Lic Jeevan Shagun Policy (Plan 826)

Contents

1 LIC Jeevan Shagun Policy (Plan No 826) Review
2 Lic Jeevan Shagun Plan Conditions
3 LIC Jeevan Shagun Policy Rebates
4 Lic Jeevan Shagun Calculator
5 Lic Jeevan Shagun Benefits
6 LIC Corporation Employees Rebates
7 Lic New Plan Jeevan Shagun Credit to Do’s and Agents
8 Lic’s Jeevan Shagun Surrender Value
9 Loan Value of Jeevan Shagun 826 policy
10 Jeevan Shagun Lic Policy Proposal Forms
11 LIC Jeevan Shagun Premium Calculator
12 LIC Jeevan Shagun Maturity Calculator
13 Other Money Back Plans available in LIC

LIC Jeevan Shagun Policy (Plan No 826) Review

LIC Jeevan Shagun is going to come in the market from 1st September 2014. LIC India Jeevan Shagun is available for Maximum Period of 90 Days. Lic Jeevan shagun plan is a Single Premium Money Back Policy. LIC Jeevan Shagun Provides High Level of Death Cover like Jeevan Saral during the term of the Policy.

In Jeevan Shagun lic policy, Policyholder has an Option to Select Maturity Sum Assured based on it Single Premium is Fixed. Special Feature of this policy is, at the time of taking the policy itself we can know the maturity amount that we get after the term of the policy.

Lic Jeevan Shagun Plan Conditions

Minimum Entry Age: 8 Years (Completed).

Maximum Entry Age: 45 Years.

Premium Payment: One Time Payment.

Minimum Maturity Sum Assured: Rs. 60,000 /-.

Maximum Maturity Sum Assured: No Limit.

Policy Term: 12 Years.

LIC Jeevan Shagun Policy Rebates

Maturity Sum Assured	Rebates per 1000 Rs MSA
Up to Rs. 1,50,000 /-	Nil
Rs. 1,50,000 /- to Rs. 3,95,000 /-	Rs. 15 /-
Rs. 4,00,000 and above	Rs. 20 /-

Lic Jeevan Shagun Calculator

Lic Jeevan Shagun calculator helps you to calculate the premiums, benefits, bonus, loan value, etc. You can calculate the premium rates based on Sum Assured, age, etc. using Lic Jeevan Shagun Premium calculator.

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Lic Jeevan Shagun Benefits

Death Benefit

Death During the first 5 Years from the date of taking Policy:

Basic Sum Assured i.e. 10 times of the single Premium Payable.

Death after 5 Years from the date of taking Policy:

Basic Sum Assured i.e. 10 times of the single Premium Along with Loyalty Addition if any.

Survival Benefits

If Policyholder Survives until the end of the specific Periods, Survival Benefits are Payables like below.

At the end of 10th Policy year: 15% of the Maturity Sum Assured.

At the end of 11th Policy year: 20% of the Maturity Sum Assured.

Maturity Benefits

At the end of the Policy Term, 65% of Maturity Sum Assured along with Loyalty Addition is payable.

LIC Corporation Employees Rebates

Rebate of 2 % on tabular Premium is given if the policy has taken under Corporation Employee’s Insurance Scheme (CEIS).

Lic New Plan Jeevan Shagun Credit to Do’s and Agents

DO credit: 5%.

Agent Credit: 2%.

No Bonus Commission Payable.

Lic’s Jeevan Shagun Surrender Value

Policy can be surrendered at any time during the term of the policy.

Guaranteed Surrender value

If the Policy is surrendered during the first year from the date of taking the policy only 75% of Single Premium is paid back.
If the Policy is Surrendered after the first year from the date of taking the policy, then 90 % of Single Premium is Paid Back excluding any survival benefits paid and taxes. For information about Tax Insurance Policies refer www.taxqueries.in