LIC New Policy: Jeevan Shiromani guarantees a sum assured of at least Rs 1 crore. There is no limit on the maximum sum assured. Let’s know the special features of this plan.
LIC Jeevan Shiromani Policy: LIC runs many schemes keeping in mind the needs of different customers. One special plan among these schemes is Jeevan Shiromani. This scheme is designed 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 a little higher. Jeevan Shiromani guarantees a sum assured of at least Rs 1 crore. There is no limit on the maximum sum assured. Let’s know the special things about this scheme-
Money has to be deposited every month for 4 years
Jeevan Shiromani policy is such 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 Rs 94,000 every month for 4 years. If you want, you can pay this premium every month, every three months, every six months or once a year. To avail this plan, the policyholder should be at least 18 years old. If we talk about the upper age limit, 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 Jeevan Shiromani Yojana, 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, then you will get 30% of your basic insurance amount 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 a policy for 18 years, you will get 40% in the 14th and 16th year and if you take a policy for 20 years, you will get 45% in the 16th and 18th year. The remaining amount will be given to you at once when the policy is completed.
It is also possible to get a loan with some rules
After one year of taking the policy and if you have paid the premium for a full year, then you can also get a loan with some rules. Apart from this, death benefits are also included in it. Customers can also take a loan on the basis of the surrender value of the policy (how much money will you get if you close the policy midway). The interest rate that will be charged on taking a loan on the policy will be decided from time to time. If the policyholder is diagnosed with any serious illness, then he gets 10% of the insurance amount at once. Also, money is also received in case of death during the policy. You can get more information from LIC’s website https://licindia.in/.
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