LIC has come up with a very good plan, in which you get a sum assured of Rs 1 crore. LIC has named this plan as Jeevan Shiromani Plan.
LIC Jeevan Shiromani Plan Information
In Jeevan Shiromani plan, along with death cover, good cover is also available for illness. You can buy this plan in 4 levels. It can be bought in terms of 14 years, 16 years, 18 years and 20 years. You can invest in this from the age of 18. Under this plan, the minimum sum assured is Rs 1 crore and you can increase it as much as you want.
What is the survival benefit in LIC Jeevan Shiromani plan?
LIC has kept different benefits for different terms. 30% of Sum Assured in 10th and 12th year for 14 year policies, 35% of Sum Assured at 12th and 14th year, for policies of 16 years, 40% of Sum Assured at 14th and 16th year for policies of 18 years and 20 In year plan, 40% of the sum assured benefit is available in 16th and 18th year.
Terms and Conditions of LIC Jeevan Shiromani Plan
There are certain terms and conditions for buying LIC’s Jeevan Shiromani plan. The minimum sum assured in this is 1 crore and there is no maximum limit. The policy term in this plan is 14, 16, 18 and 20 years. In this, you have to deposit the premium for 4 years. You can invest in it from 18 years. The maximum age for a policy of 14 years is 55 years, for a policy of 16 years, the maximum age is 51 years, for a policy of 18 years the maximum age is 48 years and for a policy of 20 years, the maximum age has been kept 45 years.
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