• LIC Jeevan Surabhi 25 Years Plan

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    Plan Benefits

    Payment Options

    Policy Coverage

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    The LIC Jeevan Surabhi Insurance Plan no. 108 (25 years) is best suited for individuals who are required to draw lump sum amounts regularly when in need, apart from other old age and family related benefits. It is a regular money back with-profits plan for a term of 25 years and a premium paying term of 18 years. By opting for this plan, you can avail a part of sum assured for specified periods, upon survival. Jeevan Surabhi plan offers a life insurance cover throughout the term plan and the cover increases after every five years.

    Eligibility Conditions for LIC Jeevan Surabhi - 25 years

    Minimum entry age 14 years (Last birthday)
    Maximum entry age 45 years
    Minimum maturity age 70 years

    Key Features of LIC Jeevan Surabhi - 25 years

    The following are the key highlights of the LIC Jeevan Surabhi Plan no.108:

    Plan type Money Back Plan
    Plan basis Individual
    Premium paying terms 18 years
    Policy term 25 years
    Premium payment frequency Monthly, quarterly, half-yearly, yearly
    Minimum sum assured Rs.50,000
    Maximum sum assured No Limit

    Benefits of LIC Jeevan Surabhi - 25 years

    The following benefits can be availed if you opt for the LIC Jeevan Surabhi Plan:

    Survival Benefit: The sum assured is paid in parts on survival at the end of specific periods, given in the table below:

    Percentage of Sum Assured Payable
    Duration Payment term - 18 years
    4 20%
    5 -
    8 20%
    10 -
    12 20%
    15 20%
    18 20%

    Maturity Benefit: You are eligible for all the bonuses accrued until the maturity date of your policy term in a lump sum, on survival till that date.

    Death Benefit: On death of the assured person, the sum assured amount, additional cover and bonuses, if any, is payable at once. There is no deduction (from the claim amount) of survival benefits paid before the death of the assured.

    Bonus

    • The LIC Jeevan Surabhi - 25 years plan is eligible for participation in profits of the life insurance business of the corporation. The profits are shared as bonuses to the assured.
    • For every thousand sum assured, you can avail simple reversionary bonuses annually at the end of financial year.
    • If the policy is continued for a certain duration, the assured may also be eligible for an additional bonus.

    Surrender Value: In case of a pre-termination of the policy, the following surrender values are available:

    Guaranteed Surrender Value - You can surrender this policy once the policy term has reached 3 years or more. 30% of the basic premium is provided as the guaranteed surrender value without considering the premium of the first year, provided not a single survival benefit payment has been missed. In case of a missed payment, the guaranteed surrender value will be 30% of the premium payments made on the due date or after the due date of the most recent survival benefit.

    Corporation policy - Surrenders

    • A special surrender value is paid to the assured which is equivalent to or higher than the guaranteed surrender value.
    • The benefit accrued on the surrender is the discount earned on the claim amount in case of its maturity or death. It depends on the number of premium payments made and the duration for which is the surrender value is computed.
    • Premature termination of policy results in a lower surrender value than the total amount paid as premium.
    • The surrender value is reviewed regularly by the corporation, based on factors such as experience, economy and others.

    How the LIC Jeevan Surabhi - 25 years Works

    In the LIC Jeevan Surabhi Plan - 25 years, the duration of the premium payment is 18 years, while the cover provided is for 25 years. If the assured survives till 18 years of the policy's duration, 20% of the Sum Assured is payable to the assured person. However, the assured is still covered until the policy reaches its full maturity and receives bonus as well. In case the life insured loses his or her life during the tenure of the policy, the nominee gets the Sum Assured amount, which goes up by 50% in every five years.

    Riders

    There are certain optional benefits that can be chosen for added protection in the Jeevan Surabhi - 25 years plan. An optional plan can be taken in addition to the basic plan. However, you are required to make additional premium payments to avail the benefits. Accidental Death Benefit is one of the riders offered along with the LIC money back plan.

    This Insurance Company has not partnered with BankBazaar.com. For more details, please visit its website/branch office. The trademarks, logos and other subject matters of intellectual property belong to their respective owners.

