LIC Bhagya Lakshmi 939

By | November 19, 2020

LIC Bhagya Lakshmi Plan 939, Benefits, Features, parameter and Review


LIC Bhagya Lakshmi Plan 939
LIC Bhagya Lakshmi Plan 939

LIC of India new plan launched on 1st. february 2020 which name is LIC’s Bhagya Lakshmi Plan 939 (LIC Table no. 939) is a Non-Linked, Non-Participating, Individual, Life, Micro Insurance, Term Plan with Return of 110% of Premiums on Maturity.

LIC’s Bhagya Lakshmi plan 939 is a limited premium paying, Non-linked, Non-participating Individual, Life, Micro Insurance, savings plan with return of 110% of total amount of premiums payable on maturity.

LIC’s Bhagya Lakshmi Plan 939 (LIC Table no. 939) provides financial protection for the family of the deceased policyholder any time before maturity. The main benefit of this plan is it has the limited premium payment term.

Also Read this : Invest 10K per month & Get Rs 1 Cr returns

Also read this » LIC’s other policy for low income people

Key Features


  • 18 years is the minimum age of entry in this insurance plan.
  • Premiums need to be paid for less number of years than Maturity year
  • Ideal Plan for planning lower class people like farmer, labour etc.
  • Maturity amount is tax free under 10 (10D).
  • 60 days of the grace period is given if you are unable to pay the premium on the due date
  • There is no need for a medical examination in this insurance plan.

LIC’s Bhagya Lakshmi Plan 939 Parameters/Eligibility


Minimum Age at Entry18 Years (Completed)
Maximum Age at Entry42 years (nearer birthday) for Premium Paying Term 5 years
55 years (nearer birthday) for Premium Paying Term 6 to 13 years
subject to Maximum Maturity Age of 65 years
Maximum Age at Maturity65 Years
Premium Paying ModeYearly, Half Yearly, Quarterly, Monthly
Policy TermPremium Paying Term + 2 years
Premium Payment Term5 to 13 years
Basic Sum Assured20,000 and above (in multiple of 1,000) to 50,000
LoanNo Loan available
SurrenderAfter 1 years of premium payment

Also Read this : LIC’s Best Lifetime Money Back plan

Rebates in LIC’s Bhagya Lakshmi Policy 939

Rebate means discount on premium. One rebates in this policy one is Mode Rebate only.

Mode Rebate: Rebate given based on premium payment mode chosen.

Premium Payment ModePercentage(%) Tabular premium
Yearly Mode2%
Half yearly Mode1%
Quarterly and MonthlyNil

Benefits

Maturity Benefits

LIC’s Bhagya Lakshmi Plan 939 Maturity Benefit = On Life Assured surviving to the end of policy term, , “Sum Assured on Maturity” equal to 110% of total amount of premiums payable during the term of the contract shall be payable provided all due premiums have been paid.

The premium referred above shall not include any taxes and extra premium, if any.

Death Benefits

LIC’s Bhagya Lakshmi Plan 939 Death Benefit = On Life Assured’s death before the stipulated Date of Maturity, provided the policy is in-force by paying up-to-date premiums, “Sum Assured on Death” shall be payable; where “Sum Assured on Death” is defined as highest of 7 times of annualised premium or 105% of total premiums paid upto the date of death or Sum Assured.

The premium referred above shall not include any taxes and extra premium, if any

Read also : LIC new Jeevan Anand plan 915 lifetime plan

LIC’s Bhagya Lakshmi Plan 939 Surrender, Loan and Paid-up value.

LIC’s Bhagya Lakshmi Plan 939 Surrender, Loan and Paid-up value details is given below.

Surrender period : Policy can be surrender after 1 years at least 1 full years payment of premiums.

Loan Facility : No Loan facility is available under LIC’s Bhagya Lakshmi Plan 939.

Paid-up value : Once a LIC’s Bhagya Lakshmi Plan 939 policy has completed minimum 1 full years and more premiums paid, and policyholder chooses to stop paying further premiums, it automatically becomes eligible for paid-up value.

Paid-up value formula

Paid-up value = Sum Assured * Total number of premiums paid/Total number of premiums to be paid

Also Read this : Invest 10K per month & Get Rs 1 Cr returns

Additional information

Revival : Policy should be revived before 5 years from last unpaid premiums.

Loan Facility : No Loan facility is available.

Suicide Clause : If Policy Holder Committed Suicide within 12 month from date of taking the policy 80% of paid premium will be returned back. If committed suicide after 1 year. Full Sum assured + Bonus will be paid by LIC to their nominee.

Cooling off Period : Policy holder can return back policy within 15 days from date of receiving the policy.

LIC others Endowment plans

  • LIC बीमा रत्न प्लान 864
    LIC बीमा रत्न प्लान 864 की विशेषताएं, फायदे, उदाहरण पूरी जानकारी हिंदी में Table of Contents LIC बीमा रत्न प्लान 864 की विशेषताएं, फायदे, उदाहरण पूरी जानकारी हिंदी मेंमुख्य विशेषताएं (Key Features)मापदंड (Parameter) LIC बीमा रत्न प्लान 864 में रिबेट (LIC Bima Ratna Plan 864 Rebates)LIC बीमा रत्न प्लान… Read More »
  • LIC Bima Ratna 864
    LIC Bima Ratna Plan 864, Benefits, Features, Parameter, Example and Review Table of Contents LIC Bima Ratna Plan 864, Benefits, Features, Parameter, Example and ReviewKey Features LIC Bima Ratna 864 Parameter / EligibilityRebatesLIC Bima Ratna policy 864 Sample PremiumsMaturity BenefitsSurvival Benefit:Death Benefits LIC of India… Read More »
  • LIC Dhan Rekha 863
    LIC Dhan Rekha 863, Benefits, Features, Parameter, Example and Review Table of Contents LIC Dhan Rekha 863, Benefits, Features, Parameter, Example and ReviewWhat is LIC Dhan Rekha 863? Key Features LIC Dhan Rekha 863 Parameter / EligibilityRebatesMaturity BenefitsSurvival Benefit:Death Benefits LIC of India new plan… Read More »
  • LIC धन रेखा प्लान 863
    LIC धन रेखा प्लान 863 की विशेषताएं, फायदे, उदाहरण, हिंदी में Table of Contents LIC धन रेखा प्लान 863 की विशेषताएं, फायदे, उदाहरण, हिंदी मेंLIC धन रेखा 863 योजना क्या है? मुख्य विशेषताएं (Key Features)मापदंड (Parameter) धन रेखा प्लान 863 में रिबेट (LIC dhan rekha Plan… Read More »

अधिक जानकारी के लिए कृपया संपर्क करें:

बास्पा नंद पंचोली
संपर्क सूत्र-: 9891009400
Email-basupancholi@gmail.com
कार्यालय का पता:-
25, केजी, मार्ग, जीवन प्रकाश भवन
भारत का एलआईसी, शाखा इकाई 117 तीसरा तल,
सी.पी. नई दिल्ली -110001

I hope this information about ” LIC’s Bhagya Lakshmi Plan 939 ” would be liked, if yes then do share it with all your friends on social media so that with the help of you, other people can also read the information of this plan, and He can take advantage of this, any such information is left and if you want to know, then your suggestions and proposals are acceptable and also make a comment in the comment box below! Thank you…….

Leave a Reply

Your email address will not be published.