<p>LIC has launched yet another micro-insurance policy <strong>Jeevan Deep</strong> (T-810) ;for the economically weaker sections.</p>



<p><strong>Jeevan Deep Benefits:</strong></p>



<p><strong>Death Benefit:</strong></p>



<ul class="wp-block-list"><li><em>during the policy term excluding last policy year:</em> Basic Sum Assured along with accrued Guaranteed Additions will be paid to the nominee.</li><li><em>during last policy year:</em> Basic Sum Assured with accrued Guaranteed Additions along with Loyalty ;Addition, if any.</li></ul>



<p><strong>Maturity Benefit:</strong><br />Payment of the Basic Sum Assured along with accrued guaranteed additions and loyalty additions, if any, shall be payable to the policyholder.</p>



<p><strong>What will be Guaranteed Addition?</strong><br />Guaranteed Addition of Rs 20/- per Rs.1000/- Basic Sum Assured per year during the term of the<br />policy.</p>



<p><strong>Loyalty Addition:</strong><br />Loyalty Addition will be given on last policy year, depending on LIC&#8217;s ;profitability.</p>



<p><strong>Premium:</strong><br />You may pay monthly, quarterly, half-yearly, and yearly premiums. You may also pay a single premium<br />instead of regular premiums.</p>



<h3 class="wp-block-heading"><strong>Eligibility Conditions and Restrictions:</strong></h3>



<ul class="wp-block-list"><li>Minimum age at entry: 18 years (completed)</li><li>Maximum age at entry: 60 years (nearest birthday)</li><li>Maximum Maturity Age: 65 years (nearest birthday)</li><li>Policy Term: 5-15 years</li><li>Minimum Sum Assured: Rs. 5000/-</li><li>Maximum Sum Assured: Rs. 30000/- (in multiples of Rs. 1,000/-)</li><li>Loan: Not allowed under this plan</li><li>Surrender Value: Surrender option available after 2 years.</li></ul>



<p><strong>Grace Period and Revival:</strong> 60 days grace period will be given to pay premiums. If premiums are not paid in the grace period, the policy will lapse. A lapsed policy can be revived by paying premium arrears along with satisfactory reasons.</p>



<p><strong>Example:</strong> If 30 years old Mr. Anand buys, Jeevan deep policy for a sum assured Rs.30,000/- with 15 years term, he will have to pay a single premium of Rs.20,425 or Rs.2,116 yearly. On maturity he will receive Rs.30,000 (sum assured) + Rs.9000 (Guaranteed Addition) + Loyalty addition. Total Rs.45,000/- Approx.</p>



<p>Other Micro insurance policies:</p>



<ol class="wp-block-list"><li>Jeevan Madhur</li><li><a title="LIC Jeevan Mangal" href="https://mypaisa.in/lic-jeevan-mangal-micro-insurance/" target="_blank" rel="noopener">Jeevan Mangal</a></li><li>Jeevan Deep</li></ol>



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<p class="has-text-align-center"><span style="color: #ff0000;"><strong>Update: LIC Jeevan Deep Table No. 810 Has Been Discontinued</strong></span></p>



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This post was last modified on March 22, 2021
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