Today we are telling you about such a plan of LIC where you can get the benefit of up to Rs 1 crore. Please tell that LIC prepares the policy keeping all the people in mind. One such policy is Jeevan Shiromani.
It offers protection as well as savings. This plan of LIC is a non linked plan. In this, at least Rs 1 crore assured sum is guaranteed. Sum assured is the amount that the customer will definitely get from an insurance company.
This plan has been designed for people with high income. If a policyholder dies before maturity, then in such a situation his family gets financial help. It is also a money back plan in a limited premium, in which you get money from time to time. The maximum investment age in the policy is 55 years (policy term 14 years), 51 years (policy term 16 years), 48 years (policy term 18 years) and 45 years (policy term 20 years).
How much will be invested
in Jeevan Shiromani policy, the basic sum assured is one crore rupees. For this, the customer will have to invest for four years. After that the returns will start coming. Talking about the investment amount, the customer will have to deposit around Rs 94,000 every month.
In this policy, the facility of payment during a fixed period has been given in case of survival of the policyholders. Apart from this, a lump sum amount is also given on maturity. The plan also provides cover for critical illnesses and has 3 optional riders available.
These are Survival Benefit: Survival Benefit means a fixed payment is made on the survival of the policy holders, which is as follows: –
– 30% of the Sum Assured in the 10th and 12th years in a 14-year policy.
– 35% of the Sum Assured in the 12th and 14th years in a 16-year policy.
– 40% of the Sum Assured in the 14th and 16th years in an 18-year policy.
– 45% of the Sum Assured in the 16th and 18th years in a 20-year policy.
How much loan will be available
During the policy term, the customer can take a loan based on the surrender value of the policy, which will be available on the basis of LIC’s terms and conditions. The policy loan will be available at the rate of interest decided from time to time.
