The policy of Life Insurance Corporation of India (LIC) is considered to be much better in terms of risk. That's why people invest in it. Today we are going to tell you about one such scheme of LIC. In this scheme, you will get tremendous profit even in lieu of 1 rupee. This policy gives protection as well as savings. Let us know about this policy.
This plan gives many benefits
We are talking about Jeevan Shiromani Scheme. This is a savings investment plan, with which big profits can be found. LIC jeevan shiromani plan was launched on 19th December 2017. This is a non-linked, limited premium payment money back plan. This plan also provides insurance cover for critical illnesses. This is a market linked profit scheme. Three optional riders are also given on it.
View Survival Benefit
Survival Benefit i.e. a fixed payout is made on the survival of the policyholders. Under this, this is the payment process.
- 14 Year Policy -10th & 12th Year 30-30% of Sum Assured
- Policy for 16 years -12th and 14th year 35-35% of Sum Assured
- 18 Years Policy -14th & 16th Year 40-40% of Sum Assured
- 20 year policy -16th and 18th year 45-45% of the sum assured.
Know how much you will get loan
The specialty of this policy is that during the policy term, the customer can take a loan on the basis of the surrender value of the policy. But 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 multiple of 5 lakhs.)
3. Policy Term: 14, 16, 18 and 20 years
4. Till when 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.
