Insurance Clinic

LIC's NEW JEEVAN ANAND

Price:Depends upon age

LIC's New Jeevan Anand Plan is a participating non-linked plan which offers an attractive combination of protection and savings. This combination provides financial protection against death throughout the lifetime of the policyholder with the provision of payment of lumpsum at the end of the selected policy term in case of his/her survival. This plan also takes care of liquidity needs through its loan facility.

1. Benefits:

Death benefit :

Provided all due premiums have been paid, the following death benefit shall be paid:

On Death during the policy term: Death benefit, defined as sum of Sum Assured on Death and vested Simple Reversionary Bonuses and Final Additional bonus, if any, shall be payable. Where, Sum Assured on Death is defined as higher of 125% of Basic Sum Assured or 10 times of annualised premium. This death benefit shall not be less than 105% of all the premiums paid as on date of death.

The premiums mentioned above exclude service tax, extra premium and rider premiums, if any.

On death of policyholder at any time after policy term: Basic Sum Assured

Benefits payable at the end of Policy Term: Basic Sum Assured, along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable in lump sum on survival to the end of the policy term provided all due premiums have been paid.

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 during policy term provided the policy is in full force.

Final (Additional) Bonus may also be declared under the plan in the year when the policy results into death claim during the policy term or due for the survival benefit payment provided the policy is in full force and has run for certain minimum term.

2. Optional Benefit:

LIC's Accidental Death and Disability Benefit Rider: LIC's Accidental Death and Disability Benefit

LIC's Jeevan Lakshya

Price:Depends upon age

LIC's Jeevan Lakshya is a participating non-linked plan which offers a combination of protection and savings. 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 irrespective of survival of the Policyholder. This plan also takes care of liquidity needs through its loan facility.

Benefits:
Death Benefit:
On death of the Life Assured before the stipulated Date of Maturity provided the policy is in full force by paying upto-date premiums, Death Benefit, defined as sum of “Sum Assured on Death”, vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable.

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.

Premiums referred above exclude tax, extra premium and rider premium(s), if any.

Maturity Benefit:
“Sum Assured on Maturity” equal to Basic Sum Assured, along with vested Simple Reversionary bonuses and Final Additional bonus, if any, shall be payable in lump sum on survival to the end of the policy term provided all due premiums have been paid.

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

HAPPY FAMILY FLOATER HEALTH INSURANCE POLICY

Price:Depends upon age

This is a Health Insurance Policy for entire Family

Floater implies single Sum Insured for entire family residing in India.
Family includes Self, Spouse, Children, Parents and Parents in laws.
Available in two plans Silver and Gold.

Now you can buy and renew policies Online. Buy a new Family Health Insurance plan or Renew an existing Oriental Insurance Happy Family Floater Health Insurance policy by registering yourself on our Portal and paying online through your debit card / credit card or Net-banking. To check out various online facilities available, you may login on the Portal.
Salient features of the policy
• A floater providing Health Care solution to the proposer and his / her family under one sum insured under one policy.
• The sum insured floats over all the beneficiaries under the policy.
• No medical examination for persons upto the age of 60 years.
• Pre-existing conditions cover after four consecutive renewals with the Company.
• Coverage under two options - SILVER and GOLD Covers.
• SILVER offers sum insured slabs of 1 to 5 lacs
• SILVER is subject to 10% Co-pay
• GOLD offers sum insured slabs of 6 to 10 lacs.
• This Health Care Policy covers the hospitalization expenses for the covered diseases / accident upto specific limits.
• GOLD plan offers as an inbuilt cover daily cash allowance and attendant allowance upto limits specified.
• Personal Accident cover is offered as add on cover under both the covers. In addition GOLD cover offers add on cover of life hardship survival benefit.
• Discount in OMP premium when Happy family floater Health Insurance policy is taken.
• Option of TPA and non TPA services.
• Discount in premium if TPA services not opted.

