Product Summary :
LIC’s Nav Jeevan Shree is a Non-Par, Non-Linked, Life, Individual, Savings plan. This plan offers attractive combinations of savings and protection and is specially designed to have an adequate corpus to meet your various needs. This is a Limited Premium Endowment plan with Guaranteed Additions.
Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(ECS)
Term and PPT :
PPT 6 year : Term 10 to 20
PPT 8 and 10 year : Term 15 to 20
PPT 12 year : Term 16 to 20
Minimum Entry Age :
0 Year (30 days completed)
Maximum Entry Age :
60 yrs nbd for PPT 6, 8 and 10 yrs
59 yrs nbd for PPT 6, 8 and 10 yrs
Minimum Sum Assured :
5,00,000
Maximum Sum Assured :
NO LIMIT (Depending upon Income)
Policy Benefits :
On Death :
On death Before the Date of Commencement of Risk:
An amount equal to the total amount of premiums paid excluding taxes, extra premium and rider premium, if any shall be payable.
On death After the Date of Commencement of Risk:
Sum Assured on Death + Guaranteed Additions
SUM ASSURED ON DEATH:
Option-1: Higher of 7 times of Tabular Premium OR Basic Sum Assured
Option-2: Higher of 10 times of Tabular Premium OR Basic Sum Assured
On Survival :
Basic Sum Assured + Guaranteed Additions
GUARANTEED ADDITIONS:
As a percentage of Total Tabular Annual Premium Paid Policy Term: 10 to 13 years – 8.50%, 14 to 17 years-9.00%, 18 to 20 years- 9.50%
Surrendered Value :
The policy can be surrendered at any time during the policy term provided premiums have been paid for full one years.
Loan :
Loan facility is available under this plan after the payment of premiums for at least one full years.
Income Tax Benefit :
* Premium paid under this plan is eligible for TAX rebate under section 80c.
* Maturity under this plan is free under sec 10(10D).
Proposal Form : 300/360 shall be used under this plan.
More Details… or Call 9990286759
