India's largest Insurance company LIC is celebrating its 58th Anniversary, On this occasion LIC is
Launched it's New Plan Jeevan Shagun on 1st September Which is non-linked single premium Money Back policy,Which is available for 90 days only, it is a Closed, ended Plan.
CONTACT FOR DETAILS: 9291203177
Launched it's New Plan Jeevan Shagun on 1st September Which is non-linked single premium Money Back policy,Which is available for 90 days only, it is a Closed, ended Plan.
Features:
- Single premium Money back policy
- Policy term 12 years
- Closed Ended policy ( 90 days only) from 1st September 2014
- Loan available from 2nd year on wards
- Can surrender at any time
- Minimum MSA (Maturity Sum Assured) Rs.60,000/-
Eligibility:
Benefits during policy duration:
On death
With in the First 5 years of policy term:
Basic Sum Assured i.e. 10 times of the Single Premium
Death after 5 years from the date of policy Commencement :
Basic Sum Assured i.e. 10 times of the single Premium + Loyalty Addition
Survival Benefit:
These are the benefits for policy holder on his survival
Surrender value:
This policy can be surrendered at any time of policy term.
- In case of surrender of the policy in first 5 years from the date of commencement 75% for the single premium will be paid back.
- In case of surrender of the policy in after 5 years from the date of commencement 90% for the single premium will be paid back excluding any survival benefits will be payable.
Loan:
Loan benefits for Jeevan Shagun:
- 50% of Surrendered value in 2nd and 3rd year.
- 60% of Surrendered value in 4th and 5th and 6th year.
- 70% of Surrendered value in 7th and 8th and 9th year.
- 80% of Surrendered value in 10th and 11th and 12th year.
Jeevan Shagun premium's for different age groups:
CONTACT FOR DETAILS: 9291203177
