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Single PremiumJeevan Nidhi Plan 818

 Plan Number: 818

 Plan name: New Jeevan Nidhi

 Minimum Eligible Age: 20

 Maximum Eligible Age: 60 (Nearest Birthday)

 

  Minimum Maximum
Basic Sum Assured (in Rs.) 1,50,000

No Limit

Deferment Period (in years) 5 35
Premium Payment Mode Yly, Hly, Qly, Monthly (ECS or salary deduction)
Entry Age (in years) 20 60 for Single Premium
Age at Vesting (in years)

55

65
 

 

 Death Benefit**

Before first 5 years : BSA + GA @ 50 per thousand BSA which is Payable as Lump sum / Annuity OR Partly Lump sum & Balance as annuity
Death Benefit After first 5 years: BSA plus GA for 5 Years @ 50 per thousand BSA plus Bonus accrued from 6th year of policy plus Final additional Bonus if any. (Payable Lump sum / Annuity OR Partly Lump sum & Balance as annuity)
** Total death benefit at any time shall not be less than 105% of total premiums Paid.


 Benefits on Vesting**

BSA plus GA for 5 Years @ 50 per thousand BSA plus Bonus accrued from 6th year of policy plus Final additional Bonus if any. ** Proceeds are Payable in two choices
* Purchase an immediate annuity. From LIC of India only.
* After commuting to the extent allowed under IT act. / Without commuting
* Purchase a new single premium deferred pension product from LIC of India
Without commuting
** Provided the amount required is sufficient to purchase a minimum amount of annuity .If not it will be paid out in a lump sum

 

 

 

 

Product New

LIC RaVin -The LIC Premium Calculator for Mobile Phone

Cost

Rs: 1200/-