LIC New Policy: In Jeevan Shiromani, a sum assured of at least 1 crore rupees is guaranteed. There is no maximum sum assured limit in this. Let’s know the special things about this plan-
LIC Jeevan Shiromani Policy: Many schemes are run by LIC keeping in mind the needs of different customers. One special plan among these schemes is Jeevan Shiromani. This scheme has been made for such people whose income is very good and they want to keep their investment safe. In LIC’s Jeevan Shiromani policy, you have to pay premium for only four years, although this premium is slightly higher. In Jeevan Shiromani, a sum assured of at least one crore rupees is guaranteed. There is no maximum sum assured limit in this. Let’s know the special features of this scheme-
You will have to deposit money every month for 4 years
Jeevan Shiromani policy is a saving scheme which is not linked to the stock market. This is a personal life insurance scheme. In this, you have to deposit about 94,000 rupees every month for 4 years. If you want, you can deposit this premium every month, every three months, every six months or once a year. To avail the scheme, the age of the policy taker should be at least 18 years. If we talk about the upper age, then the age for a 14-year policy should be 55 years, for a 16-year policy the age should be 51 years, for an 18-year policy the maximum age should be 48 years and for a 20-year policy the maximum age should be 45 years.
Money back plan
Under the Jeevan Shiromani scheme, you keep getting money back from time to time. That is why it is called a money back plan. If you take a 14-year policy, you will get 30% of your basic sum insured in the 10th and 12th year. If you take a 16-year policy, this amount will be 35% in the 12th and 14th year. Similarly, if you take an 18-year policy, you will get 40% in the 14th and 16th year and if you take a 20-year policy, you will get 45% in the 16th and 18th year. On completion of the policy, the remaining amount will be given to you in one go.
It is also possible to get a loan with certain rules
After one year of taking the policy and if you have paid the premium for a full year, you can also get a loan with certain rules. Apart from this, death benefits are also included in it. Customers can also take a loan based on the surrender value of the policy (how much money you will get if you discontinue the policy midway). The interest rate charged on taking a loan against the policy will be decided from time to time. If the policyholder is diagnosed with a serious illness, he gets 10% of the insurance amount in one go. Also, money is received even in case of death during the policy term. You can get more information from LIC’s website https://licindia.in/.
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