LIC Superhit Policy: Money deposited in banks is not giving adequate returns. In such a situation, there is a special plan of LIC which is proving to be very beneficial. Under this scheme, a good return of up to one crore can be taken by paying four premiums.
The name of this plan of LIC is Shiromani Yojana. Good returns can be taken by investing in this policy. Good cover for illness too LIC Life Shiromani Plan (LIC Jeevan Shiromani Plan) offers the best cover for illness. The duration of this plan has been fixed in a range of 4 levels. Which includes 14, 16, 18 and 20 years.
The age of the policy taker has been fixed at 18 years and maximum 55 years. The minimum sum assured value under this scheme is Rs 1 crore. As per the rules, in this particular policy, money has to be deposited for 4 years, in which the policyholder is also getting loan and survival benefits.
30 per cent of Basic Sum Assured on 10th and 12th year of 14 year policy, 35 per cent on completion of 14 years after 12th policy term of 16 years, 40 per cent on completion of 14th and 16th year of 18 year policy 20 On completion of 16th and 18th year of the policy term of the year paralysis and 45% of Basic Sum Assured is given.
These documents will be needed
The documents have to be submitted in the paralysis section for availing LIC’s Jeevan Shiromani plan. The policyholder is required to provide his ID proof, proof of date of birth, address proof, photograph of the holder and bank details.
