LIC Jeevan Vaibhav

LIC Jeevan Vaibhav

LIC Jeevan Vaibhav (Plan No.809) is a non-linked one-time premium endowment assurance policy. Jeevan Vaibhav is a guaranteed return plan. Being a non-linked plan share market risk is Nil.

Policy Availability:
LIC Jeevan Vaibhav is a close-ended plan. It will be available for sale from 21st May 2012 for a maximum period of 120 days.

Benefits:

Death Benefit:

  • During Policy term, excluding last policy year: Sum Assured shall be payable to the nominee.
  • During the last policy year: Sum Assured along with Loyalty Addition, if any, shall be payable to the nominee.

Maturity Benefit:
On the maturity date, the sum assured along with loyalty addition, if any, will be payable to the policyholder.

Eligibility Conditions and Restrictions for LIC Jeevan Vaibhav

  • Minimum Entry Age: 8 years (completed)
  • Maximum Entry Age: 65 years (nearest birthday)
  • Mode of Premium Payment: Single premium
  • Policy Term: 10 years
  • Minimum Sum Assured: Rs.2 lakh
  • Maximum Sum Assured: No Max Limit
  • The sum assured would be in multiple of Rs.10,000/-
  • Back-dating: Yes
  • Loan: Available

Rebate:
Large SA rebate tabular premium per thousand sum assured is as under:
Upto Rs.3,90,000/- : Nil
Rs.4,00,000/- to Rs.5,90,000/- : 2.00
Rs.6,00,000/- and above :  3.00

Loan on policy:
A loan will be given after the completion of one policy year. The loan amount would be a maximum of 70% of surrender value at the rate of 10.25% p.a. compounding half-yearly.

Guaranteed Surrender Value (GSV):
GSV is available after the completion of one policy year. GSV will be 90% of the single premium paid excluding extra premium if any.

Special Surrender Value (SSV):
SSV will be payable if it’s more favorable to the policyholder. SSV is the discounted value to the sum assured. SSV will depend on the policy term and the duration elapsed since the commencement of the policy.

Proposal form:
Form No. 300 or 340


Update: LIC Jeevan Vaibhav Plan No. 809 Has Been Discontinued.


31 thoughts on “LIC Jeevan Vaibhav”

  1. i want to gift my Grand Child Rs 100000/- which is the best policy to buy as one time premium for 21 years. reply on my email please.

  2. singal premium ka koi plan hai to kirpya hamare mob.no.9871014838 par call kare

    Thanks

    Rakesh Tiwari

  3. Pls send me jeevan vabhav policy with example for S.A.100000 ,200000 age 26, 28, 49. Pls sent on my email id.

  4. i have invest in lic policy and return maturity sum of rs.500000 so which policy is suitable for me & monthly how much paid for this policy.

  5. Rajendrakumar Vibhute

    Send me details of Jeevan Vaibhav policy with example for SA2Lakhs,3lakhs,5lakhs. Age is 40.

  6. Mr. Rajiv V Kulkarni

    Please send me jeevan vaibhav plan details my investment suppose to Rs. 50000/- My age 41 yrs.

  7. require the minimum policy sum to be assured and benefit of
    jeevan viabhav and terms and how itis good to jeevan vridhi.
    and what is the difference between both jeevan vridhi and jeevan vaibhav

  8. age 42yers. inestment 2.00lakhs.what will be the minimun return at the age of 60.please send the details.

  9. ch.vidhya sagar

    lic is very good profession that i believe from my bottom of my heart …… but i want the way to success in it…… please DO s and some agents suggest me to do well…….

  10. deepshikha chatterjee

    please let me know the premim for a policy of 10 lakh sum assured age 11 year.

  11. anandsivakumar.p

    lic branches for loan /surrender ,
    the staffs takes more time process/delivering loan/sumerender cheqeus very late.

  12. chandra singh adhikari

    sir
    iam very happy to see that 10000 deposit policy .and very happy to see that non linked plan risk nill share market

Comments are closed.