LIC’s New plan NEW JEEVAN NIDHI table no. 812

LIC’s New plan NEW JEEVAN NIDHI table no. 812 implemented: -
LIC’s New Jeevan Nidhi Plan is a conventional with-profits pension plan which provides for death cover
during the deferment period and offers annuity on survival to the date of vesting.
BENEFITS:-
(a) Death Benefit:

Death during first five policy years: Provided the policy is in full force, Basic Sum Assured along with
accrued Guaranteed Addition shall be paid as lump sum or in the form of an annuity or partly in lump sum
and balance in the form of an annuity to the nominee/legal heir at the then prevailing immediate annuity
rates.
Death after first five policy years: Provided the policy is in full force, Basic Sum Assured along with accrued
Guaranteed Addition, vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be paid
as lump sum or in the form of an annuity or partly in lump sum and balance in the form of an annuity to
the nominee/legal heir at the then prevailing immediate annuity rates.
(b) Benefit on Vesting:
Provided the policy is in full force, on vesting, an amount equal to the Basic Sum Assured along with
accrued Guaranteed Additions, vested Simple Reversionary Bonuses and Final Additional Bonus, if any,
shall be made available to the Life Assured.
ELIGIBILITY CONDITIONS AND FEATURES:
For Basic Plan:
a) Minimum age at entry : 20 years (nearest birthday)
b) Maximum age at entry : 60 years (nearest birthday)
c) Minimum age at vesting : 55 years (nearest birthday)
d) Maximum age at vesting : 65 years (nearest birthday)
e) Minimum Deferment period : 5 years
f) Maximum Deferment period : 35 years
g) Minimum Sum Assured : Rs.1, 50,000/- for Single Premium
Rs.1, 00,000/- for Regular Premium
h) Maximum Sum Assured : No limit.
The Sum Assured under the Basic Plan shall be in multiples of Rs. 5,000/-.
For Accident Benefit Rider (Only in case of Regular Premium Policies):
a) Minimum age at entry : 20 years (nearest birthday)
b) Maximum age at entry : 60 years (nearest birthday)
c) Minimum/ Maximum Term : same as deferment period under the Basic Plan
d) Minimum Accident Benefit Sum Assured : Rs.25, 000/-
e) Maximum Accident Benefit Sum Assured : An amount equal to the Basic Sum Assured subject to the
maximum of Rs.50 lakh overall limit considering the Accident Benefit Sum Assured in respect of all existing
policies on the life of the Life Assured under individual and group policies including the policies with inbuilt
Accident Benefit taken from Life Insurance Corporation of India and other Insurance companies and the
Accident Benefit Sum Assured under new proposal into consideration.
The Accident Benefit Sum Assured shall be in multiples of Rs. 5,000/-.
MODES AVAILABLE:-
Premiums are payable either by Single Premium or regularly during the deferment period with modes
of premium payment Yearly, Half yearly, Quarterly, Monthly [ECS or through Salary deductions (SSS).
For Any Clarification or More Information Regarding the Plan/ Investment, Please Call to us: +91 9885126368, and +91 9246826368, or Write to us through the ‘E-mail Us’:- licbestplang@gmail.com, www.plotsinhyd.com