    GST of 18% is applicable on life insurance effective from the 1st of July, 2017

    LIC Jeevan Surabhi 25 Years Plan Reviews

  • Page 1 of 50 1 2 3 4 5
    • LIC Life Insurance
      "Good policy"
      0.5 5.0/5 "Blown Away!"
      I have taken life insurance from LIFE INSURANCE CORPORATION OF INDIA and the yearly premium is 30000. The total maturity period is for 20 years. After the maturity period i will get the sum assured and the interest. I mostly do cash payment.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 19, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a life insurance policy with LIC from last 14 years and it is a long term policy. I am happy with the returns and benefits of this policy. I pay my premium once in 3 months by cash and i am convenient with the payment options. The maturity period for this policy is after 23 years.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 19, 2018
    • LIC Life Insurance
      "Better"
      0.5 4.0/5 "Great!"
      I am having the life insurance policy with the Life Insurance Corporation of India. I would like to say that the customer service is fine one for me and the response is also good, also its not necessary. Plan benefits are less with them.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 19, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 5.0/5 "Blown Away!"
      I took this life insurance jeevan policy from Lic insurance company mainly because of the good returns. The tenure period is 20 where the policy covers till 60 years . Am doing my payment yearly through on-line banking this policy covers accidental benefits and critical illnesses .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 19, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I took life insurance jeevan policy from Lic insurance company mainly because of the good returns, its 20 years of tenure period , the payment am doing through on-line monthly . There customer service and customer response is good .This policy covers accidental and critical illness coverage .
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jun 19, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have taken life insurance Money back policy from Life insurance Corporation of India. Am satisfied with the premium amount of Rs 7000 which has the tenure period of 20 years . There customer service and response is good. Overall am satisfied with the policy.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jun 19, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I've a life insurance policy with the LIC. It offers Accidental and Life coverage in one policy . I pay a premium of Premium 4900 per year. I make payments via Cheque and online LIC website. I never faced any issue with the policy so far. Overall ti has been a good experience with their services.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've an insurance policy with the LIC. I make payments via the LIC website . I also got loans out of the policy for 60000 and the whole process of loan application was quick and got the loan amount with in 3 working days. Overall it has been a smooth experience with the LIC policy.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've a life insurance policy with the LIC. The tenure of the policy is 20 years. I am paying the premium of quarterly 5000. The sum assured is 1 lac. The payment options are also smooth. I never had any issues with their services. LIC is a recommendable insurance provider.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've a life insurance policy with the LIC. I have been using their services for a while. It is too easy to make payments and never faced any issues with the policy so far. Being a government company the security for your investment is certainly there with the LIC and it is a recommendable insurance provider.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've a life insurance policy with the LIC. Their service is great, I make payments via LIC website. I have paid a lump-sum premium of 70000 and I never faced any issues with their services. Their new payment platform is also very useful and intuitive.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Average policy"
      0.5 3.0/5 "Satisfactory"
      I have taken Life insurance Money back from life insurance corporation of India . Am not satisfied with the premium amount which am paying . Their customer service and response is good . They did quick documentation. It has good returns with good benefits.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have taken life insurance jeevan policy from Life insurance corporation of India . This policy covers with accidental coverage and critical illness coverage . This is good policy with good benefits . Overall am satisfied with customer service and response . I have choose tenure period of 20 years and make the payment yearly through on-line net banking.
      Was this review helpful? 0
      , noida
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a life insurance policy with LIC from last 10-12 years and it is a long term policy. I am happy with the returns and benefits of this policy. I pay my premium once in 6 months through direct payment and i am convenient with the payment options. The name of this policy is Jeevan anand and the maturity period is after 15 years.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "LIC is old company with new services"
      0.5 5.0/5 "Blown Away!"
      I'm regularly paying the premium. I came to know about the policy through agent. I use to payment through net banking. I will get the sum assured amount of Rs. 50 Lakhs. I use to pay the premium amount of Rs. 16000. I have opted for the premium yearly once.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a life insurance policy with LIC from last 2 years and it is a long term policy. The tenure for this policy is 15 years. I pay my premium once in 6 months through net banking and i am convenient with the payment options. I am happy with the returns and benefits of this policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "They have to change the agent for their policies. "
      0.5 1.0/5 "Really Bad"
      I don't find any offers from LIC. I did not paid the premium properly. I never called up the LIC customer care services. They committed many benefits when i take the policy from them. But they did not provide anything after that. I have paid only one premium with the amount of Rs. 5000 for my pension policy. I don't remember the benefits of the policy now. Agent who works in LIC makes lots of people fool.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good policy to take"
      0.5 5.0/5 "Blown Away!"
      It is very old policy. I have taken the policy 8 years back. I'm paying the premium six month once. I don't remember the sum assured amount and all. Death Coverage, Risk Coverage is available. Every 5 years i will get some money from them. Once the tenure is over, i will get the whole money. Tenure period of this policy is 15 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 4.5/5 "Excellent!"
      I've been using the Jeevan Anand policy for a while. I am paying the premium of 25000 per year, it offers coverage for me and wife. The tenure is 15 years and I make payments via agent. Overall I never faced any issues with their services. The branch services are also good.
      Was this review helpful? 0
      , thane
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "BEST"
      0.5 5.0/5 "Blown Away!"
      I am having a plan called MONEYBACK from the LIC. I am holding it since 14 years. It is a short term of 15 years. The documents i have done physically. I had got no loan from my insurance. I am getting the money back in the 5th year. I would be getting the 3 lakhs as the summer shot.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 17, 2018
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