+91 9998272519 Jayesh@licadvisor.in

HEALTH WALLET FAMILY – Apollo Health Insurance Plan


Our first of a kind Health plan with a unique Reserve Benefit which can be used for OPD expenses, any non-payable items under health insurance claim or to pay upto 50% of your renewal premium. Your Reserve Benefit will keep on increasing every year and any unutilized balance under this benefit will be carried forward to next year with 6% bonus.

The option to convert the plan to a full-fledged Indemnity Health Insurance plan without re-evaluation of health status or any pre policy check if Insured Person has been insured with Us for first time under this Policy before the age of 50 years and has policy has been renewed with us for continuous 5 years.

This plan also comes with additional benefits like Restore benefit, that automatically reinstates the basic sum insured in case you exhaust it in a policy year and multiplier benefit which rewards you for every claim free year.

Read Fact File : 

Basic Sum Insured per Insured Person per Policy Year (Rs. in Lakh) 3, 5, 10, 15, 20, 25 & 50
1a) Inpatient treatment Covered
1b)Pre-hospitalisation Covered, upto 60 days
1c) Post-Hospitalization Covered, upto 90 Days
1d) Day Care Procedures Covered
1e) Domiciliary Treatment Covered
1f) Organ Donor Covered
1g) Ambulance Upto Rs.2,000 per Hospitalisation
1h) Ayush Treatment
This benefit is not applicable if optional Deductible is chosen
1i) Recovery Benefit
This benefit is not applicable if optional Deductible is chosen
Rs 10,000 for hospitalisation exceeding consecutive 10 days
1j) Worldwide Emergency Care 50% of Sum Insured upto a maximum of Rs.20 lacs
2) Restore Benefit Equal to 100% of Basic Sum Insured
3) Preventive Health Check-up As per grid mentioned in the benefit
4) Multiplier Benefit Bonus of 50% of the Basic Sum Insured for every claim free year, maximum upto 100%. In case of claim, bonus will be reduced by 50%  of the Basic Sum Insured at the time of renewal
5) Reserve Benefit per Insured Person per Policy Year ( Rs) 5000, 10000, 15000, 20000 & 25000
6) Deductible (Optional) per Insured Person per Policy Year ( Rs in Lakh) 2, 3, 5 & *10
*10 deductible available for SI of 20 lacs and above
7) Optional Rider – Critical Advantage Cover per Insured Person per Policy Year ( USD)
Offered with base policy Sum Insured of Rs. 10 lacs & above
USD 250,000, USD 500,000 & USD 10,00,000
Offered if base policy Sum Insured is Rs. 10 lacs & above Illness covered under the rider are as following
a. Cancer Treatment:
b. Coronary Artery by-pass surgery:
c. Heart Valve replacement or repair:
d. Neurosurgery:
e. Live-donor organ transplant:
f. Bone Marrow Transplant:
g. Aorta Graft Surgery
h. Pulmonary artery graft surgery

Pradhan Mantri Vaya Vandana Yojana

Pradhan Mantri Vaya Vandana Yojana: A Government of India Scheme exclusively for Senior Citizens administered by LIC of India.

Pradhan Mantri Vaya Vandana Yojana

LIC Jeevan Shiromani Plan (847) Details

New LIC Plan Jeevan ShiromaniLIC Jeevan Shiromani (Plan 847). LIC’s Jeevan Shiromani is a power packed Money back plan specially designed for High Net-worth Individuals (HNI’s). This plan is so unique, with several innovative features which is not available in any other plans from LIC of India.

LIC Jeevan Shiromani (Plan 847) – Key features.
  • Minimum Basic Sum Assured of the plan shall be Rs. 1,00,00,000 (One Crore).
  • Guaranteed Additions at the rate of Rs. 50 per thousand Sum Assured for the first five years and Rs. 55 per thousand Sum Assured for the remaining years shall be accrued to the policy.
  • The policy shall participate in the profit of the corporation in the form of loyalty additions. Loyalty Additions shall be available at the time of exit from the policy, due to death claim or maturity and is after a premium payment and completion of 5 full years.
  • The plan has an inbuilt Critical Illness Benefit coverage for fifteen specified critical illnesses.
  • Policy term can be opted from 14, 16, 18 and 20 years.
  • Premium paying term will be four years lesser than the term of the plan opted.
  • Survival benefits available under the plan can also be deferred, as per the wish of the policy holder, which adds to the flexibility of the plan.
  • Settlement option for 5, 10 or 15 years shall be available for maturity as well as death benefits under the plan.

