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I Amar Nath Sahu (Senior Insurance Advisor) have started my career as LIC agent in LIC Branch 310 in CP New Delhi 2015 under the guidence of Shri Sanjay Garj (Who is No 1 DO in all over India) under his guidance my dream come into reality. Now a days we must have a LIC insurance for our better future. For any type of LIC insurance, Health Insurance, Vehicle Insurance please visit our site www.nanomoney.in or you can also contact us any time we are always available to help you.

LIC of India

LIC of India was established on 1 September 1956 after government of India passed the Life Insurance of India Act. Life Insurance Corporation of India (LIC of India) is a leading life insurance company in India and LIC headquartered is situated in Mumbai. LIC is the largest life insurance company in India having an asset value of approximately 2,529,500 crores.

After merge over 252 insurance companies and provident Societies LIC insurance company was established. LIC offers many insurance plans including a range of ULIPs (Unit Linked Insurance Plan), Pension plans, child plans, health plan, accidental plan, term insurance and others. LIC company was established with a motto of: – Your welfare is our responsibility. The company is well established in urban as well as rural areas of India.

As of today, LIC of India functions with a network of 1,538,070 Individual Agents, 342 Corporate Agents, 109 Referral Agents, 114 Brokers and 42 Banks. LIC has 2,048 fully computerized branch offices, 113 divisional offices, 1,381 satellite offices and over 8 zonal offices with the head office located in Mumbai. The mission of the Life Insurance Corporation of India is to provide the best quality of living of the people by providing financial products and services that provide good returns.

OBJECTIVE OF THE COMPANY

As LIC of India is leading insurance company in India main aim is to spread the importance of LIC of India widely in rural as well as urban area tell them about the benefits of LIC i.e. good return on their investment after maturity and also financial cover against death at a reasonable cost. For more details you can also visit LIC offical webiste.https://licindia.in/

Endowment Plan

1	LIC’s Saral Jeevan Bima	859	512N341V01
2	LIC’s Bima Jyoti	860	512N339V01
3	LIC’s Bachat Plus	861	512N340V01
4	LIC’s New Endowment Plan	914	512N277V02
5	LIC’s New Jeevan Anand	915	512N279V02
6	LIC’s New Bima Bachat	916	512N284V02
7	LIC’s Single Premium Endowment Plan	917	512N283V02
8	LIC’s Jeevan Lakshya	933	512N297V02
9	LIC’s Jeevan Labh	936	512N304V02
10	LIC’s Aadhaar Stambh	943	512N310V02
11	LIC’s Aadhaar Shila	944	512N309V02

MONEY BACK PLANS

1	LIC’s NEW MONEY BACK PLAN – 20 YEARS	920	512N280V02
2	LIC’s NEW MONEY BACK PLAN – 25 YEARS	921	512N278V02
3	LICs Jeevan Umang	945	512N312V02
4	LIC’s NEW CHILDREN’S MONEY BACK PLAN	932	512N296V02
5	LIC’s Jeevan Tarun	934	512N299V02
6	LIC’s Jeevan Shiromani	947	512N315V02
7	LIC’s Bima Shree	948	512N316V02

TERM ASSURANCE PLAN

1	LIC’s TECH TERM	854	512N333V01
2	LIC’s Jeevan Amar	855	512N332V01

PENSION PLAN

1	“Pradhan Mantri Vaya Vandana Yojana “	856	512G336V01
2	LIC’s Jeevan Akshay – VII	857	512N337V01
3	LIC’s New Jeevan Shanti	858	512N338V01
4	LIC’s Saral Pension	862	512N342V01

RIDER PLAN

1	LIC’s Linked Accidental Death Benefit Rider	–	512A211V02
2	LIC’s Accidental Death and Disability Benefit Rider	–	512B209V02
3	LIC’s Accident Benefit Rider	–	512B203V03
4	LIC’s Premium Waiver Benefit Rider	–	512B204V03
5	LIC’s New Critical Illness Benefit Rider	–	512A212V02
6	LIC’s NEW TERM ASSURANCE RIDER	–	512B210V01

WHOLE LIFE PLAN

S.no Product name Plan no

1. Jeevan Umang 945

LIC Online Services

Following are the online services provided by LIC of India-

Know a days digitalization is growing day by day it become a necessity to connect companies with their customers in digital platform therefore LIC too has digitalized its processes, creating an extensive online database for their customers. The LIC has made LIC’s products and services online more handy to the existing and prospective customers.

