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1 Whole life with profits plan-002 Sum Assured Min Max 50,000 no limit Payment mode Y, HY, Q, M, Salary saving schemes Policy Loan Yes
50,000 no limit
yes
30,000 no limit
yes
Endowment Schemes
4 Endowment with profit plan- 014 50,000 no limit Y, HY, Q, M, Salary saving schemes yes
50,000 no limit
no
50,000 no limit
yes
50,000 no limit
yes
1,00,000 no limit
yes
30,000 2,00,000
yes
50,000 1 crore
single prem.
no
50,000 10 crore
no
1 lakh 25 lakh
no
50,000 no limit
no
50,000 no limit
no
50000 no limit
yes
50,000 no limit
M, Q, HY, Y
no
2 Lakh no limit
all
yes
50,000 no limit
all
no
50,000 no limit
all
no
50,000 2.5lakh
yearly
no
50,000 no limit
all
no
31 Jeevan Pramukh
10 lakh
no limit
Special Plan
33 Jeevan saral plan 165
Min premium per month: 250 for age<=49 years and 400 for age>4 Yes
Min premium 10000/annum for single premium mode and 5000 under regular p
single prem. Or yearly or HY
Investment plan
35 Bima nivesh 25,000 no limit yes
Age Benefits Min Max survival benefits 18 60 sum assured+accumulated bonuses+terminal bonuses after 40 years from commencement or policy holders age>= 80 years whichever is later
Death benifits sum assured+accumulated benefits+terminal bonuses paid To his nominees after death
12
60 sum assured + bonuses (provided all prem. Have been paid as mentioned in prem paying terms )
12
60 no survival benefits
12
12
18
18
18
sum assured in case of death after prem paying terms sum assured+bonuses during prem paying terms
18
18
55 Nil
sum assured
18
60 nil
sum assured
18
50 nil
sum assured
20
10 20% at 18, 20 % at 20, 30% at 22, 30% at 24 + guaranteed addition, at the time of maturity+ loyalty addition
18
18
payable in 10 half-yearly installments at the option of the life assured. ayable in 10 half-yearly installments at the option of th p
0 17 sum assured + bonuses lumpsum(sum assured + bonuses) will be paid after deferrement period not at the time of death
14
th th
th th
Sum assured
th
Term 20 Years: 10% of sum assured on 4th and 8th and 12th and 16th year above are survival benefits Maturity banifits=total prem. Paid+loyalty addition-survival benefits paid earlier
13 65 10% sum assured after every 5 years sum assured + bonuses
13
15+15+15+15+40 for 25 years policy 14 to 55(106), 50(1 106: 4-30%, 8-30%, 12-40% 15-bonus Plan Plan 106: 4-25%, 8-25%, 12-25% 15-25% , 20-bonus Plan 106: 4-25%, 8-25%, 12-25% 15-25% , 18-bonus
18 50 20 % of the Sum Assured at the end of 5/10 years for 15 year term (balance payable on maturity plus Guaranteed Additions plus bonus , if any) 20 % of the Sum Assured at the end of 5/10 /15 years for 20 year term (balance payable on maturity plus Guaranteed Additions plus bonus , if any)
Full Sum Assured irrespective of all earlier survival benefits paid plus Guaranteed Additions plus bonus , if any)
22
20
20
50 no
20
sum assured
18
18
during first 6 month 30 % of sum assured +cash value of units, 60% of sum assured+ cash value of units for next 6 months and full sum assured+ cash value after 1 year
12
18
13
accident benefits NA
premium Payment terms till age=80 years or terms of 35 years whichever is later
NA
all ages
Na
all ages
no further prem to be paid if policy holder become totally or permanent disable because of accident before reachng age of 70 NO
all ages
min 5
max 55
all ages
NO
min 15 max 30
not allowed for people engaged in hazardous occupation suitable for Young age people all ages, not allowed for people engaged in hazardeous occupation
min 15 max 30
min 5 max 57
double the sum assured+ accumulated bonuses provided death due to accident or permnant disability
min 12 max 30
No
min 5, max 25
No
min 5 max 7
no benefits
min 15 max 35
double the sum assured + fixed benefits(75% sum assured 18 max 25 min and future prem stands cancelled in case of accedental death
12, 16, 20
min 5 max 25
all ages
NA
fixed 20 and 25
sum assured+bonuses
15 years fixed
15 and 20
NA
min 10 max 40
NA
No
min 15 max 30
min 5 max 25
NA
NA
min 5 years
NA
5 and 10 years
Provision to pay prem. In most productive years of life and need not pay prem. In later stages of life
Provision to pay prem. In most productive years of life and need not pay prem. In later stages of life
after 3 years
after 3 years
payment of prem. Can be either limited to single payment or term shorter than policy also assures lump sum at desired age
after 3 years
provides full life insurance cover for 3 years even when prem. Are not paid provided min. 2 prem are paid
