New Delhi: Dreaming of a secure future often leads us to seek reliable investment options that promise both safety and substantial returns. Enter LIC’s Jeevan Shiromani Plan, a beacon of financial stability that offers investors the opportunity to safeguard their loved ones while reaping the benefits of assured returns.
LIC Jeevan Shiromani Plan
Launched on December 19, 2017, LIC’s Jeevan Shiromani Plan stands tall as a non-linked scheme that guarantees investors a minimum basic sum assured of Rs 1 crore. (Also Read: BharatPe Faces Government Inquiry Amidst Legal Turmoil)
This market-linked benefit plan not only assures financial security but also extends coverage for critical illnesses, catering to the holistic well-being of policyholders and their families.
LIC Jeevan Shiromani Plan: Tailored Options For Investor
Flexibility reigns supreme with the Jeevan Shiromani Plan, offering investors three distinct options to align with their preferences. Whether it’s the promise of guaranteed returns, coverage for critical illnesses, or financial support for the family in times of need, this plan caters to diverse needs and aspirations.
LIC Jeevan Shiromani Plan: Premiums’ Payment
Delving into the specifics, investors can conveniently pay premiums on a yearly, half-yearly, quarterly, or monthly basis via NACH or salary deductions.
LIC Jeevan Shiromani Plan: Age Limit
The plan welcomes investors from the age of 18, extending its protective wings until the age of 55.
LIC Jeevan Shiromani Plan: Policy Tenures And Other Details
With a maximum policy tenure of 14 years for those starting at 55 and a generous 45-year investment window for those beginning at 20, the plan accommodates varying life stages and aspirations.
LIC Jeevan Shiromani Plan: Sum Assured
In the unfortunate event of the investor’s demise during the policy term, the nominee receives the “Sum Assured on Death” along with accrued Guaranteed Additions.
In the initial five years, this provides essential financial support, later augmented by additional benefits including Loyalty Addition, if applicable, ensuring a comprehensive safety net for the policyholder’s loved ones.