While certain investors favor the securities exchange way to deal with expand on their well deserved reserve funds, however assuming you are searching for good returns and a speculation that is protected simultaneously, then look know farther than the Jeevan Shiromani Plan from Life Insurance Corporation (LIC).
This plan from the state-claimed guarantor, which is set for memorable biggest IPO in India’s set of experiences, offers the opportunity to procure great benefit on each rupee that you contribute. In addition, the policy doesn’t simply offer reserve funds yet additionally assurance to the client.
Peruse on to figure out additional subtleties.
Insights concerning LIC Jeevan Shiromani Plan
This plan from LIC is a non-connected plan which ensures basically Rs 1 crore total guaranteed. This arrangement gives a base return of Rs 1 crore. All in all, a one rupee daily store for a long time will bring back up to Rs 1 crore.
LIC Jeevan Shiromani is a limited premium payment cash back extra security plan. The plan has been uniquely intended for HNI (High Net Worth Individuals). As discretionary rider benefit, cover is additionally accommodated basic sicknesses.
The plan assists the policyholder’s family with monetary help as death benefits during the term of the arrangement. It offers a decent compensation out as level of essential aggregate guaranteed as payment in case of the policy holder getting by. Furthermore, a single amount sum is gotten on the maturity of the policy.
The endurance benefits payable according to different plan terms are as per the following:
Policy for 14 years – On each of the 10th and 12th anniversary of the policy, 30% of basic sum assured
Policy for 16 years – On each of the 12th and 14th anniversary of the policy, 35% of basic sum assured
Policy for 18 years – On each of the 14th and 16th anniversary of the policy, 40% of basic sum assured
Policy for 20 years – On each of the 16th and 18th anniversary of the policy, 45% of basic sum assured
Other unique elements of LIC Jeevan Shiromani Plan
The policyholder is qualified to look for a loan based on giving up worth of the scheme. This can be benefited after premium payments for premium measure of no less than 1 entire year are done and one policy year is finished. This is dependent upon specific agreements of LIC. The pace of interest for loans is additionally settled occasionally.
Plan agreements
Minimum Sum Assured: Rs 1 crore
Maximum Sum Assured: No limit
Basic Sum Assured in multiples of Rs 5 lakh
Term of Policy: 4 options of 14, 16, 18 and 20 years
Term of premium payment: 4 years
Minimum eligible age: 18 years
Maximum age:
14 years policy: 55 years
16 years policy: 51 years
18 years policy: 48 years
20 years policy: 45 years
