- LATEST
- WEBSTORY
- TRENDING
PERSONAL FINANCE
Get benefit of Rs 1 crore with LIC's Jeevan Shiromani Plan, check all details here
This plan also provides cover for critical illnesses and there are three optional riders available in it.
Updated : Aug 04, 2021, 04:59 PM IST | Edited by : Abhishek Sharma
 "Insurance")
TRENDING NOW
)
Meet Indian genius, IIT graduate who left Rs 1 crore salary job for UPSC exam, secured AIR 1 in 1st attempt, posted in..
)
Nita Ambani, Isha Ambani play dandiya with Jeh Ali Khan, classmates during Dussehra Assembly, check viral pics
)
Meet 'world's sexiest woman', actress who worked in B-grade films, dated Rohit Sharma; later quit Bollywood to become...
)
Bigg Boss 18 contestants final list with names and photos
)
Two years after daughter Raha's birth, Alia Bhatt reveals her plans to have second baby with Ranbir Kapoor
)
This man finished PhD at just 21, was IIT professor at 22, was later sacked from IIT Bombay because...
)
10 times XXX show actress Aabha Paul raised temperature with swimwear pics
)
Who was Baba Siddique, murdered NCP leader that was instrumental in Shah Rukh Khan-Salman Khan patch up
)
Baba Siddique dead: What was Mumbai slum redevelopment scam in which ED attached Rs 462 crore properties of NCP leader
)
Post-mortem report of Malaika Arora's father Anil Mehta reveals real cause of death: 'He died due to...'
)
Shilpa Shetty breaks down, Salman Khan cancels shoot; celebs rush to Lilavati hospital after Baba Siddique shot dead
)
Mukesh Ambani's Jio offers mega plan, 2GB data per day, unlimited calls at just Rs...
)
Jigra box office collection day 2: Karan Johar, Alia Bhatt's film fails to prove Divya Khosla wrong, earns Rs...
)
Mukesh Ambani, Nita Ambani live on 27th floor of Rs 15000 crore Antilia due to...
)
This actor once earned just Rs 75, then worked in superhit film rejected by SRK, is now superstar with net worth of..
If you are planning to invest, then LIC's Jeevan Shiromani Plan is a good option for you. Here, you will get good profit as LIC has prepared the policy keeping all the people in mind. The Jeevan Shiromani Plan offers both protection and savings.
The Jeevan Shiromani Plan is a non-linked plan. In this, you get a guarantee of at least 1 crore of the sum assured. LIC keeps on offering many good policies to its customers to secure their lives.
What is the complete plan?
LIC had started Jeevan Shiromani (Table No. 847) on December 19, 2017. This is a non-linked, limited premium payment money back plan. It is a market-linked benefit scheme and is specially made for HNI (High Net Worth Individuals). This plan also provides cover for critical illnesses. Also, there are three optional riders available in it.
The plan provides financial support to the policyholder's family in the form of death benefit during the policy term. In this policy, the facility of payment has been given during the fixed period in the event of survival of the policyholders. Apart from this, a lump sum amount is also given on maturity.
Survival Benefit i.e. a fixed payout is made on the survival of the policyholders. Below is the payment process.
1. 14 Year Policy -10th & 12th Year 30-30% of Sum Assured
2. 16 Year Policy -12th and 14th year 35-35% of Sum Assured
3. 18 Year Policy -14th & 16th Year 40-40% of Sum Assured
4. 20 Year policy -16th and 18th year 45-45% of the sum assured.
The speciality of this policy is that during the policy term, the customer can also take a loan on the basis of the surrender value of the policy. This loan will be available only on the terms and conditions of LIC. Policy loan will be available at the rate of interest to be decided from time to time.
Terms and conditions
1. Minimum Sum Assured – Rs 1 crore
3. Maximum Sum Assured: No Limit (Basic Sum Assured will be in multiples of 5 lakhs.)
3. Policy Term: 14, 16, 18 and 20 years
4. Till when the premium has to be paid: 4 years
5. Minimum age for entry: 18 years
6. Maximum age for entry: 55 years for a policy of 14 years; 51 years for a 16-year policy; 48 years for an 18-year policy; 45 years for a 20-year policy.
