Avdhoot Investment Insurance Investment & Financial Services in Ahmedabad since 1996. 098254 72919 Home Life Insurance Non-Life Insurance Small Saving Schemes Fixed Deposits Bonds Loans Stock Market Mutual fund Credit-Cards FAQ Tax Benefits Contact Us Welcome to Avdhoot Investment The World of Insurance, Investment & Finance is Avdhoot Investment i.e. Ahmedabad based Wealth Management Services says Life is full of uncertainties can be sure of your today but not about the unpredictable tomorrow. And hence, you toil hard all through life only to ensure that your family's tomorrow is secure, comfortable and relaxed. You want the best for your near and dear ones now and always. As your insurance agent trust me to guide you best through the right insurance plans for your family that not only take into account Your protection requirements but also the need for wealth at regular intervals only to ensure that you recieve the best out of life itself for. Taking invaluable products and services to customers' doorstep across Ahmedabad, Gujarat, India via our authorized agent. Avdhoot Investment is One-Stop Supermarket for Insurance, Investment & Financial Products Since 1996. You may Compare here or Apply Online to Buy/ Purchase or renew Policies here. Delivering Life Insurance Products Like Endowment Plans, Whole Life Plans, Unit Linked Insurance Plans, Retirement Plans, Pension Plans, Child Plans, Investment Plans, Money Back Plans, Recurring Plans, Single Premium Policy etc. by Life Insurance Corporation of India (LIC of India). Non-Life Insurance Products of Oriental Insurance, New India Assurance, National Insurance, United India Insurance, Bajaj Allianz General Insurance & many more companies Like Car Insurance, Personal Accident, Fire protection Insurance, Shop Keeper, Office Insurance, Workman Compansation Policy, Marine Insurance, Student Insurance, Visitors Insurance, Travel/Overseas Insurance, Health Insurance, Mediclaim etc. We also provide New IPO/ FPO printed forms to regular customers. Know the Grey Market Premium here. Attractive Interest Rates on Company Fixed Deposits compare to Bank Deposits. Information of Small Saving Schemes by Government of India Post Office: KVP, NSC, MIS, PPF, Recurring (RD), Term Deposits, Senior Citizens Schemes. Govt. of India Tax Saving Bonds, Infrastructure Bonds, REC Bonds, RBI Bonds etc. Get Free Alerts vis SMS, Chat, Social Network and Email for Premium Reminders, Birthday, Anniversary, Maturity, New Products launching etc. LIC’s New Plan JEEVAN LAKSHYA (Table No. 833) INTRODUCTION: It has been decided to introduce LIC’s Jeevan Lakshya (Plan No.833) with effect from 12th March; 2015.The Unique Identification Number (UIN) for LIC’s Jeevan Lakshya is 512N297V01. This number has to be quoted in all relevant documents furnished to the Policyholders and other users (public, distribution channels, etc.).LIC’s Jeevan Lakshya is a limited premium paying conventional With-Profits Endowment Assurance plan. This plan provides for Annual Income benefit that may help to fulfill the needs of the family, primarily for the benefit of children, in case of unfortunate death of Policyholder any time before maturity and a lump sum amount at the time of maturity independent of survival of the Policyholder. The benefits and other details of the plan are given below. 2. BENEFITS: The benefits payable under an inforce policy are as under: a) Benefits payable on death: Death Benefit, defined as sum of “Sum Assured on Death”, vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable at various durations as mentioned below: Where “Sum Assured on Death” is defined as the sum of: – Annual Income Benefit equal to 10% of the Basic Sum Assured, which shall be payable from the policy anniversary coinciding with or following the date of death of Life Assured, till the policy anniversary prior to the date of maturity. – Assured Absolute Amount equal to 110% of Basic Sum Assured, which shall be payable on due date of maturity; and The vested Simple Reversionary Bonuses and Final Additional Bonus, if any, included in the Death