General and LIFE Insurance

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What is Car Insurance Renewal?

Every car insurance policy is valid only for a fixed tenure which may be 1 year, 3 years or 5 years after which it needs to be renewed. A car insurance renewal is essential to continue enjoying the benefits of the policy cover for your car.

You can get your car insurance policy renewed by any National,Bajaj Alliance and IFFCO Tokio
insurance - be it the one from which you previously purchased a policy or a new insurer.

LIFE Insurance Jeevan Lab

To,
Mr/Mrs/Ms : XYZ

Plan : LIC's Jeevan Labh (836)

Age :37
Term :21
P.P.T. :15
D.A.B. : 2500000
Death Sum Assured :2500000
Basic Sum Assured :2500000

1st year Premium With TAX 4.5% :
Yearly : 142068 (135950 + 6118)
Halfly : 71765 (68675 + 3090)
Quarterly : 36249 (34688 + 1561)
Monthly(ECS) : 12083 (11563 + 520)
YLY Mode Average Prem/Day : 389

After 1st year Premium With TAX 2.25% :
Yearly : 139009 (135950 + 3059)
Halfly : 70220 (68675 + 1545)
Quarterly : 35468 (34688 + 780)
Monthly(ECS) : 11823 (11563 + 260)
YLY Mode Average Prem/Day : 380

Approximate Tax Saved Every Year : 42620

Total Approximate Paid Premium : 2088194

Approximate Return at Maturity Time :

S.A. : 2500000
Bonus : 2467500
F.A.B. : 250000
Total Approximate Return : 5217500

Medical Requirement :
FMR, SBT-13, RUA, Hb%