LIC has launched a Single Premium Money Back Plan yesterday called LIC Jeevan Shagun which is open for sale only for a period of 90 days from the launch date, which is yesterday. This policy offers Loyalty Benefits after completion of 5 policy years. The Maturity Sum Assured in this plan is chosen and the premium is calculated according to the Life Insured’s age since the policy has a Fixed Tenure of 12 years
There is Survival Benefit in this plan of 15% of the Maturity Sum Assured at the end of the 10th Policy Year and 20% of the Maturity Sum Assured at the end of the 11th Policy Year. The remaining 65% of the Maturity Sum Assured along with Loyalty Additions would be paid on survival at the end of the Policy Tenure as Maturity Benefit and the policy terminates.
Read full Review of LIC Jeevan Shagun Plan