Online forms for the products and services from LIC of India
Registration for e-Services from LIC of India
Policy schedule
Status of policy
Status of claim
Status of loan
Status of accrued bonus
Revival quotation
Certificate of premium payment
Premium due calendar
Policy bond/Proposal form image
Claim history
Registration of grievances

Most popular plan of LIC :-

LIC JEEVAN UMANG

Jeevan umang plan introduce by the LIC of India in February 2020 which plan no is 945. This is a participating non-linked whole life insurance plan, in which we get double benefit of income and protection to the family of the insured person. This plan provides annual continuity benefits after the finish of payment tenure till maturity along with survival benefits the plan also provides a lump amount as maturity benefits and death benefits during policy payment.

For more details visit https://licindia.in/Products/Insurance-Plan/LICs-Jeevan-Umang

Some silent features of Jeevan Umang Plan

In this plan there is option to pay premium for 15 years, 20 years, 25 years, and 30 Years
This is the whole life insurance plan which coverage to the insured person till 100 years.
This plan also offers benefits of bonus to the insured person.
After maturity of Jeevan Umang plan if you not take maturity amount you will provide 8% of total maturity plan as pension.
This plan also offer a bonus benefits to the insured person against premium payment.

Eligibility criteria of Jeevan Umang Plan:-

Eligibility	Minimum	Maximum
Minimum age of entry	90 days	55 years
Minimum sum assured	2 lakh	No limit
Policy term	Whole life 100 years
Premium payment term	15 years, 20 years. 25 years

Benefits of LIC JEEVAN UMANG

Death benefits

If the insured person get deaths during the policy term then all the remaining premium will be considered paid.

If the insured person gets deaths during 5 years then he will be paid “sum assured on death”.

On the death after completing of 5 years but before maturity if insured person get death then he will paid “Sum assured on Death” and loyalty addition.

Survival benefits

After completion of all the premium have been paid insured person will get survival benefits equal to 8% of Basic assured shall be payable each year till ne not surrendered his policy.

Payment process:-

LIC Jeevan Umang plan we can paid premium regularly at yearly, half yearly, quarterly or month (Monthly premium can be paid only through ECS)

Rebate under this policy

Basic Sum assured	Rebate
200000 to 4750000	Nil
500000 to 9750000	1.25% BSA
1000000 to 2475000	1.75 % BSA
2500000 and above	2.00 % BSA

LIC JEEVAN ANAND

Jeevan Anand plan introduced by the LIC of India which plan no is 915. LIC New Jeevan Anand Plan is a non-linked plan which offers an attractive combination of protection and savings. In the Jeevan Anand LIC we gets benefits of combination of both financial against death throughout life time of the insured person and also provides a loan facility to the insured person.

Benefits of Jeevan Anand policy:-

Death benefit :
If the Policy holder gets death before maturity his all due premiums shall be considered paid.

On Death during the policy term: Death benefit, defined as sum of Sum Assured on Death and allowed Simple Reversionary Bonuses and Final Additional bonus, if any, shall be payable. Where, Sum Assured on Death is defined as higher of 125% of Basic Sum Assured or 10 times of annualized premium. This death benefit shall not be less than 105% of all the premiums paid as on date of death.

On death of policyholder at any time after policy term: Basic Sum Assured

Benefits payable at the end of Policy Term: Basic Sum Assured, along with certified Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable in lump sum on survival to the end of the policy term provided all due premiums have been paid.

