non-participating life insurance plans

LIC Bima Jyoti (Plan 860): Review

February 22, 2021 by Deepesh Raghaw 8 Comments

LIC has launched a new life insurance plan, LIC Bima Jyoti (Plan 860). LIC Bima Jyoti is a non-linked, non-participating, limited premium payment life insurance plan. Let us review this plan and see if you should invest. LIC Bima Jyoti (Plan 860): Salient Features Non-linked: It is not a ULIP. It is a traditional life insurance plan.Non-Participating: This means that you … [Read more...] about LIC Bima Jyoti (Plan 860): Review

Non-Participating Traditional Life Insurance Plans: Why this fixation with Sum Assured?

May 29, 2017 by Deepesh Raghaw 14 Comments

With non-participating traditional life insurance plans, returns are known upfront. Unlike participating plans such as LIC New Jeevan Anand, the final outcome depends on annual bonuses and final bonus. There is no such concept in non-participating plans. The name (non-participating) itself suggests that the policyholders will not participate in the profits on the insurance … [Read more...] about Non-Participating Traditional Life Insurance Plans: Why this fixation with Sum Assured?

PFP Primer: Participating and Non-Participating Life Insurance Policies

March 22, 2017 by Deepesh Raghaw 2 Comments

A Participating life insurance plan, as the name suggests, participates in the profits of the insurance company. So, if you hear about simple reversionary bonuses, final additional bonus, and loyalty additions, you are most likely looking at a participating plan. LIC New Jeevan Anand is a Participating, non-linked life insurance plan. Clearly, the benefits are not guaranteed … [Read more...] about PFP Primer: Participating and Non-Participating Life Insurance Policies

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