Lic Jeevan Shagun Single Premium Payment Plan Table no 826 Details
2. LIC’s Jeevan Shagun Single Premium Plan 826 -BenefitsDeath Benefit:On death during first five policy years:Basic Sum assured i.e. 10 times the tabular single premium shall be payable.On death after completion of five policy years:Basic Sum assured i.e. 10 times the tabular single premium along with Loyalty Addition, if any, shall bepayable.Survival Benefit:On Life Assured surviving to the end of the specified durations, the following Survival benefit shall bepayable.At the end of 10th policy year: 15% of the Maturity Sum Assured.At the end of 11th policy year: 20% of the Maturity Sum Assured.This scheme will be available for 90 days only from 01-09-2014. 3. LIC’s Jeevan Shagun Single Premium Plan 826– BenefitsMaturity Benefit:On maturity, 65% of the Maturity Sum Assured along with Loyalty Addition, if any, shall be payable.Loyalty Addition:Depending upon the Corporation’s experience, a policy shall participate in the profits in the form ofLoyalty Addition. The Loyalty Addition, if any, shall be payable on death or surrender, provided the policyhas run for at least five policy years, or on policyholder surviving to the maturity, at such rate and on suchterms as may be declared by the Corporation.ELIGIBILITY CONDITIONS AND OTHER RESTRICTIONS:Minimum Entry Age : 8 years (completed)Maximum Entry Age : 45 years (nearest birthday)Minimum/Maximum Basic Sum Assured : 10 times of tabular single premium paidMinimum Maturity Sum Assured : Rs. 60,000/-Maximum Maturity Sum Assured : No LimitMaturity Sum Assured shall be available in multiples of Rs. 5,000/-.Policy Term : 12 yearsPremium payment mode : Single premium onlyThis scheme will be available for 90 days only from 01-09-2014.
- 1. LIC Jeevan Shagun Single Premium Plan No. 826