LIC: Get Guaranteed Rs 1 Crore by Investing in This LIC Scheme, Details Inside

LIC Jeevan Shiromani Plan: If you are planning for a safe investment then LIC has brought a better option for you. In this plan, you will get tremendous profit even for Rs 1 Crore. LIC prepares the policy keeping in mind all categories of people. LIC has launched a great policy, which can prove to be the safest savings scheme.

Guaranteed Amount of Rs 1 Crore

• The benefit of LIC’s (Jeevan Shiromani Plan) is that it’s a non-linked plan.

• You can get a guarantee of at least Rs 1 Crore of the sum assured in this.

• LIC keeps on offering many such good policies to its customers to secure their lives.

What is a Complete Plan?

• Jeevan Shiromani Plan of LIC was started on 19^th December 2017.

• This is a non-linked, limited premium payment money-back plan.

• It’s a market-linked benefit scheme.

• This scheme is specially made for the HNI (High Net Worth Individuals).

• It provides cover for critical illness.

• There are 3 optional riders available in it.

You Can Get Financial Support

• Jeevan Shiromani plan provides financial support to the policyholder’s family in the form of death benefits during the policy term.

• The facility of payment has been given during a fixed period in the event of the survival of policyholders.

• Apart from this, a lump sum amount is also given on maturity.

Survival Benefit

The survival benefit i.e. a fixed payout is made on the survival of policyholders.

Here is the payment process:

• 14-year policy – 10^th & 12^th year 30-30-% of a sum assured.

• 16-year policy- 12^th & 14^th year 35-35% of a sum assured.

• 18-year policy- 14^th & 16^th year 40 of a sum assured – 40%

• 20-year policy- 16^th & 18^th year 45-45% of a sum assured.

How Much Loans You Can Get?

• During the policy term, the customer can take a loan on the basis of a surrender value of the policy.

• This loan will be available only on the terms & conditions of LIC.

• The Policy loan will be available at the rate of interest to be decided from time to time.

Terms & Conditions

• Minimum Sum Assured- Rs 1 Crore.

• Maximum Sum Assured- No limit (Basic sum assured will be in multiples of 5 lakhs)

• Policy Terms- 14, 16, 18 & 20 Years.

• By what time a Premium to be Paid- 4 Years.

• Minimum Age for Entry- 18 years 6-year policy. Maximum age for entry- 55 years for policies of 14 years. 51 years for 16-year policy. 48 years for 18 years policy. 45 years for 20-year policy.