In this scheme of LIC, you can invest Rs 1 crore only for 4 years, know the complete details

LIC Jeevan Shiromani Plan: India’s largest and oldest insurance company LIC keeps coming up with different schemes for every section of the country. The purpose of these plans is that every section of the country like women, children, poor class, middle class and high income group can invest in different schemes. If you also belong to the high income group and want to get strong returns in a short period, then we are giving you information about excellent investment options for this. The name of this scheme of LIC is Jeevan Shiromani Plan. Come, we are giving you information about the details of this plan.

Gets a sum assured of Rs 1 crore
Let us tell you that LIC’s Jeevan Shiromani Plan is a Non Linked, Participating, Individual, Life Insurance Saving Plan. Life Insurance Corporation of India has made this policy especially for people with high income. The special thing about this policy is that by investing in it in a short period, you can get the benefit of sum assured of Rs 1 crore. LIC started this policy in the year 2017. This is a money back scheme in which investment has to be made only for 4 years. After this, money is received in the form of money back in the long term.

get double benefit
The most important thing about LIC’s Jeevan Shiromani Plan is that it gives double benefits to its investors. On the survival of the policyholder, he gets the survival benefit. Fixed returns ie money back is available according to the term of its policy. On the other hand, if a policyholder dies, then in such a situation his family gets a fixed amount as death benefit together.

When do you get the benefit of money back-
In a 14-year policy, the investor gets 30% of the sum assured in the 10th and 12th years.
In a policy of 16 years, the investor gets 35% S. Assured in the 12th and 14th year.
In an 18-year policy, the investor gets 40% of the sum assured in the 14th and 16th year.
In a 20-year policy, the sum assured of 45% is available to the investor in the 16th and 1st year.

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Some important terms and conditions of the policy-

• Minimum Sum Assured – 1 Crore
• Maximum Sum Assured – There is no limit on the maximum.
• Policy term – 14, 16, 18 and 20 years
• Premium – 4 years
• Minimum age to buy policy – ​​18 years
• Maximum investment age- 55 years (policy term 14 years), 51 years (policy term 16 years), 48 years (policy term 18 years) and 45 years (policy term 20 years).

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