Sum assured on death + Accrued Bonus

2. Optional Benefit:

LIC’s Accidental Death and Disability Benefit Rider: In this we can also add LIC’s Accidental Death and Disability Benefit Rider is available as an optional rider by payment of additional premium during the policy term. In case of accidental death during the policy term, Accident Benefit Sum Assured will be payable as lumpsum along with the death benefit under the basic plan. In case of accidental permanent disability arising due to accident (within 180 days from the date of accident), an amount equal to the Accident Benefit Sum Assured will be paid in
equal monthly installments in 10 years and future premiums for Accident Benefit Sum Assured under the policy will be waived.

Key feature of LIC Jeevan Anand Policy:-

LIC Jeevan Anand is a whole life endowment plan
During plan term and till end of plan, all the benefits to be paid to insured person.
If policy holder gets death than sum assured shall be paid to his/her nominee.
In this plan LIC also provides a option to add rider plan for rider plan extra premium to be paid.
In this plan we also get tax exemption on the premium paid and claim settlement under section 80C and 10(10D) of the Income Tax Act.
Eligibility criteria of Jeevan Anand Plan:-

Eligibility	Minimum
Minimum age of entry	18 years to 50 years
Maturity age	Up to 75 years
Policy term	15/35 years
Premium payment term	15 years, 20 years. 25 years

Payment process:-

LIC Jeevan Umang plan we can paid premium regularly at yearly, half yearly, quarterly or month (Monthly premium can be paid only through ECS.

Document required for Jeevan Anand policy:-

Fill up LIC Jeevan Anand form correctly.
Required address proof.
Required Aadhar card, PAN card, ITR (Optional)
Medical history

Jeevan Lakshya /Kanyadan policy:

LIC kanyadan Policy or also known as Jeevan Lakshya Plan introduced by LIC of India plan no is 833. This plan is especially for your daughter which provides her financial benefits in education and at the time of marriage. In this plan if the insured person death before maturity than annual income benefit to the insured person family, primarily for the benefit of children and lump sum amount at the time of maturity will be paid.

Benefits of LIC Jeevan Lakshya/Kanyadan Policy:-

In Jeevan Lkshsya/Kanyadan policy there is a limited premium paying term.
If the insured person get death during the policy term then he will get 10% of sum assured is to paid every year till 1 year before the maturity date.
In this plan maturity tenure is from 13 years to 25 years
In this plan policy holder can choose plan for 6,10,15 or 20 years plan.
In this plan there is also addition befits provided to the policy holder.
Disability Rider benefits also provide to the policy holder if he/she opt for at least 5 years plan.
In the policy there is also a loan facility available to the policy holder if his/her premium paid till 3 consecutive years.

Key feature of Jeevan Lakshya/Kanyadan Policy:-

In this plan LIC provides a financial security to daughter of Insured person.
A lump-sum amount paid to the insured person at the time of maturity.
If the insured person get death than all the premium gets waived off.
At the time of accident death than immediate 10 lakh paid to insured person family.
At the time of non-accidental or natural demise policy holder gets 5 lakh immediate from LIC of India.
For daughter 50000 paid every year till the death of maturity.
NRI’s can also get this LIC policy without direct visiting the country.

Eligibility Conditions:-

Minimum Basic Sum Assured	100000/- (in multiple of 10000)
Maximum Basic Sum Assured	No limit
Policy terms	3 Years
Premium paying terms	14 to 25 years
Minimum age entry	18 years
Maximum maturity age	50 years
Daughter Minimum age	1 Year

Premium Payment Mode:

Yearly, Halfly, Quarterly, Monthly (ECS)

Document required for Jeevan Lakshya/Kanyadan Policy:-

Fill up LIC Jeevan Anand form correctly.
Required address proof.
Required Aadhar card, PAN card, ITR (Optional)
Medical history

New Endoment Plan

New Endowment Plan is introduced by the LIC of India plan no 814. New Endowment LIC plan is a plan which provides a huge amount which can be used in future for fulfill financial requirements like for children higher education and marriage. This plan is suitable for everyone.

