PowerPoint Presentation: MDVM (Parle) School Session : 2012-2013 PowerPoint Presentation: What LIFE insurance??? It is a contract that pledges payment of an amount to the person assured (or his nominee) on the happening of the event insured against. PowerPoint Presentation: Why LIFE insurance??? PowerPoint Presentation: A b it a bout LIC, D elivering P rosperity & P eace o f M ind……. Founded in 1956 Government Owned World’s Largest Life Insurance Company 2048 Branch Offices 1 million+ Agents 8th most trusted brand in India 13.25 trillion - Assets value in 2010 PowerPoint Presentation: MISSION “Explore and enhance the quality of life of people through financial security by providing products and services of aspired attributes with competitive returns, and by rendering resources for economic development." PowerPoint Presentation: VISION "A trans-nationally Competitive financial corporation of significance to Societies and Pride of India." PowerPoint Presentation: Board Of Directors : T.S. Vijayan ( Chairman ) D.K . Mehrotra (Managing Director - LIC) Thomas Mathew T . (Managing Director - LIC) A.K. Dasgupta (Managing Director - LIC) Ashok Chawla (Finance Secretary, Ministry of Finance, Govt. of India) G.C. Chaturvedi (Additional Secretary, Department of Financial Services, Ministry of Finance, Govt. of India.) Yogesh Lohiya (Chairman cum Managing Director, GIC of India) T.C. Venkat Subramanian (Chairman & Managing Director. Export Import Bank of India) PowerPoint Presentation: Other Subsidiary Companies under LIC LIC Housing Finance LIC Housing Finance Limited Care Homes Life Insurance Corporation (LIC) of India International LIC Nepal LIC Lanka PowerPoint Presentation: Products Group Scheme Social Security Scheme Children’s Plan PowerPoint Presentation: P lans For Handicapped Dependents E n dowment Assurance Plans Plans For High Worth Individuals PowerPoint Presentation: Money Back Plans Special Money Back Plan For Women Whole Life Plans PowerPoint Presentation: Term Assurance Plans Joint Life Plan Pension Plan PowerPoint Presentation: Golden Jubilee Plan Health Plan Special Plan PowerPoint Presentation: Children Plan For Children of age up to 12 years For meeting Educational and other needs Options :- Sum Assured Maturity Age Benefits Survival Death Auto Cover Premium Waiver PowerPoint Presentation: (a) Minimum Entry Age : 0 years (last birthday) (b) Maximum Entry Age : 12 years (last birthday) (c) Minimum Maturity Age : 23 years (last birthday) (d) Maximum Maturity Age : 27 years (last birthday) (e) Minimum Sum Assured : Rs. 1,00,000 (f) Maximum Sum Assured : Rs. 100,00,000 (g) Policy term : 11 to 27 years (h) Premium Paying term : 6 years and Policy term less 5 years Eligibility Conditions:- PowerPoint Presentation: Payment of Premiums: Yearly Half-yearly Quarterly Salary deductions PowerPoint Presentation: Jeevan Saral Options Sum Assured Maturity Age Launched in 2004 Golden Peacock award winner Flexibility of term- policyholder can choose term from 10yrs to 35yrs A lot of guarantee A lot of liquidity PowerPoint Presentation: Benefits Maturity Loyalty addition Payable in Addition Death Equal to 250 times monthly premium plus return of premiums ( excluding first) plus loyalty additions Full cover remains till the end of the term. Premium holiday : up to 12 months after policy has been enforced for 3 years Loan available after 3 years PowerPoint Presentation: Surrenders No surrender penalty after 5 years Higher Surrender values Retrospectively worded out Loyalty additions payable, if surrendered after 10 years Payment of Premiums : Yearly Half-yearly Quarterly Salary deductions PowerPoint Presentation: Endowment Plus Launched in 2010 For people aged between 7-60 years Investment + Insurance Payment of Premiums:- Yearly Half Yearly Quarterly Monthly Lump sum PowerPoint Presentation: Eligibility Conditions : Benefits : Death Benefit Maturity Benefit Options : Accident Benefit Critical Illness (a) Minimum Age at entry - 7 (age last birthday) (b) Maximum Age at entry - 60 years (age nearer birthday) (c) Minimum Maturity Age - 18 years (completed) (d) Maximum Maturity Age - 70 years (age nearer birthday) PowerPoint Presentation: Awards:- Readers Digest Outlook Money Award for Best Life Insurer CNBC Awaz Consumer Award ET Brand Equity's Most Trusted Asian Leadership Awards CNBC AWAAZ Bombay Chamber of Commerce Star News - Customer Centric Brand Award Global Youth Marketing Award for Most preferred Life Insurance Company World Brand Congress Award for Brand Excellence AIMA High Performance Award PowerPoint Presentation: Thank You!!!