The Jeevan Sneha (only for women) plan is combination of the Money Back policy and Jana Raksha plan.It has declared in the year of the women, for helping them to create their own capital and gaining total independence.
LIC has specially designed a policy for women encouraging them to save for safety & security. This Policy provides for fund in times of need like education, marriage, sickness etc.
Jeevan Bharathi from Life Insurance Corporation of India (LIC)
The plan also provides the cover against affliction of certain Female Critical Illnesses and occurrence of certain Congenital Disabilities in newly born children.
Premiums at yearly intervals are payable throughout the term of the policy or till earlier death. After at least two full years’ premiums have been paid, full insurance cover is available even when premiums are not paid for up to three years. Premium for congenital disability benefit ceases at policy anniversary after the life assured completes the age of 40 years.
Guaranteed Additions during the first 5 years:
During the first 5 years, Guaranteed Additions of Rs.50/- per Rs.1000/- Sum Assured will be added to the policy at the end of each completed year for which premium is paid.
Bonuses after the first 5 years:
This is a with-profit plan and participates in the profits of the Corporation’s life insurance business after 5 years. It gets a share of the profits in the form of bonuses. Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year. Once declared, they form part of the guaranteed benefits of the plan. A Final (Additional) Bonus may also be payable provided a policy has run for certain minimum period.
Shakthi Health shield insurance policy from Royal Sundaram
Royal Sundaram Shakthi Healthshield is an exclusive policy for women of SHG, designed to provide health insurance to the women and their family members at an affordable cost. It is an ideal package that helps protect the insured's spouse and dependent children and keeps the family's worry lines away.