Saturday, 16 January 2016

LIC'S JEEVAN SHIKHAR - 837

LIC's Jeevan Shikhar (837) is a participating, non-linked, saving cum protection single premium plan wherein the risk cover is ten times of Tabular Single Premium.
The proposer will have an option to choose the Maturity Sum Assured. The premium payable shall depend on the chosen amount of Maturity Sum Assured and age at entry of the life assured.
This plan also takes care of liquidity need through its loan facility.
The plan will be open for sale for a maximum period of 120 days from the date of launch.
Premium Payment Mode:
Single Premium
Term :
15 Years
Minimum Entry Age :
6 years (completed)
Maximum Entry Age :
45 years (nearer birthday)

Minimum Sum Assured :
1,00,000
Maximum Sum Assured :
NO LIMIT (Depending upon Income)
Higher Maturity Sum Assured than MSA amount shall be in multiple of Rs. 20000/-

Policy Benefits :
On Death :
On death during first five policy years:
Before the date of commencement of risk:
Refund of Single Premium without interest. Single Premium mentioned above shall not include any extra amount if charged under the policy due to underwriting decision and taxes.
After the date of commencement of risk:
“Sum Assured on Death” equal to 10 times the tabular single premium shall be payable.
On death after completion of five policy years but before the stipulated Date of Maturity:
“Sum Assured on Death “equal to 10 times the tabular single premium along with Loyalty Addition, if any, shall be payable.

On Survival :
On maturity, the Maturity Sum Assured along with Loyalty Addition, if any, shall be payable.

Surrendered Value :
The policy can be surrendered at any time during the policy year. The Guaranteed Surrender Value allowable shall be as under:• First year: 70% of the Single Premium.• Thereafter: 90% of the Single Premium.

Loan :
Loan facility shall be available under the plan at any time during the policy term after. 3 months from the date of acceptance of risk or after expiry of the free-look period, whichever is later.

Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).

LIC'S JEEVAN LABH - 836

Product Summary :
LIC's Jeevan Labh Plan (836) is a limited premium paying, non-linked, with-profits
Endowment Assurance plan.
Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(ECS)
Term :
16 Year
21 Year
25 Year
P.P.T.
For Term 16 Year Ppt 10 year
For Term 21 Year Ppt 15 Year
For Term 25 Year ppt 16 year
Minimum Entry Age :
8 Year Completed
Maximum Entry Age :
59 Year (Nearest Birthday)
Maximum Maturity Age :
75 Year
Minimum Sum Assured :
2,00,000
Maximum Sum Assured :
NO LIMIT (Depending upon Income)
Maximum Accidental Death and Disability Benefit Rider up to age 70.
Policy Benefits :
On Death : 
Basic Sum-Assured,OR
10 times of Annualized Premium, OR
105%of all Premiums paid as on death,
WHICHEVER IS HIGHER.

On Survival : On survival Basic Sum-Assured + Reversionary Bonus+ Final Additional Bonus.
Surrendered Value :The Policy can be surrendered at any time during the policy term provided atleast three full years premiums have been paid.
Loan :Loan Facillity is available under this plan, after payment of premiums for at least 3 full years.
Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).
Proposal Form : 300, 340, 360 shall be used under this plan.
More Details... or Call 9990286759