Benefit, shall be payable on due date of maturity. The Death Benefit defined above shall not be less than 105% of all the premiums paid as on date of death. The premiums mentioned above exclude taxes (including service tax), extra premium and rider premium(s), if any. b) Benefits payable on maturity: On survival to the end of the policy term provided all due premiums have been paid, “Sum Assured on Maturity” along with vested Simple Reversionary bonuses and Final Additional bonus, if any, shall be payable. Where Sum Assured on Maturity is equal to Basic Sum Assured. c) 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, if any, at such rate and on such terms may also be declared under the policy as on due date of maturity. In case of death under a policy which is in full force, the policy shall continue to participate in profits upto the due date of maturity and the entire vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable on due date of maturity. Hence, the Simple Reversionary Bonus and Final Additional Bonus, if any, shall be payable under the policy on due date of maturity irrespective of survival of the Life Assured. In case the premiums are not duly paid (except in case of death of the Life Assured under inforce policy), the policy shall cease to participate in future profits irrespective of whether or not the policy has acquired paid up value. However, the policy shall be considered as inforce on death during the grace period. Final Additional Bonus shall not be payable under reduced paid-up policies. 3. OPTIONAL BENEFIT: This plan provides the following optional rider by payment of additional premium: i) LIC’s Accidental Death and Disability Benefit Rider UIN (512B209V01): LIC’s Accidental Death and Disability Benefit Rider (AD&DB) is available as an optional rider by payment of additional premium. This rider can be opted for at any time within the premium paying term of the Basic Plan provided the outstanding premium paying term is atleast 5 years. The benefit cover under this rider shall be available during the policy term. If this benefit is opted for, an additional amount equal to the Accident Benefit Sum Assured is payable on death due to accident, provided the rider is inforce at the time of accident. In case of accidental permanent disability (within 180 days from the date of accident), an amount equal to the Accident Benefit Sum Assured will 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. If the policy becomes a claim by way of death or maturity before the expiry of the said period of 10 years, the disability benefit instalments which have not fallen due will be paid along with the claim amount. The premium for this rider shall be paid during the premium paying term of the Basic Plan. If there be more policies than one and if the total Accident Benefit exceeds Rs.100 lakhs, the benefits shall apply to the first Rs. 100 lakhs Sum Assured in order of date of policies issued. Accidental Death and Disability Benefit Rider shall not acquire any paid-up value and the rider benefit will cease to apply, if policy is in lapsed condition. Beyond the specific details as mentioned in this circular in respect of this rider, additional details i.e. requirements of claim, definition of disability etc., may be referred from the rider circular Ref:CO/PD/44 dated 2nd January, 2014. ii) LIC’s New Term Assurance Rider (UIN 512B210V01): – LIC’s New Term Assurance Rider is available at the inception of the policy on payment of additional premium. The additional premium for this Rider will need to be paid along with the premium of the Basic Plan and any other rider, if opted for, during the premium paying term of the policy. If this rider is opted for, on death of the Life Assured during the policy term an additional amount equal to Term Assurance Rider Sum Assured shall be payable provided the rider cover is inforce. If there be more policies than one and if the total Term Assurance Rider Sum Assured exceeds Rs. 25 lakhs, the benefits shall apply to the first Rs. 25 lakhs Term Assurance Rider Sum Assured in order of date of policies issued. Beyond the specific details as mentioned in this circular in respect of this rider, additional details may be referred from the rider circular Ref: CO/PD/59 dated 3rd November 2014. 