Plan Parameters

Age at Entry 18 years (Completed)
Calculate your Age
Policy Term (Premium Paying Term) 14(10), 16(12), 18(14), 20(16)
Maximum Age at Entry in Years)
(As per Nearest Birthday)
55 Years for 14 Year Term
51 Years for 16 Year Term
48 Years for 18 Year Term
45 Years for 20 Year Term
Basic Sum Assured 1,00,00,000 and above in multiples of 5,00,000
Premium Paying Mode Yearly, Half Yearly, Quarterly & Monthly (SSS and NACH Only)
Premium Payment Mode rebate 2% on yearly, 1% on Half Yearly, Nil on Quarterly & Monthly


Money Back and Maturity

The plan provides Guaranteed additions (GAs) at the rate Rs 50 per thousand of Sum Assured for first 5 policy years and Rs. 55 per thousand of sum assured from 6th year till the year of last premium payment and one time loyalty addition on maturity. During the policy term, this plan provides two fixed money backs (as certain percentage of Sum Assured) and on completion of policy term, maturity will be Sum Assured + Guaranteed additions (GAs) + Loyalty Addition (LA). Following table provides money backs and maturity details of all term available in this plan.

Policy Term (Years) 1st Money Back 2nd Money Back Maturity Details
(on completion of policy term)
14 30% of SA at end of 10th policy year 30% of SA at end of 12th policy year 40% of SA + GAs + LA
16 35% of SA at end of 12th policy year 35% of SA at end of 14th policy year 30% of SA + GAs + LA
18 40% of SA at end of 14th policy year 40% of SA at end of 16th policy year 20% of SA + GAs + LA
18 45% of SA at end of 16th policy year 45% of SA at end of 18th policy year 10% of SA + GAs + LA

In above table, SA is Basic Sum Assured or simply Sum Assured

Risk Cover and Death Benefit

In case of death during first 5 year of policy, the death claim will be Sum Assured (Basic Sum Assured) + Guaranteed Addition (GAs).

In case of death after completion of 5 policy years and before maturity, the death claim will be Sum Assured (Basic Sum Assured) + Guaranteed Addition (GAs) + Loyalty Addition (LA).

New LIC Plan – Jeevan Shiromani – જિવન શિરોમણિ (યોજના – 847)

jeevan Shiromaniજિવન શિરોમણિ (યોજના – 847)
(19 મી ડિસેમ્બર 2017 પર લોન્ચ થશે)

# નોન-લિન્ક્ડ
# નફાસાથે
# મર્યાદિત પ્રીમિયમ ચુકવણીની મુદત
# પૈસા પરત(મની બેક)
ન્યૂનતમ એસ.એ.: રૂ. 1 કરોડ
(ત્યારબાદ 5 લાખના ગુણાંકમાં)
મહત્તમ SA ની મર્યાદા નથી.
ન્યૂનતમ ઉંમર: 18 વર્ષ પૂર્ણ
પોલિસી ટર્મ: 14, 16, 18 અને 20 વર્ષ
પ્રિમ પેઇંગ ટર્મ: (પોલિસી ટર્મ – 4)
14, 16, 18 અને 20 ની શરતો માટે અનુક્રમે 55, 51, 48 અથવા 45 * પ્રવેશના માટે મહત્તમ ઉંમર.

બધા મોડ્સ માન્ય

ગેરેંટેડ એડિશન:
રૂ .50 / – દર 1000 SA માટે પ્રથમ 5 વર્ષ
બાકીના પીપીટી માટે 1000 એસએ દીઠ રૂ. 55 / –

લાભો :
5 વર્ષ દરમ્યાન મૃત્યુ: એસ.એ + જી.એ
5 વર્ષ પછી મૃત્યુ *: એસ.એ. + જીએ + એલ.એ.

ડેથ મૂળ એસ.એ ના*: 110 ટકા બી.એસ.એ. અથવા 10 ગણો એ.પી. અથવા 105% પ્રિમીયમ ચૂકવેલના.
જે વધુ હશે તે

સર્વાઇવલ બેનિફિટ્સ:
14 વર્ષ ટર્મ માટે: 10 મી અને 12 મી વર્ષમાં બીએસએના 30%
16 વર્ષની ટર્મ માટે: 35% 12 મી અને 14 મી વર્ષે
18 વર્ષ ટર્મ માટે: 14% અને 16 મી વર્ષે 40%
20 વર્ષ ટર્મ માટે: 16% અને 20 મી વર્ષમાં 45%
પાકતી મુદત પર એસએ: જીએ + એલએ સાથે બાકી રહેલ એસ.એ.

