Jeevan Shiromani

                                                        Jeevan Shiromani (947) 

Product Summary : 

LIC's Jeevan Shiromani plan is a non-linked, with-profits, limited premium payment money back life insurance plan especially designed for targeted segment of High Net-worth Individuals. 

Premium Payment Mode : 

Yearly, Halfly, Quarterly, Monthly(ECS) 

Term/PPT : 

14/10, 16/12, 18/14 & 20/16 Years 

Minimum Entry Age : 

18 Years completed 

Maximum Entry Age : 

55 Years (Nearer Birthday) for Term 14 

51 Years (Nearer Birthday) for Term 16 

48 Years (Nearer Birthday) for Term 18 

45 Years (Nearer Birthday) for Term 20 

Maximum Maturity Age : 

69 Years (Nearer Birthday) for term 14 

67 Years (Nearer Birthday) for term 16 

66 Years (Nearer Birthday) for term 18 

65 Years (Nearer Birthday) for term 20 

Minimum Sum Assured : 

Rs 1 crore (Multiple of 5 lakhs thereafter) 

Maximum Sum Assured : 

No Limit 

Guaranteed Addition : 

Rs 50/- per 1000 SA for 1st 5 years 

Rs 55/- per 1000 SA for remaining PPT 

Policy Benefits : 

On Death : 

Death during 5 yrs : SA on Death + GA 

Death after 5 yrs : SA on Death + GA + LA 

*SA on Death* : 125% of BSA or 10 times AP or 

105% of Premiums Paid 

Survival Benefits : 

For 14 yrs policy : 30% of BSA in 10th & 12th year 

For 16 yrs policy : 35% in 12th & 14th year 

For 18 yrs policy : 40% in 14th & 16th year 

For 20 yrs policy : 45% in 16th & 18th year 

Inbuilt Critical Illness Benefit: 

10% of BSA on diagnosis of 15 Critical diseases + Premium is deferred for 2 Years w/o interest.

Surrendered Value : 

The Policy can be surrendered at any time during the policy term provided atleast 3 full years premiums have been paid. 

Loan :

 

Loan Facillity is available under this plan, after payment of premiums for at least 1 full years.