Plan Features
Death Benefit: The death benefit of LIC Jeevan Vriddhi Policy is 5 times of the basic single premium paid by the insured. If the single premium is Rs. 50000 the Basic sum assured (Death Benefit) is Rs. 250000. If the policy holder died within the maturity period the nominee will get the basic sum assured.
Maturity Benefit: Maturity benefit of Jeevan Vridhi Policy is varying according to the joining age of the policy holder. It varies from 98.5 % to 58% as the starting age of the policy holder. This maturity sum assured is also known as guaranteed sum assured and LIC of India is bound to pay the guaranteed sum assured to the policy holder after the maturity, if he or she is alive at that time. The following tables show the guaranteed sum assured for different joining age for a single premium of Rs. 100000.
Maturity Benefit: Maturity benefit of Jeevan Vridhi Policy is varying according to the joining age of the policy holder. It varies from 98.5 % to 58% as the starting age of the policy holder. This maturity sum assured is also known as guaranteed sum assured and LIC of India is bound to pay the guaranteed sum assured to the policy holder after the maturity, if he or she is alive at that time. The following tables show the guaranteed sum assured for different joining age for a single premium of Rs. 100000.
jeevan_vriddhi_maturity.xls | |
File Size: | 30 kb |
File Type: | xls |
Plan Parameters
Minimum Age at Entry: 8 yrs
Maximum Age at Entry: 50 yrs
Minimum Premium paying Term: single premium
Maximum Premium Paying Term: single premium
Minimum Sum Assured: 1,50,000
Maximum Sum Assured: No Limit
Maximum Age at Entry: 50 yrs
Minimum Premium paying Term: single premium
Maximum Premium Paying Term: single premium
Minimum Sum Assured: 1,50,000
Maximum Sum Assured: No Limit
Example
Mr. Shah, aged 25 years, takes jeevan vriddhi policy with Sum Assured Rs. 5 lacs. He has to pay single premium of Rs.1,00,000/- (excluding service tax). On maturity, Mr. Patel will get Rs.2,00,948/- (excluding Loyalty Addition, if any).