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Coverage under the Family Floater Health Insurance policy
The following reasonable and necessary expenses (subject to limits) are payable under the policy for various benefits:
A. HOSPITALISATION BENEFITS
BENEFIT SILVER PLAN
(Limit of Reimbursement )

MOTOR INSURANCE

Price:Depends upon Vehicle

You work hard to buy an automobile so as to enjoy the trips and may be to support the business needs. An uncertainty can occur anytime leading to heavy losses. The costs to get the vehicle repaired in the event of damage or replacing it just in case it is stolen can be huge. Hence it is most needed to buy an appropriate comprehensive policy cover.

We at Oriental Insurance understand the needs and offer Comprehensive Motor Insurance products that provide the added protection for your vehicle. It further provides cover for liability, death or property damage of third parties.

Now you can buy and renew policies Online. Buy a new Motor Vehicle Insurance policy, Renew an existing Oriental Motor Insurance policy or renew policies bought from any other general insurance company by registering yourself on our Portal and paying online through your debit card / credit card or Net-banking. To check out various online facilities available, you may login on the Portal.
TYPES OF MOTOR INSURANCE:

MOTOR PACKAGE INSURANCE POLICY FOR TWO WHEELER:
What is covered under Two Wheeler Insurance Policy:

The Package Policy covers

1. Accidental Loss of or damage to the Vehicle

2. Liability to third parties, Personal accident cover to owner driver.

3. Various Add on Covers on extra premium

Loss or damage to two wheeler caused by :

4. Accidental external means.

5. Burglary, House Breaking or Theft.

6. Fire, Explosion, Self Ignition & Lightening.

7. Earthquake, Flood, Storm, Landslide or Rockslide, Inundation, Terrorism, Riots, Strikes, Malicious Acts

8. Transit by Road, Rail, inland waterways, air or lift.
What is the Amount of Insurance: Top
The amount of Insurance will be Insured Declared value of the Vehicle (IDV). IDV for vehicle less than five years old is the Manufacturers listed selling Price which is adjusted for Deprecation based on age of Vehicle. For vehicles beyond five years of age and obsolete vehicles, the IDV is mutually agreed

HDFC Life Click 2 Protect Plus - Term Insurance Plan

Price:Depends upon age

HDFC Life Click 2 Protect Plus provides Comprehensive Protection to you & your family with choice of Plan Options
The Plan provides you with four cover options:
Life Option – Lump sum payout of Death Benefit
Extra Life Option (Accidental Death Benefit) – Lump sum payout of Death benefit in addition extra Sum Assured is paid in case of death due to accident.
Income Option – Part of Sum Assured payable on death and the remaining payable as monthly income for 15 years
Income Plus Option – Sum Assured paid on death & monthly income paid for next 10 years. The monthly Income can be chosen as Level or Increasing at 10% p.a.
Under Life Stage Protection Feature you have an option to Increase your Insurance Cover on certain key milestones of your Life like Marriage, Child Birth without fresh medical test
Flexibility to choose your policy term of 10 to 40 years as per the cover required
Option of Regular , Limited & single Premium Payment Term
Rewards you for healthy lifestyle with lower premium rates for non-tobacco users
Option to pay premiums annually, half-yearly, quarterly or monthly for Regular & limited premium paying term policy

Death Benefit under the plan is:

Single Premium Policy: Higher of :
125% of Single Premium
Sum Assured
Regular Premium Policy: Higher of :
10 times the annualized premium
105% of all the premiums paid as on date of death
Sum Assured
Life Option: The death benefit specified above is paid as lump sum on death.
Extra Life Option(Accidental Death Benefit): In addition to the death benefit mentioned above an additional benefit equal to Sum Assured is payable in case of death due to accident
Income Option:
10% of the Death Benefit paid as a lump sum upon death
remaining 90% of the Death Benefit shall be paid as monthly income over next 15 years (0.5% of Death Benefit every month for 15 years)
Income Plus Option:
100% of the Death Benefit specified above shall be paid as a lump sum upon death
In addition, a monthly inco