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LIC JEEVAN SHIKHAR

(Single Premium, Guaranteed, Tax Free Maturity, 10 times insurance Cover, Better than long term FD, Best for Tax Paying People)

Jeevan Shikhar is a guaranteed, 100% safe (No Share Market Risk) fix term, tax free policy. It is available only till 31st March 2016.

There are many people in India who are in 30% tax bracket and they are looking for a plan which can help them to save their tax U/S 80C and also which can provide them a tax free maturity. Jeevan Shikhar is specially design for those kind of people.

Note: Insurance cover in this plan is a feature which is not just securing their family financially but also provide them tax free maturity.

As per IRDA , policies with insurance cover more than or equal to ten times of premium are exempted from tax while paying the premium and while taking the maturity.

LIC JEEVAN SHIKHAR
LIC JEEVAN SHIKHAR

This plan also takes care of liquidity need through its loan facility.

BENEFITS:

Death Benefit: On death during first five policy years: Before 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.

On death after completion of five policy years but before the stipulated Date of Maturity:

“Sum Assured on Death “equal to 10 times the tabular single premium along with Loyalty Addition, if any, shall be payable.

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

ELIGIBILITY CONDITIONS AND OTHER RESTRICTIONS:

  1. Minimum Entry Age                                      : 6 years (completed)
  2. Maximum Entry Age                                     : 45 years (nearer birthday)
  3. Sum Assured on Death                                : 10 times of tabular single  premium
  4. Minimum Maturity Sum Assured                   : Rs. 100,000/-
  5. Maximum Maturity Sum Assured                  : No Limit

(Maturity Sum Assured shall be in multiple of Rs. 20,000/- only.)

  1. Policy Term                                                  :15 years
  2. Premium payment mode                             : Single premium only

 

LIC JEEVAN SHIKHAR
LIC JEEVAN SHIKHAR

Loan:

Loan facility shall be available under the plan at any time during the policy term after. 3 months from the date of acceptance of risk or after expiry of the free-look period, whichever is later. Depending on the age at entry, the maximum loan that can be granted as a percentage of surrender value for different policy terms are as under:

Policy year Maximum Loan Amount as a % of surrender value for age at entry <=35 Maximum Loan Amount as a % of surrender value for age at entry >35 years.
*3 month to 3rd 55% 35%
4th   to 6th 65% 50%
7th   to 9th 75% 70%
10th   to 12th 80% 80%
13th to 15th 85% 85%

*3 month means loan can be availed after three months from Date of acceptance of risk or after expiry of the Free-look period, whichever is later.

buy jeevan shikhar
buy jeevan shikhar
buy lic JEEVAN SHIKHAR
buy lic JEEVAN SHIKHAR

 

Jeevan Shikhar lic
Jeevan Shikhar lic
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