LIC Jeevan Shiromani Plan 847 Details

LIC Jeevan Shiromani Money Back Policy Plan- 847 Features

This is a non-linked LIMITED payment money back plan with inbuilt critical illness for high net worth individuals.

# Non-linked
# With profits
# Limited Premium Payment Term
# Money Back

LIC JEEVAN SHIROMANI Policy Plan 847 Maturity Benefit

LIC JEEVAN SHIROMANI Plan 847 Eligibility:

Mini Sum assured Rs 1 crore
Maxi Sum assured No Limit (Depends of Income)
Policy term 14, 16, 18, 20 years
Premium term Policy term less 4 years. (i.e., 10, 12, 14 and 16 years.)
Mini Age at entry 18 completed.
Maxi age: 55yrs (NBD) for 14, 51yr for 16, 48yr for 18 and 45 yr. for 20 years term Policy
Max Maturity age 69 yrs. (NBD) for 14, 67 yr. for 16, 66 yr. for 18 and 65 yr. for 20 years term Policy
Rider DAB& EPDB, DAB, Term and critical illness riders allowed.
Mode Yearly, Half yearly, Qly, NACH and SSS
Grace period 30 days.
Paid value 1-year PAID VALUE acquired and proportionate benefit like SB due and Maturity value payable based on such “Maturity Paid Value Sum assured”
Loan/Surrender Allowed.
Medical Must: SUC 125% + Critical + Term rider Sum Assured if any. (Inbuilt Critical NOT to be added)
Female  Category Categories A 1 & B 1 allowed.
NRI & FNIO: NRI from Gr 5 allowed. FNIO & Mail order NOT allowed.


*Guaranteed Addition :*
Rs 50/- per 1000 Sum Assured for 1st 5 years
Rs 55/- per 1000 Sum Assured for remaining Premium Paying Term

LIC JEEVAN SHIROMANI Plan 847 Premium Chart & Maturity Benefit

LIC JEEVAN SHIROMANI Money Back Plan 847 Benefits

*Death during 5 yrs* : 125% of Basic Sum assured + Accrued Guaranteed Addition
*Death after 5 yrs* : 125% of Basic Sum Assured + Accrued Guaranteed Addition + Loyalty Addition

Sum Assured on Death : 110% of Basic Sum Assured or 10 times AP or 105% of Premiums Paid

Inbuilt 15 Critical Illness Benifit: 15 defined critical illness covered. (90 days waiting period for Date of issue of policy)

LIC JEEVAN SHIROMANI Money Back Plan 847 Survival Benefits

For 14 yrs policy : 30% of BSA in 10th & 12th year
For 16 yrs policy : 35% in 12th & 14th year
For 18 yrs policy : 40% in 14th & 16th year
For 20 yrs policy : 45% in 16th & 20th year

Sum Assured on Maturity : Remaining Sum Assured with Guaranteed Addition + Loyalty Addition

Inbuilt 15 Critical Illness
(10% of BSA on diagnosis of 15 Critical diseases + 2 years Premium Holiday)
# Paid-up after 1 Annual Premium
# Dating Back lean month introduced
# Addl AB of 1 crore
# Settlement Option
# SB can be taken later with interest


Benefit on happening of any defined illness
-10% of S A payable.
-Deferment of premium payment by 2 years(No late fees payable)
-Medical second opinion from LIC emplaned healthcare providers.

Additional features:
-Option to defer payment of Survival benefit with payment of increased S B due at any time.
-Settlement option: To take maturity amount in 5, 10 or 15 years instalment.
-Option to take death benefit in instalment in 5, 10 or 15 years instalment.

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