LIC Jeevan Shikhar Plan 837
Brief of the Scheme:
LIC Jeevan Shikhar Plan is a single time premium paid up scheme which is decided on the basis of the option chosen for the Maturity benefits and the age at which such plan is taken. The brief details or the qualifications or the criteria of the scheme are mentioned here:
Minimum age at which scheme can be taken – 6 yearsMaximum age at which the scheme expires – 45 yearsPolicy term or the Maturity Period – 15 yearsSum Insured on Maturity – Rs. 1,00,000 (Minimum)Sum Insured on Death – 10 times the premium paid
There are various benefits attached to the scheme which may be maturity benefit or the addition in the savings benefit, it may be in any form. The detailed benefits are explained here.
1. On the Death Benefit –
There may be two possibilities where the death of the person is the base. They are:
2. On the Maturity Benefit –
The concerned person would get the Maturity amount along with the loyalty additions if is hold for more than 5 years
3. Refund Paid –
This plan can be surrendered at any time during the tenure of the plan. If the plan is surrendered during the first year of the plan taken than 70% of the premium paid would be refunded. If the plan has been exceeded for more than 1 year than the refund amount would be 90% of the premium paid.
4. Loan Benefit –
The loan can be availed on the basis of the policy if the policy has crossed 3 months from the time of purchase. The loan amount that can be availed differs from case to case but at max you can get 85%.
Features of the Plan:
LIC Premium Online Payment Procedure without RegistrationTravel Insurance – Everything You want to KnowHealth Benefits along with Fixed Deposit AccountWhat do you mean by Third Party Insurance ??
