lic’s plan no. 837 jeevan shikhar launching date 11/01/2016

Lic’s Plan No. 837 Jeevan Shikhar launching date

11/01/2016

HARI SOMAIYA PRODUCTIONPRESENTS

YOUTUBE/HARI SOMAIYA MO. 9909123670

INTRODUCTION

• LIC of India is going to launch a new endowment plan Jeevan Shikhar (Plan No. 837) from 11/01/2016.

• Jeevan Shikhar is a non linked, with profit, saving cum protection, single premium, Close ended Plan.

• In Jeevan Shikhar risk is 10 times of the tabular premium.

• Unique identification number (UIN) of Jeevan Shikhar plan is 512N305V01.

• This plan is available for sale upto 31/03/2016.


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AGE ENTRY

• Min age at entry: 6 yrs completed• Max age at entry: 45 yrs nearer birthday (NBD)


Sum Assured

• Min Maturity Sum Assured: 100000• Max mat SA: No Limit (IN MULTIPLE OF RS

20000/-)


Policy Term

• Policy Term: 15 yrs


Risk Cover

• Risk will commence at the age of 8 years in case of children if less than 8 years.

• For the age of 8 years or more, risk will commence immediately

• 10 time of Basic Tabular Premium..(for age below 8 years.. Refund of tab. Single premium..)


Maturity Benefit

• Maturity Sum Assured along with Loyality Addition, if any, will be payable.


Death Benefit On Death during the first 5 Policy years Before the date of commencement of the Risk: • Refund of single premium without interest. • Single premium mentioned here will not include any extra

amount if charged under the policy due to underwriting decision and taxes.

After date of commencement of Risk: “Sum Assured on Death”

• equal to 10 times of tabular single premium will be payable.


Death Benefit On Death after completion of 5 policy years but

before the date of Maturity• “Sum Assured on Death” equal to 10 times of tabular single

premium along with Loyalty addition, if any, will be payable.• Tabular single premium calculated for chosen Maturity Sum

Assured (MSA), Mentioned above does not include any extra amount chargeable under the policy due to underwriting decision or taxes and is before applying any rebate


Loyalty Addition

• The policy under this plan will be eligible for share in surplus (profits) in the form of Loyalty Addition, depending upon the experience of the LIC.

• The Loyalty Addition, if any, will be payable on death or surrender, provided the policy run for at least five policy year or on policy holder surviving to the maturity.


Surrender

• Policy can be surrendered at any time during the policy term.

• 1st Year: 70% of Single Prem • Thereafter: 90%of Single Prem


Loan

• available after 3 months from policy issuance• From issuance of proposal


SA rebate


HIGH MATURITY SUM ASSURED REBATE

MATURITY SUM ASSURED (MSA) REDUCTION IN TABULAR PREMIUM

BELOW 2,00,000/- NIL

2,00,000/- TO 4,80,000/- RS 15 PER THOUSAND MSA

5,00,000/- TO 9,80,000/- RS 20 PER THOUSAND MSA

10,00,000/- AND ABOVE RS 25 PER THOUSAND MSA

Back dating

• Allowed within same financial year


Nomination and assignment

• Nomination and assignment in this policy is available.


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http://insuranceblog.asia/nomination-in-a-life-insurance-policy/

Proposal Form

• 300/340/360 (302/342/362)


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lic’s plan no. 837 jeevan shikhar launching date 11/01/2016

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