There is a lot of money to be made in the stock market, but if you want to invest in a place where your money is safe and your profits are high, the Jeevan Shiromani Plan is a better option. Even if you only invest one rupee in this scheme, you will make a fortune. This policy (Jeevan Shiromani Plan In Hindi) provides both protection and savings.¬
The amount guaranteed of Rs 1 crore
In reality, the LIC plan (Jeevan Shiromani Plan Benefits) is a non-linked plan. This includes a guarantee of at least Rs 1 crore in sum assured. LIC continues to provide many good policies to its customers in order to secure their lives. Actually, the policy’s minimum return is Rs 1 crore. That is, if you deposit one rupee for 14 years, you will receive a total return of up to one crore.
What is the overall strategy?
This scheme was launched on December 19, 2017, by LIC’s Jeevan Shiromani (Table No. 847). This is a limited premium payment money-back plan that is not linked. It is a market-linked benefit program. This scheme is designed specifically for HNIs (High Net Worth Individuals). This policy also covers critical illnesses. It also includes three optional riders.
Obtain financial assistance
The Jeevan Shiromani plan provides financial support to the policyholder’s family in the form of a death benefit during the policy term. In this policy, the facility of payment has been provided during the specified period in the event of the policyholders’ survival. In addition, a lump sum payment is made upon maturity.
View Survival Advantage
Survival Benefit is a fixed payout made if the policyholders survive. This is the payment procedure under this.
A 1.14-year policy with 30-30% of the sum assured in the 10th and 12th years
2. 16-year policy -12th and 14th years 35-35% of sum assured
3. 18-year policy (14th and 16th years) 40 percent of the sum assured
4. A 20-year policy that pays out 45-45 percent of the sum assured in the 16th and 18th years.
The unique feature of this policy is that the customer can borrow against the surrender value of the policy during the policy term. However, this loan will only be available under the terms and conditions of LIC. The policy loan will be available at an interest rate to be determined at the time.
Conditions of use
1. Minimum Assured Sum – Rs 1 Crore
2. Maximum Sum Assured: There is no limit (Basic Sum Assured will be in multiples of 5 lakhs.)
3. Policy Duration: 14, 16, 18, and 20 years
4. How long will the premium be paid: 4 years
5. Minimum entry age: 18 years
6. Maximum entry age: 55 years for 14-year policies, 51 years for 16-year policies, 48 years for 18-year policies, and 45 years for 20-year policies.