# ઇનબિલ્ટ ક્રિટીકલ ઇલનેસ
(15 ક્રિટિકલ રોગોના નિદાન પર 10% બીએસએસ + 2 વર્ષનું પ્રીમિયમ હોલિડે)
# 1 વાર્ષિક પ્રીમિયમ પછી ચુકવેલ અપ
# ડેટિંગ બેક લીન મંથ માન્ય
# 1 કરોડનો વધારાનો અકસ્માત લાભ.
# સમાધાન વિકલ્પ
# એસ.બી. પછીથી વ્યાજ સાથે લઈ શકાય છે.
Call or Whatsaap 9998272519


To provide Security and Safety

  • In general Insurance, the property can be insured against any contingency i.e. fire, earthquake etc.
  • The uncertainty due to fire, accident, death, illness, disability in the human life, is compensated financially by general insurance.
  • Insurance is the only way to assist and provide adequate cover at the time of sufferings.
  • General Insurance provides only protection to the human life and property respectively.


Companies conducting insurance business are known as ‘Insurers’. Insurers bring together persons exposed to the same risk by collecting premium from them and pay compensation to those who suffer. The insurer on the lines explained in examples determines premium. Insurer’s role is that of a trustee and has to ensure that nobody takes undue advantage of the arrangement.In a nutshell both underwriting and claim settlement are to be done with great care.


Various laws, passed by the state for this purpose involve the use of insurance, compulsory or voluntary, as a tool of social security. The Employees State Insurance Act, 1948 provides for the Employees State Insurance Corporation to pay the expenses of sickness, disability, maternity and death and for the maintenance of hospitals, dispensaries, etc. for the benefit of industrial employees and their families, who are insured persons.The scheme operates in certain industrial areas as notified by the government.

Social security is an obligation of the state. Subject has been included in list III of the seventh schedule of the constitution of India as “Social Security and Social Insurance” and “Welfare of labour including, inter alia, liability for workmen’s compensation, etc.” Further, Article 41 of the Directive Principles of State Policy called upon the state to make provision for public assistance in the case of, inter alia, sickness and disablement and in othercases of undeserved want.

Insurers play an important role in the social security schemes sponsored by the government i.e. Solatium Fund, the Personal Accident Social Security Scheme and the Hut Insurance Scheme. The Crop Insurance Scheme (RKBY) is also of social significance.

Rural insurance schemes are designed to provide social security to the rural families. The insurance companies have introduced special insurance schemes, at subsidised rates of premium to cover cattle and other livestock for the beneficiaries of IRDP and various other government sponsored programmes and financial institutions.

Companies of their own also offer on commercial basis insurance covers, which have the objective of social security. Examples: Janata Personal Accident, Jan Arogya, Bhavishya Arogya, Raj Rajeshwari Mahila Kalyan Yojna, etc.


Insurers play a vital role in mobilizing funds for economic developments of the country. Savings out of insurance fund are utilized in investments for economic growth.

Strength of insurance company lies in that of huge amount collected and pooled together. This so collected amount is called premiums. This is known as pooling of risks.

The very existence of risk that is uncertainty concerning the future is a severe handicap in economic activities. Insurance removes the fear, worry and anxiety associated this future uncertainty and thus encourages free investment of capital in business enterprises and promotes efficient use of existing resources. Thus insurance encourages commercial and industrial development and thereby contributes to a vigorous economy and increased national productivity.

These days organization of industries, commerce and trade depends on insurance, because no bank or financial institutions lend money without having insurance cover as collateral security. Insurers are closely associated with agencies and institutions engaged in fire loss prevention, cargo loss prevention, and Industrial and road safety. Insurers have established Loss Prevention Association of India with intention of creating awareness of need of loss prevention and implementing loss prevention measure in various sectors.

Before acceptance of risk, insurer arranges for the survey and inspection of the property to be insured by a qualified engineer and other experts not only to evaluate but also to suggest improvements to avoid losses, which in turn, not only reduces the rates but also reduces the loss potentials.

Insurance ranks with export trade, shipping and banking services as earner of foreign exchange to the country. Insurers are also operating in foreign countries and earning foreign exchange and represent invisible export.

Cattle and other livestock and also equipment like pump sets are rural business. Various rural schemes provide necessary financial protection against loss or damage to poor farmers and other peoples of weaker section of society.

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