LIC Jeevan Shiromani Big Plan: Through LIC Jeevan Shiromani Plan, you can create a fund of Rs 1 crore in 4 years. However, here you have to pay more premium amount.
LIC Jeevan Shiromani Good Plan: If you want to take big funds by investing heavily. So Life Insurance Corporation of India has brought a great plan for you. The country’s most trusted life insurance policy provider company is LIC, which is very popular among the people. LIC keeps on coming up with some different policies every year. LIC has tremendous policies for people of all ages.
What is the scheme? Read Carefully
LIC also has many such schemes, from which you can prepare a good fund on maturity. One such policy is LIC Jeevan Shiromani Policy. Through this policy, you can create a fund of Rs 1 crore in 4 years. However, here you will have to pay more premium amount.
This policy of LIC is beneficial for these people, it was started in the year 2017. It is a non-linked, individual, life insurance savings plan. This is a money back plan with a minimum basic sum assured of Rs 1 crore. This policy has been made keeping in mind the High Net Worth Individuals (HNI).
This will be so Basic Sum Assured
In LIC Jeevan Shiromani policy, Basic Sum Assured for 5 years is available at the rate of Rs 50 per thousand. After this, basic sum assured is available at the rate of Rs 55 per thousand from the sixth year till the premium paying term. Also, profits in the form of loyalty additions are also included with this policy.
Investment Term
Basic Sum Assured in Jeevan Shiromani policy is Rs 1 crore. For this, the customer will have to invest for 4 years. After that the returns will start getting. Talking about the investment amount, the customer will have to deposit around Rs 94,000 every month.
How to pay the premium In
LIC Jeevan Shiromani Policy, policyholders can invest money for 14, 16, 18 and 20 years. Policyholder can pay premium on Monthly, Quarterly, Half Yearly and Yearly basis.
This is the age
of investment The minimum age to invest in LIC Jeevan Shiromani policy is 18 years. Talking about the maximum age and duration of investment in the policy, then investors of 45 years can invest for 20 years. People of 48 years can invest till 18 years. People of 51 years can invest till 16 years and people of 55 years can invest till 14 years.
Loan can be taken
In this scheme, LIC gives the facility to the customers to take a loan. To get the loan, the customer has to pay the premium for a minimum period of 1 year subject to certain conditions. Loan facility is available only after completion of minimum one policy year.
This is Death Benefit
In this policy, the policyholders get “Sum Assured on Death” along with guaranteed additions on death during the first 5 years. At the same time, on death after completion of 5 years but before maturity, “Sum Assured on Death” along with Guaranteed Additions and Loyalty Additions are available.
This is Maturity Benefit Maturity Benefit is
available on the survival of the life assured till the end of the policy term. This includes “Sum Assured on Maturity” as well as Guaranteed Addition and Loyalty Addition (if any), payable. Here the “Sum Assured on Maturity” is as under:
1. 40% of Basic Sum Assured for 14 years.
2. 30% of Basic Sum Assured for 16 years.
3. 20% of Basic Sum Assured for 18 years.
4. 10% of Basic Sum Assured for 20 years.
