LIC Jeevan Shikhar Plan
LICs Jeevan Shikhar Plan
Life Insurance Corporation (LIC) of India has launched another endowment plan Jeevan Shikhar, just days after launching Jeevan Labh on January 4. Jeevan Shikhar launched on January 11, is a limited-period closed-ended plan, available for 120 days from the launch date i.e till March 31, 2016. This is a participating, non-linked, savings cum protection single premium plan wherein the risk cover is ten times of tabular single premium. Those in the age of 6-45 brackets can opt for this plan. You can choose the maturity sum assured and your single premium payable will depend on this amount and your age. The minimum sum assured is Rs 100,000 with no upper limit. The policy term is 15 years and the maturity sum assured will be in multiples of Rs 20,000. A loan facility is also available on this plan.
Compare this plan with other Investment Plans
LIC Jeevan Shikhar Plan - Key Features
On death during first five policy years: Before the date of commencement of risk, single premium without interest is refunded. After the date of co
On death during first five policy years: Before the date of commencement of risk, single premium without interest is refunded. After the date of co...
Depending upon the corporation's experience, the policy shall participate in the profits in the form of Loyalty Addition. The loyalty addition, if
Depending upon the corporation's experience, the policy shall participate in the profits in the form of Loyalty Addition. The loyalty addition, if...
How it Works?
|Age at entry (Nearest Birthday)||Tabular Single Premium Rates (Rs.)|
Eligibility conditions and other restrictions in LIC JEEVAN SHIKHAR
|Entry Age||Minimum: 6 years (completed)|
|Maximum: 45 years (nearer birthday)|
|Minimum Maturity Sum Assured:||Rs. 100,000/-.|
|Maximum Maturity Sum Assured:||No Limit.|
|Policy term:||15 years.|
|Premium Payment Mode:||Single Premium.|
|Maturity Sum Assured:||Multiple of Rs. 20,000/-.|
LIC Jeevan Shikhar Plan - FAQs
- If policy is surrendered in first year: 70% of the single premium
- Thereafter: 90% of the single premium
If the policy is surrendered after completion of five policy years applicable loyalty addition (if any) will also be paid.