LIC Jeevan Surabhi 25 Years

views

views

This plan has been withdrawn by the insurance company and is no longer available for sale.

LIC Jeevan Surabhi Plan 25 years

LIC Jeevan Surabhi Plan 25 years is a simple Money Back Plan with pre defined survival benefits. This is a non unit-linked insurance traditional plan. The Premium is paid for only 18 years but the cover remains for the entire tenure of 25 years. If the Life Insured survives then he would receive 20% of the Sum Assured at the end of 4, 8, 12, 15 and 18 years and life cover continues till the policy matures where she would receive the Bonus. However, if the Life Insured dies within the policy tenure, then the nominee would receive the Sum Assured, which keeps increasing by 50% once in every 5 years.

Key Features of LIC Jeevan Surabhi Plan 25 years

Death Benefit increases by 50% once in every 5 years
Simple Reversionary Bonus is payable on Policy Maturity
Survival Benefit is receive 20% of the Sum Assured at the end of 4, 8, 12, 15 and 18 years and life cover continues till the policy matures
Extended risk cover for three years after 7 years premium payment.
Optional higher cover through Riders

COMPARE THIS PLAN WITH OTHER MONEY BACK PLANS

I authorize MyInsuranceClub & its partners to Call/SMS & agree to the Terms of Use.

Show premiums

Benefits you get from LIC Jeevan Surabhi Plan 25 years

Death Benefit – In case of death of the Life Insured, the nominee receives the following + accrued Bonus

Policy Term Total 15 years	Death Benefit
0 to 5 years	Only Sum Assured
6 to 10 years	1.5 times Sum Assured
11 to 15 years	2 times Sum Assured
16 to 20 years	2.5 times Sum Assured
21 to 25 years	3 times Sum Assured

Survival Benefit – The Life Insured would receive The following Survival Benefit

Policy Term Total 15 years	Survival Benefit
End of 4 years	20% of Sum Assured
End of 8 years	20% of Sum Assured
End of 12 years	20% of Sum Assured
End of 15 years	20% of Sum Assured
End of 18 years	20% of Sum Assured

Check the Bonus rate of LIC Jeevan Surabhi 20 Years Policy

Maturity Benefit – At the maturity of the policy, the insured will get the accrued Bonus

Income Tax Benefit – Premiums paid under life insurance policy are exempted from tax under Section 80 C and maturity proceeds are exempted from tax under Section 10 (10D)

Eligibility conditions and other restrictions in LIC Jeevan Surabhi Plan 25 years

	Minimum	Maximum
Sum Assured (in Rs.)	50,000	No Limit
Policy Term (in years)	25 years
Premium Payment Term (in years)	18 years
Entry Age of Life Insured (in years)	14	45
Age at Maturity (in years)	-	70
Premium (in Rs.)	Nothing Specified
Payment modes	Yearly, Half-yearly, Quarterly, Monthly and SSS

Sample illustration of premium of LIC Jeevan Surabhi Plan 25 years

The below illustration is for a healthy Male (non-tobacco user) opting for a

Age = 30 years, 35 years and 40 years

Sum Assured = Rs 1,00,000 which rises to Rs 3,00,000 by the end of the 25^th year

Policy Term = 15 years.

LIC Jeevan Surabhi 25 years Sample Premium Values

Additional Features and Benefits of LIC Jeevan Surabhi Plan 25 years

Riders- There is 1 additional rider in this plan

· Accidental Death Benefit Rider of Re 1 per Rs 1000 Sum Assured.

What happens if?

You stop paying the premium – If you stop paying the premiums after 3 policy years, the policy acquires a Paid Up Value for a Reduced Sum Assured but the policy would be eligible for any future regular additions.

You want to surrender the policy – There is a Guaranteed Surrender Value after 3 policy years
Guaranteed Surrender Value = 30% of all premiums paid – 1st year’s premium

You want a loan against your policy – Loan facility is available under this policy

LIC Jeevan Surabhi 25 Years var leadSource = "life-insurance/companies/lic-of-india/jeevan-surabhi-25"; var plan_name = "LIC Jeevan Surabhi 25 Years";