
For 15 Years Term :
20% of the S.A. payable at the end
of 5 years
20% of the S.A. payable at the end
of 10 years
60% of the S.A. payable together
with accrued Guaranteed Additions
and bonuses at the end of 15 years.
Slide 14
Survival Benefit
For 20 Years Term :
20% of the S.A. payable at the end
of 5 years
20% of the S.A. payable at the end
of 10 years
20% of the S.A. payable at the end
of 15 years
40% of the S.A. payable together
with accrued Guaranteed Additions
and bonuses at the end of 20 years.
Slide 15
Death Benefit
The full S.A. with accrued
Guaranteed Additions and accrued
bonuses is payable in case of death
of the L.A. in addition to survival
benefits paid earlier.
Accident Benefit
Additional Sum Assured upto max. of
Rs. 25 Lacs in case of death by
accident.
Slide 16
SPECIAL BENEFITS
Female Critical Illness Benefit*
(diseases covered)
Breast Cancer
Cervical Cancer
Vaginal / Vulval Cancer
Ovarian / Fallopian Tube Cancer
Uterine Cancer
(*Equal to Sum Assured subject to a max. of Rs 2 lacs)
Slide 17
Congenital Disability Benefit(CDB)*
(diseases covered for new born babies)
Downs Syndrome
Spina Bifida
Tetralogy of fallot
Oesophageal Atresia & Tracheooesophagaeal Fistula
Anal Atresia
Imperforate anus
Cleft Palate with or without Cleft Lip
(* Equal to 50% of Sum Assured subject to max. of Rs 1 lac)
Slide 18
Basic Parameters
Sum Assured : Rs. 50,000/- (Min.)
Rs. 25,00,000/- (Max)
Min. Age at entry : 18 yrs. (last Birthday)
Max. Age at entry: 50 yrs. (last Birthday)
Max. Age at
maturity
: 70 yrs. (last Birthday)
Mode of payment : Yearly only
The policy is for fixed term of 15 or 20
years.
Slide 19
S.A.
1 LAC
ANN.
PREM.
7,455*
AMOUNT PAYABLE
ON DEATH DURING
THE YEAR
6TH
7TH
onwards
S.A. of Rs.
1 Lac plus
G.A. of Rs.
25,000
S.A. of
Rs.1 Lac
plus G.A.
of Rs.
25,000
plus
accrued
bonuses
AMT.
PAYABLE
ON
SURVIVAL
AMT.
PAYABLE ON
MATURITY
Rs. 20,000 at
the end of 5th,
10th & 15th
year
Balance S.A. of
Rs.40,000 plus
G.A. of Rs.
25,000 plus
accrued
bonuses
*at age 30 years for a policy of 20 years term
Slide 20
S.A.
ANN.
PREM.
5 LAC 35,545*
AMOUNT PAYABLE
ON DEATH DURING
THE YEAR
6TH
7TH
onwards
S.A. of Rs. 5
Lac plus
G.A. of Rs.
1,25,000
S.A. of
Rs.5Lac
plus G.A.
of Rs.
1,25,000
plus
accrued
bonuses
AMT.
PAYABLE
ON
SURVIVAL
AMT.
PAYABLE ON
MATURITY
Rs. 1 Lac at
the end of
5th, 10th &
15th year
Balance S.A. of
Rs.2Lac plus
G.A. of Rs.
1,25,000 plus
accrued
bonuses
*at age 30 years for a policy of 20 years term
Slide 21