LIC Policy: Jeevan Shiromani Plan of LIC is a non-linked, limited premium payment money back plan. This is a market linked scheme. This is a very good policy option for the people of high income group.
LIC Jeevan Shiromani Plan: The country’s largest and oldest insurance company LIC (Life Insurance Corporation) is still trusted by millions of people of the country.
From time to time, the company brings many such plans which help people to do better future planning. LIC has one such plan which has been named Policy Jeevan Shiromani Plan.
This is a very great plan of LIC, through which you can make good savings in very few days. Let us tell you that LIC’s plan (Jeevan Shiromani Plan Benefits) is a non-linked plan. In this plan, the insured gets a return of at least Rs 1 crore. This is one of the best and best policy of LIC.
Know what is Jeevan Shiromani Plan?
LIC’s Jeevan Shiromani plan is a non-linked, limited premium payment money back plan. This is a market linked scheme. This is a very good policy option for the people of high income group. Along with this, it gives cover for serious diseases.
Financial support from the policy
Jeevan Shiromani plan If the policyholder dies during the policy, then his family can get financial support in the form of death benefit.
At the same time, on the survival of the insured, the payment is received at a fixed time. At the same time a lump sum amount is given on maturity.
Survival Benefit is available
- On this plan, the survival benefit i.e. this money is available on the survival of the insured
- 14 year policy -10th and 12th year 30-30 percent of Sum Assured is available.
- 16 year policy -12th and 14th year get 35-35 percent of Sum Assured.
- 18 year policy -14th and 16th year 40-40 percent of Sum Assured is available.
- 20 year policy -16th and 18th year get 45-45 percent of Sum Assured.
Here are the terms of the policy
- Minimum Sum Assured – Rs 1 Crore (Keep in mind Sum Assured will be in Multiples of 5 Lakh)
- Policy Term-14, 16, 18 and 20 Years
- Till when premium has to be paid – 4 years
- Minimum policy age – 18 years
- Also you can take 14 years policy up to 55 years, 16 years policy up to 51 years, 18 years policy up to 48 years and 20 years policy up to 45 years can take.
- Maximum Sum Assured – There is no limit.