Policy holders get an option of converting an policy into endowment assurance or limited payment whole life assurance
after 3 years
suitable for parent who want lumpsum amount at paerticular age of child child become owner of policy after 18 years
provision for education/marriage of child for parents having child less than a year
after 3 years
after 3 years
after 3 years
after 3 years
no
after 3 years
1 for <10 term and 2 for >10 professional with high income
after 1 years
after 3 years
unit linked product that provides financial protection against death over 10 year term of plan
after 3 years
after 2 years
after 1 year
Sr.no
Limited payment whole life plan 005 Single premium plan no. 8 with profits
2 Endowment Schemes Endowment with profit plan- 014
50,000 no limit
50,000 no limit
50,000 no limit
100,000 no limit
30,000 200,000 5 Lakh 3 crore 50,000 1 crore 50,000 10 crore 50,000 1 lakh 50,000 50,000 50,000 50,000 40,000 2 lakh 50,000 50,000 50,000 no limit 25 lakh no limit no limit no limit no limit no limit no limit no limit no limit 2.5 lakh
Anmol-jeevan-1 (without profit) Term assurance plan no 43 Convertible term assurance plan no 58 Jeevan Anurag table no 168 Komal Jeevan: 159 Jeevan Kishore plan no 102 Jeevan Chaya Plan 103 Marriage endowment/educational annuity plan no 90 Childrens deferred plan 041 and 050 BIMA GOLD Jeevan Rekha Plan 152 Money back with profit Jeevan surabhi plan 106, 107, 108 Jeevan Bharati plan 160-exclusive plan for women Jeevan Adhar plan 114 Jeevan Vishwas plan 136 Mortgage redemption plan no 52 jeevan sathi plan 89 Jeevan shree-1 table no 162 Jeevan Pramukh Bima plus plan 140 Jeevan saral plan 165 Future Plus t. no. 172(pension plan) Bima nivesh
no
no no
yes no no no yes no
yes
yes
no no no
50,000 no limit 50,000 no limit 50,000 10 lakh 50,000 no lomit 5 lakh 25 lakh 10 lakh no limit
no no
no
yes
yes yes
11 Special plan
yes NG
12 Investment Plan
25,000 no limit
yes
Age Min 18 12 12
12 12 18 18 18 18
65 65 50 50 65 50
5 5 15 15 5 12
55 55 30 30 57 30
yes no no no no no
3 3 no no 3 no
18 18 18
55 5 25 no 60 6,12,18,24 months no 50 5 7 no
no no no
20 0 0 18 18 0
60 10 10 maturity age=26 12 15 40 18 60 5 17 25
3 3 no no no 3
no 25 no yes no no
3 3 no no 3
22 20
65 10,15,20,25,30 and 35 no 60 10 40 no
no 3
20
25
no
no
20
50
15
30 no
no
18 18
25 no no
1 or 2 1
no
12 18
60 65
10 5
35 no NG no
3 2
13
70 5 and 10
no
Limited payment whole life plan 005 Single premium plan no. 8 with profits
Endowment Schemes Endowment with profit plan- 014
Anmol-jeevan-1 (without profit) Term assurance plan no 43 Convertible term assurance plan no 58 Jeevan Anurag table no 168 Komal Jeevan: 159 Jeevan Kishore plan no 102 Jeevan Chaya Plan 103 Marriage endowment/educational annuity plan no 90 Childrens deferred plan 041 and 050 BIMA GOLD Jeevan Rekha Plan 152 Money back with profit Jeevan surabhi plan 106, 107, 108 Jeevan Bharati plan 160-exclusive plan for women Jeevan Adhar plan 114 Jeevan Vishwas plan 136 Mortgage redemption plan no 52 jeevan sathi plan 89 Jeevan shree-1 table no 162 Jeevan Pramukh Bima plus plan 140 Jeevan saral plan 165 Future Plus t. no. 172(pension plan) Bima nivesh
SA for last 4 years+bonuses SA at 18,20,22,24+bonuses SA+bonuses SA at 17,18,19,20+bonuses SA+bonuses in lumpsum or 10 HY installements SA+bonuses
SA at 4,8,12,16 yrs. 10% of SA after every 5 Yrs 20 % of SA after evry 5 Yrs SA at 4,8,12 and 15 Yrs Sa after every 5 Yrs
SA+GA SA+GA
nil
SA+bonuses
SA+bonuses SA+bonuses
Special plan
Investment Plan
accedent no no no
like limited payment whole life Not allowed for people engaged in hazardeous environment Not allowed for people engaged in hazardeous environment endowment+whole life ideal for farmers
SA SA SA
No no no
max two year temp risk cover can be converted to endowment or limited payment whole life
SA+bonuses SA+bonuses SA+bonuses SA+75% of sum assured SA+bonuses in lumpsum or 10 HY installements SA+bonuses will be paid after deferrement period
SA no no DSA+fixed benefits SA no
money back + whole life with profit plan Maturity period is more than paying terms only for womens
SA+GA+bonuses SA+GA+bonuses
no yes
no
SA
no
SA+GA+bonuses SA+GA+bonuses
yes no
yes
unit linked product that provides financial protection against death over 10 year term o
250 times the monthly premium+loyalty addition basic sum assured + bid value of units
no no
employee seeking life cover through salary saving scheme unit lonked pension plan