LIC New Plan Highlights - JEEVAN SHIKHAR (837)

LIC JEEVAN SHIKHAR (837)

• Non linked closed ended Single Premium Plan
• Benefits on Death during first five year:
• On Non commencement of Risk refund of premium w/o interest.
• On commencement of Risk 10 times of tabular Single Premium.
• After five year of policy but before maturity 10 times of Tabular Single Premium plus Loyalty Addition, if any
• Maturity........
• Maturity Sum Assured along with Loyalty Addition if any.
• Conditions

1. Age at entry 8 yrs (comp) 45 yrs (NBD)
2. Minimum MSA: Rs 1lac
3. Maximum: No limit
4. Policy Term 15 years
5. MSA multiple of Rs.20,000
6. Loan availability:

after 3 months 
55% to 85% of SV in different policy years below age at entry 35

after 3 months
35% to 85% SV in different policy years above age at entry 35

Loan

Loan facility is available under this New Jeevan Shikhar 837 Plan after completion of 3 months time period of the policy

Suicide clause

If the policyholder commits suicide for any of the reason within 12 months of the date of commencement of risk, then 90% of the premium will be returned / paid to his assignees or nominees

Proposal Forms

Proposal Form no. 300 or 340 or 360 will be used under this LIC Jeevan Shikhar Plan 837

Tax

Service Tax payable by the policyholder on premium

Free Look Period

If you are not satisfied with this policy term you may return the policy within 15 days from the date of receipt of the plan

Backdating interest

The policy can be backdated within the same financial year

Surrender Value

This policy can be surrendered at any time, subject to Reliazation of the Premium Cheque. The guaranteed surrender value is the percentage of single premium paid

For the 1st year: 70% of the Single Premium

After Completion of 1st year and above: 90% of the Single Premium

• SAVINGS CUM PROTECTION SINGLE PREMIUM PLAN
• LIC'S JEEVAN SHIKHAR
• SINGAL PAYMENT ENDOWMENT PLAN
• IDEAL PLAN FOR GIFTING, SAVING, PROTECTION
• GUARANTED MATURITY BENEFIT
• LOAN AVAILABLE (AFTER 3 MONTHS)
• INCOME TAXBENEFIT (u/s Sec 80C 10(10D))
• HIGH RISK COVER (10 X PREMIUM)
• LOYALTY BONUS (on death after 5 years or at the time of Maturity)
• PREMIUM DISCOUNT (For Big ticket sized Policies)
• LIMITED TIME PERIOD PLAN