LIC jeevan Shiromani Plan: Pay Charges For Just 4 Years And Relaxed ₹1 Crore—Know Complete Info.
In a flow that gives both monetary security and wealth advantage, the life insurance corporation of india (LIC) has delivered its top-class funding-cum-coverage coverage—Jeevan Shiromani. This plan is customized for high-earning people seeking an easy long-term investment with confident returns and life coverage.
✅ Highlights of lic jeevan Shiromani coverage
LIC's jeevan Shiromani is a non-related, with-income, money-lower back plan, offering a minimum confident sum of ₹1 crore, without a top limit. Policyholders want to pay rates for the best four years, making it a constrained premium payment coverage with lengthy-time-period advantages.
This scheme is particularly best for folks who need to develop their capital accurately while additionally making sure monetary protection for their households.
Key features at a glance
Minimal sum assured: ₹1 crore
Most sum assured: No restriction
Top rate fee time period: best four years
Policy time period alternatives: 14, sixteen, 18, and two decades.
Access Age: minimum 18 years
Most Age: Varies primarily based on policy term.
14 years: up to 55 years
Sixteen years: up to fifty-one years
18 years: up to 48 years
Twenty years: as much as forty-five years
How much premium do you pay?
If you're concentrated on a sum assured of ₹1 crore, you may need to invest approximately ₹94,000 in line with the month for four years. However, lic provides flexibility in top rate payments—monthly, quarterly, half-every year, or annually—based on your choice.
Cash-again blessings over the years
This coverage acts like a cash-again plan, in which periodic payouts are made in the course of the time period, and the final sum is paid on maturity:
14-12 months policy: 30% of the sum assured within the tenth & 12th yr
Sixteen-year coverage: 35% in the 12th & 14th year
18-year coverage: 40% inside the 14th & 16th 12 months
20-yr policy: forty-five percent within the sixteenth & 18th year
The stability quantity is paid at adulthood together with bonuses.
Critical infection & mortgage facilities
The jeevan shiromani policy comes with in-constructed vital contamination insurance. If recognized with a listed intense contamination, 10% of the sum is paid straight away. Additionally, loans can be availed after 1 year, provided charges are updated. The mortgage amount depends on the coverage's give-up fee, and hobby prices are decided by means of lic every so often.
⚰️ loss of life advantage
Inside the unlucky occasion of the policyholder's loss of life throughout the term, the nominee gets the sum of the confidence together with bonuses, making it a robust safety device for households.
A way to get greater data?
For more detailed terms and conditions and to calculate the premium according to your age and plan tenure, go to lic's reliable website:
Https://licindia.in
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