LIC Jeevan ShagunLIC Jeevan ShagunTable No. 826Table No. 826

• Close ended plan available for sale from 1st Sep 2014 for period of 90 days• Non-linked, with-profit, single premium, money

back type of plan• Policyholder has the option to choose maturity sum

assured

PLAN HIGHLIGHTSPLAN HIGHLIGHTS

BASIC CONDITIONS BASIC CONDITIONS Minimum Age at Entry 8 YearsMaximum Age at Entry 45 limitPolicy Term 12 yearsMinimum Maturity Sum Assured

60,000

Maximum Sum Assured No Limit (in multiples of 5000)

Premium Mode Single

BENEFITSBENEFITS• SURVIVAL BENEFITSURVIVAL BENEFIT 15% of Maturity Sum Assured at the end of the 10th

policy year 20% of Maturity Sum Assured at the end of the 10th

policy year• MATURITY BENEFITMATURITY BENEFIT

65% of Maturity Sum Assured + Loyalty addition (if

any)

BENEFITSBENEFITS On death during first 5 policy years: Basic sum assured ie 10 times the Tabular Single Premium

On death during the policy term after 5 years:

Basic sum assured ie 10 times the Tabular Single Premium + Loyalty Addition (if any)

REBATEREBATEHIGH MATURITY SUM ASSURED REBATE

Maturity Sum Assured Rebate Reduction in Tabular Premium (per Rs1000/- M.S.A

Below Rs.1,50,000/- NilRs.1,50,000/- to Rs.3,95,000/- Rs.15.00

Rs.4,00,000/- Rs.20.00

LOAN OPTIONLOAN OPTION• Available after 1st policy year• The maximum amount of loan that can be granted as a percentage of Surrender Value shall depend on the Policy Term, as given in the table below

• Foreclosure action shall not be taken under fully paid up and enforce policies even if there is default of loan interest

Policy Term2nd to 3rd yr 4th to 6th yr 7th to 9th yr 10th to 12th yr

Loan as % of S.V 50% 60% 70% 90%

SURRENDER OPTIONSURRENDER OPTION• Policy can be surrendered any time during policy term after realization of premium cheque• GSV shall be 70% of the single premium paid exclusive of taxes and extra premium during the first year• From 2nd year onwards GSV shall be 90% of the single premium paid exclusive of taxes and extra premium • Special Surrender Value will be discounted value of the Maturity Sum Assured less Survival Benefit if paid earlier.

OTHER OTHER • BACKDATINGBACKDATING

Policy can be backdated within the same financial year

• POLICY STAMPINGPOLICY STAMPING Policy stamping charges will be 20 paisa per thousand of Basic Sum Assured

THANK YOUTHANK YOU