4. ELIGIBILITY CONDITIONS AND RESTRICTIONS: For Basic Plan: 1) Minimum Age at entry for Life Assured : 18 years (last birthday) 2) Maximum Age at entry for Life Assured : 50 years (nearer birthday) 3) Maximum Maturity Age : 65 years (nearer birthday) 4) Policy Term : 13 to 25 years 5) Premium paying Term : (Policy Term – 3) years 6) Minimum Basic Sum Assured : Rs. 1, 00,000/- 7) Maximum Basic Sum Assured : No Limit The Basic Sum Assured shall be in multiples of Rs. 10,000/- only. Age at entry for the Policyholder is to be taken as age nearer birthday except for the minimum age at entry i.e. 18 years. Share this: Email Facebook LinkedIn Twitter Google Print More Like this: Like Loading... Tags: LIC Jeevan Lakshya, LIC Plan No 833 Jeevan Lakshya | admin June 12, 2015 | Comments (0) « Older Entries RSS | Comments RSS Subscribe to Blog via Email Email Address Archives Archives Select Month June 2015 March 2015 March 2014 January 2014 March 2013 October 2012 August 2012 July 2012 May 2012 March 2012 January 2012 November 2011 July 2011 June 2011 April 2011 January 2011 October 2010 September 2010 August 2010 May 2010 February 2010 January 2010 December 2009 January 2008 Categories Categories Select Category Income Tax Slab Investment Bonds IDFC Infra Bonds L&T Finance Infra Bond 2011 L&T Infra Bonds 2012 Muthoot Finance NCD Fixed Deposits Alembic Limited Apollo Hospital Bajaj Auto Finance Ceat Limited Deepak Nitrite Dewan Housing Finance Exim Bank Fenner India First Leasing Company Godrej Industries Godrej Properties Gruh Finance HDFC Limited ICICI Home Finance Jaiprakash Associates JP Associates LIC Housing Finance Mahindra Finance Shriram Transport Finance Sundram BNP Paribas Tata Motors Ltd Unitech Limited United Spirits Mutual Funds Small Saving Schemes Kisan Vikas Patra Monthly Income Scheme National Savings Certificate PPF Account Recurring Deposit Savings Account Senior Citizen Scheme Time Deposits Life Insurance AEGON Religare Life Insurance Aviva Life Insurance Bajaj Allianz Bharti Axa Life Insurance Birla Sun Life Insurance Future Generali Life HDFC Standard Life Insurance ICICI Prudential Life IDBI Fortis Life Insurance ING Vysya Life Insurance Kotak Life Insurance LIC of India Child Plans Children Money Back Jeevan Lakshya Endowment Plans Endowment Policy Group Insurance Group Graduity Scheme Health Plans New Jeevan Arogya Joint Life Plans Jeevan Saathi Plus Money Back Plans Pension Plans Jeevan Akshay VI Jeevan Dhara- 1 Jeevan Nidhi Jeevan Suraksha- 1 Special Plans Bima Nivesh Jeevan Bharti- 1 Jeevan Vaibhav LIC Jeevan Arogya Term Plans Unit Plans Health Protection Plus LIC Pension Plus LIC Samriddhi Plus Whole Life Plans Withdrwan Plans Ashadeep- II Bima Kiran Health Plus Jeevan Nischay Jeevan Suraksha LIC Jeevan Aastha LIC Jeevan Varsha LIC Jeevan Vriddhi Market Plus- 1 Money Plus- 1 Profit Plus Wealth Plus Max New York Life Met Life India Insurance Postal Life Insurance Reliance Life Insurance Sahara India Life Insurance SBI Life Insurance Smart Shield Shriram Life Insurance Tata AIG Life Insurance News Non Life Insurance Apollo DVK Insurance Bajaj Allianz General Insurance Future Generali General Health Insurance HDFC Ergo ICICI Lombard CHI Policy Family Floater Motor Insurance Personal Protect Shop Insurance IFFCO Tokio New India Assurance Oriental Insurance Car Insurance Fire Insurance Group Mediclaim Home Owners Insurance Jewellers Insurance Mediclaim Mediclaim Family Floater Nagrik Suraksha Office Umbrella Overseas Policy Personal Accident Shop Keeper Insurance Reliance General Insurance Royal Sundaram Shriram General Insurance Star Allied Insurance Senior Citizen Red Carpet Star Family Health Optima Tata AIG General Insurance United India Uncategorized NRI Investments Profit & Loss of All Insurers LIC of India - Oriental Insurance- United India Insurance- New India Assurance- National Insurance Avdhoot Investment %d bloggers like this: