Category: Withdrwan Plans

LIC Jeevan Vaibhav

Jeevan Vaibhav – LIC’s Jeevan Vaibhav (Table No. 809) is a single premium non- linked endowment assurance plan which provides for payment of Sum Assured on maturity or on death. Loyalty addit ion, if any, is also payable on death during the last policy year or on maturity. (Closed for Sale).

1) Benefits:

A) Death Benefit :

On death during the policy term, excluding last policy year: Sum Assured shall be payable.

On death during the last policy year: Sum Assured along with Loyalty Addit ion, if any, shall be payable.

B) Maturity Benefit :

On maturity, the Sum Assured along with Loyalty Addit ion, if any, shall be payable.

C) Loyalty Addition:

Depending upon the Corporat ion’s experience with regard to policies issued under this plan, the policy will be eligible for Loyalty Addit ion on death during the last policy year or on the Life Assured surviving the st ipulated date of maturity at such rate and on such terms as may be declared by the Corporat ion.

2 ) Eligibility Conditions and Restrictions

Minimum Ent ry Age : 8 years (completed)

Maximum Ent ry Age : 65 years (nearest birthday)

Mode of Premium Payment : Single premium

Minimum Sum Assured : Rs.2,00,000/ –

Maximum Sum Assured : No Limit

The sum assured shall be in mult iple of Rs.10,000/ –

Policy Term : 10 years

Age at entry of the Policyholder is to taken as age nearest birthday except for minimum age at entry i.e. 8 years.

You may also give your review or ask for free quotaion/ presentaion/ charts on LIC New Jeevan Vaibhav.

For Example on LIC’s Jeevan Vaibhav Click here.LIC Jeevan Vaibhav.

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