LIC JEEVAN SHIKHAR PLAN

LIC JEEVAN SHIKHAR PLAN▪ Jeevan Shikhar plan is a policy run by Life Insurance Corporation of India.▪ This is a participating, non-linked, saving cum protection single premium plan.▪ Risk cover in LIC’s Jeevan Shikhar plan is ten times of Tabular Single Premium. ▪ This plan also takes care of liquidity need through its loan facility.

ELIGIBILITY CONDITIONSMinimum Entry Age 6 years (completed)

Maximum Entry Age 45 years (nearer birthday)

Sum Assured on Death 10 times of tabular single premium

Minimum Maturity Sum Assured

INR 100,000/-

Maximum Maturity Sum Assured

No LimitShould be in multiple of INR

20,000/-Policy Term 15 years

Premium payment mode Single premium only

BENEFITSDeath BenefitMaturity BenefitLoyalty Addition

Death BenefitMaturity Benefit

Loyalty Addition

DEATH BENEFITOn death during first five policy

yearsBefore the date of commencement of risk : Refund of Single Premium without interest.

After the date of commencement of risk : "Sum Assured on Death" equal to 10 times the tabular single premium shall be payable.

DEATH BENEFIT

On death after completion of five policy years but before the stipulated Date of Maturity: "Sum Assured on Death “which is equal to 10 times the tabular single premium along with Loyalty Addition, if any and if applicable, shall be payable.

MATURITY BENEFIT

▪On maturity, the Maturity Sum Assured along with Loyalty Addition, if applicable any, shall be payable.

LOYALTY ADDITIONDepending upon the Corporation's

experience, the policy shall participate in the profits of the corporation, in the form of Loyalty Addition. If any Loyalty Addition is applicable, shall

be payable on death or surrender, mentioned that the policy has run for minimum five policy years or more, or on policyholder surviving to the maturity.

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