Key feature of LIC New Endowment Plan:-

This LIC policy is like a combination of Life Insurance and investment.
In this plan there is low premium amount which is to be paid by policy holder.
In this plan bonus also provided to the policy holder declared by LIC.
There is also add-on Accidental benefit with rider but for this service he/she need to pay extra amount along with premium.
There is also Tax saving on Premium amount paid during Financial Period.
In this plan we also get maturity amount without paying Tax amount at the time of Maturity.

Eligibility Conditions:-

Minimum Basic Sum Assured	100000/- (in multiple of 5000)
Maximum Basic Sum Assured	No limit
Policy terms	12 to 35 years
Policy Revival	Within 2 yeas
Minimum age entry	18 years
Maximum maturity age	50 years
Premium mode rebate	2% yearly, 1% of half yearly, Nil on Quarterly.
Loan	After 3 years
Surrender	After 3 years of full premium payment.

Premium Payment Mode:

Yearly, Halfly, Quarterly, Monthly (ECS)

Document required for New Endowment Plan Policy:-

Fill up LIC Jeevan Anand form correctly.
Required address proof.
Required Aadhar card, PAN card, ITR (Optional)
Medical history

Jeevan labh plan:

Jeevan Labh

Jeevan Labh is insurance policy introduce by LIC of India plan no is 936. This policy is one of the best selling endowment plan offered by LIC of India. In this plan there is the option of limited premium payment.

Features of Jeevan Labh:-

LIC Jeevan Labh is the non-linked, with profit plan, where insured person gets both comprehensive protection plus assured return with death and maturity benefits.
Insured person can also avail loan from this LIC Jeevan Labh policy if he paid premium for 3 years.
In this plan insured person also get tax benefits under section 80C and 10(D) of Income Tax of India.
Jeevan Labh plan offer death benefits in installments.

Benefits of Jeevan Labh plan:-

Death benefits

If the insured person get unfortunate death during the tenure of policy then nominee of policy will get sum assured on death with bonus (if any). Death benefits should not less than 105% of total premium amount paid to nominee of policy holder.

Maturity benefits

After completion of Jeevan Labh policy tenure policy holder gets sum assured on maturity along with simple reversionary bonus and final addition bonus (if any).

Tax benefits:-

In this plan policy holder gets tax benefits on maturity process from Income Tax of India under section 80C and 10(D).

Eligibility Conditions:-

Criteria	Minimum	Maximum
Minimum age of entry	8 years	59 years
Sum assured	200000/-	No upper limit
Maturity age	n/a	75 years
Policy terms	For 16 years, 21 years & 25 years

Premium Payment Mode:

Yearly, Halfly, Quarterly, Monthly (ECS)

Document required for Jeevan Labh Plan Policy:-

Fill up LIC Jeevan Anand form correctly.
Required address proof.
Required Aadhar card, PAN card, ITR (Optional)
Medical history

Jeevan Tarun

Jeevan Tarun

This plan is introduced by the LIC of India plan no is 834. This is the non-linked limited premium payment plan. This plan is especially made for children to meet there education and financial needs for there future.

Key feature of LIC Jeevan Tarun:-

In this plan premium is paid till 20 years of children and policy continues till child completed 25 years.
Child risk cover starts from date of policy taken or after completes of 8 years old whichever is earlier.
In this plan sum assured along with bonus is paid at the time of maturity.
Sum assured on death is 10 times of annual premium or 125% of sum assured whichever is higher.

Benfits of Jeevan Tarun:-

In this LIC Jeevan Tarun plan insured person gets bonus as per LIC terms & polices.
At the time of maturity policyholder gets certain percentage of sum assured given policyholder as survival benefits.
If the insured person gets death during the tenure of policy than remaining leftover of basic SA and bonus paid to policy holder nominee.

125% of the sum assured chosen while taking LIC Jeevan Tarun.

10 times of annual premium paid.

minimum 105% of total premium paid as on date of death.

Jeevan Tarun specification:-

	Minimum age	Maximum
Entry age (Last birthday) of child	90 days	12 years
Maturity age (Last birthday) of child		25 years
Sum assured	8	20
Policy term	25- age of child