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.
LIC Jeevan Vriddhi
Tags: investment
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.
2 lakh ke investment per 10 year bad kitna maturity amount milega
please send me premium chart of jeevan vaibhav
Send me details of Jeevan Vaibhav policy with example for SA2Lakhs,3lakhs,5lakhs. Age is 40.
Please send me jeevan vaibhav plan details my investment suppose to Rs. 50000/- My age 41 yrs.
lic is givenging more comission to agents
plz send the age wise prenmium details.
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
please give me the details of jeevan vaibhav with example
is guaranteed return at maturity after 10 yrs more than double of the premium ?