LIC Jeevan Shagun Single Premium Plan No. 826

Death Benefit:

On death during first five policy years:

Basic Sum assured i.e. 10 times the tabular single premium shall be payable.

On death after completion of five policy years:

Basic Sum assured i.e. 10 times the tabular single premium along with Loyalty Addition, if any, shall be payable.

Survival Benefit: 

On Life Assured surviving to the end of the specified durations, the following Survival benefit shall be payable.

At the end of 10th policy year: 15% of the Maturity Sum Assured.At the end of 11th policy year: 20% of the Maturity Sum Assured.

This scheme will be available for 90 days only from 01-09-2014.

LIC’s Jeevan Shagun Single Premium Plan 826 -Benefits

Maturity Benefit:

On maturity,  65% of the Maturity Sum Assured along with Loyalty Addition, if any, shall be payable.

Loyalty Addition:

Depending upon the Corporation’s experience, a policy shall participate in the profits in the form of Loyalty Addition. The Loyalty Addition, if any, shall be  payable on death or surrender, provided the policy has run for at least  five policy years, or on policyholder surviving to the maturity, at such rate and on such terms as may be declared by the Corporation.

ELIGIBILITY CONDITIONS AND OTHER RESTRICTIONS:

Minimum Entry Age                                         : 8 years (completed)Maximum Entry Age                                         : 45 years (nearest birthday)Minimum/Maximum Basic Sum Assured        : 10 times of tabular single premium paidMinimum Maturity Sum Assured                      : Rs. 60,000/-Maximum Maturity Sum Assured                      : No Limit

Maturity Sum Assured shall be available in multiples of Rs. 5,000/-.

Policy Term                                                        : 12 yearsPremium payment mode                                   : Single premium only

This scheme will be available for 90 days only from 01-09-2014.

LIC’s Jeevan Shagun Single Premium Plan 826– Benefits