LIC New Endowment Plan Premium Calculator.

Dear Friends,Previously I have provide You details about the New Endowment Plan and now you can calculate the Premium and Maturity Of this plan From Here : http://thepolicykart.com/calculator.php?id=LIC%20New%20Endowment%20Policy
LIC’s New Endowment Plan is a participating non-linked plan which offers an attractive combination of protection and saving features. This combination provides financial support for the family of the deceased policyholder any time before maturity and good lump sum amount at the time of maturity for the surviving policyholders. This plan also takes care of liquidity needs through its loan facility.
Benefits:
Death benefit: In case of death during the policy term provided all due premiums have been paid Death benefit, defined as sum of “Sum Assured on Death” and vested Simple Reversionary Bonuses and Final Additional bonus, if any, shall be payable. Where, “Sum Assured on Death” is defined as higher of Basic Sum Assured or 10 times of annualised premium. This death benefit shall not be less than 105% of all the premiums paid as on date of death.
Where premiums exclude service tax, extra premium and rider premiums, if any.
Maturity Benefit: Basic Sum Assured, along with vested 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.
Participation in Profits: The policy shall participate in profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation, provided the policy is in full force.
Final (Additional) Bonus may also be declared under the policy in the year when the policy results into a claim either by death or maturity, provided the policy has run for certain minimum term.
Optional Benefit:

LIC’s Accidental Death and Disability Benefit Rider:  LICs Accidental Death and Disability Benefit Rider is available as an optional rider by payment of additional premium. In case of accidental death, the 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 Assuredwill be paid in equal monthly installments spread over 10 years and future premiums for Accident Benefit Sum Assured as well as premiums for the portion of Basic Sum Assured which is equal to Accident Benefit Sum Assured under the policy, shall be waived.
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Claim Process In Insurance Company.

TheInsurance Regulatory and Development Authority (IRDA) has asked insurers to expedite the claim settlement process for the victims of floods in Jammu &Kashmir.
They have responded by announcing advance payment, lesser documentation, assigning dedicated personnel to handle claims and so on to help the victims. Under ordinary situations, however, things could be very different. Policyholders must take some steps to ensure a smooth claim settlement process — while buying the policy and at claim intimation stage. They also should be aware of their rights to ensure that they get their due.
Don’t leave it to the agent to fill up the details in your proposal form while buying thepolicy . Incorrect disclosures, particularly information related to medical status, often lead to claim repudiation, say insurers. “The foundation for a hassle-free claim experience is laid not at the time of claim, but at the time of policy purchase itself. You should fill up the life insurance policy form yourself and not depend upon an agent or service advisor to to do so. Non-disclosures, partial disclosures and in correct disclosures of significant and material facts are the major reason for rejection of claims.
At the time of filing the claim, the first point you (the nominee in case of a death claim) must remember is not to pay any charges to officials to secure your claim. Do not let them bully you into paying fees for processing or approving the claim. This apart, ensure that you intimate (either physically or through call centres and emails) the firm as soon as possible.
Next step is to get all the required documents in order. “Claim documents should be submitted in an orderly and timely manner. The documentation list required for claim processing is available on the website of all companies. Hence, it is advisable that a claim be intimated with all the required documents, as this would facilitate speedier processing of claim
Visit your insurer’s website to ascertain the documents required and procure the same before filing the claim. physically or through call centres and emails) the firm as soon as possible.
Next step is to get all the required documents in order. “Claim documents should be submitted in an orderly and timely manner. The documentation list required for claim processing is available on the website of all companies. Hence, it is advisable that a claim be visable that a claim be intimated with all the required documents, as this would facilitate speedier processing of claim.

LIC Children Money Back Plan Benefit Illustration.

Every Parents wants to secure their child’s Future.Parents want that his/her Child will get good education and became a Doctor,Engineer,Pilot,Scientist.Means Every parents have some dream related to their child and same every child have some dream to became a successful Person and give help and support to their parents.But a good person said that “No dreams will complete without a perfect planning”.
So,Dear parents do you have planned for your Child Future Or Not.If not than hurry up,because its an only time to secure Child Future as well as Career.This is a time of Competition and if you are in back front,than its big problem for your future as well as your Child.
That’s why LIC Introduce a plan named Children’s Money Back Plan.This is PureChild Plan and 3 Months Completed baby also eligible for this plan.Below I have explained the Details about the plan.

Illustration : Suppose A parents Invest 50000 Annualy For his/her 3 months child.So,Parent will pay this premium for next 24 Years and Child Start Recieveing Money Back amount From 18th Age.
For Exact Maturity And money Back Details visit here : www.thepolicykart.com

Money Back To Child : 18th Year,20th Year,22nd Year and In 25th Year Children will Recieve Final Maturity amount.

Desclaimer : So,This Plan Cover the Child Education as well as his/her Career.
Also You can Apply this plan online from here : http://thepolicykart.com/apply.phpintersteller