LIC Jeevan Shiromani Policy: Jeevan Shiromani Policy is a non-linked plan. It comes with a guaranteed sum assured of Rs 1 crore.
LIC Jeevan Shiromani Policy: If you want to make a safe investment. Then Life Insurance Corporation of India plans are best for you. There are many schemes of LIC. In which money can be earned by investing. Investing in an insurance company’s Jeevan Shiromani policy is a profitable deal. You can earn Rs 1 crore in this. That too by paying just 4 premiums.
1 crore guaranteed
LIC’s Jeevan Shiromani policy is a non-linked plan. It comes with a guaranteed sum assured of Rs 1 crore. Life Insurance Corporation of India comes out with many good policies to secure the life of its customers. The minimum return in this policy is one crore.
What is the complete plan of Jeevan Shiromani Policy?
LIC started this scheme on 19th December 2017. This is a non-linked, limited premium paying money back plan. This policy is specially designed for High Net Worth Individuals. It also provides cover for critical illnesses. Those three optional riders are also available.
Get financial assistance from Jeevan Shiromani Policy
Financial assistance is given to the family on the death of the policyholder of Jeevan Shiromani Yojana. In this policy, in case of survival of the beneficiary, the facility of payment has been given during the stipulated period. Whereas a lump sum amount is given on maturity.
Jeevan Shiromani Policy Payment Process
- 14 Year Policy -10th & 12th Year 30-30% of Sum Assured
- 35-35% of the policy sum assured for 16 years-12th and 14th years
- 18 year policy -14th and 16th year 40-40% of Sum Assured
- 20 Year Policy -16th and 18th Year 45-45% of Sum Assured.
How much loan will be available on the policy
The specialty of this policy is that the customer can take a loan based on the surrender value of the policy. But the loan is available on the terms and conditions of LIC. The policy loan will be available at a stipulated rate of interest.
Policy Terms and Conditions
- Minimum Sum Assured: Rs 1 crore
- Maximum Sum Assured: No Limit
- Policy Term: 14, 16, 18 and 20 years
- Till what time premium is to be paid: 4 years
