|
PLAN - 162 LIC'S JEEVAN SHREE-1 (W.E.F.1-9-2003) |
| |
|
|
| INSURANCE TYPE |
|
ENDOWMENT |
| MINIMUM AGE ENTRY |
|
18 YEARS COMPLETED |
| MAXIMUM AGE ENTRY |
|
65 YEARS NBD |
| MATURITY AGE |
|
26 YEARS LBD |
| MINIMUM TERM |
|
05 YEARS |
| MAXIMUM TERM |
|
25 YEARS |
| MAXIMUM MATURITY AGE |
|
75 YEARS NBD |
| MODE |
|
ALL MODES EXCEPT MLY + SINGLE PREMIUM |
| MINIMUM SUM ASSURED |
|
Rs. 500000 (thereafter in multiple of Rs. 1 lakh) |
| MAXIMUM SUM ASSURED |
|
DOI (DEPENDS ON INCOME) |
| REBATE FOR MODE |
|
YLY: 2%, HLY : 1 % |
| REBATE FOR HIGH SA |
|
FOR SA 50 LAKH & ABOVE Rs. 0.50 % 0 for regular premium and Rs. 2.00 % 0 for single premium. No CEIS rebate |
| NO MEDICAL |
|
GENERAL: NO |
| |
|
SPECIAL: YES |
| |
|
COST OF MEDICAL EXAM WILL BE BORN BY LIC SUBJECT TO A LIMIT OF RS. 4%0 SA OF THE BASIC PLAN |
| FEMALE |
|
CATEGORY I, II |
| AGE PROOF |
|
STD |
| POLICY LOAN |
|
YES |
| REVIVAL |
|
YES |
| HOUSING LOAN |
|
YES |
| DAB |
|
YES maximum limit 50 lakhs (inclusive) FOR POLICY TERM OR UPTO AGE 70 YEARS |
| PROPOSAL FORM |
|
300 |
| BACK DATING |
|
YES, allowed |
| PREM.PAYING TERM |
|
| POLICY TERM |
PREM.PAYING TERM IN YEARS |
| |
|
| 05 YEARS |
1,2,3 |
| 10 YEARS |
1,2,3,4,6 |
| 15 YEARS |
1,2,3,4,6,8,10 |
| 20 YEARS |
1,2,3,4,6,8,10,12 |
| 25 YEARS |
1,2,3,4,6,8,10,12,16 |
|
| PAID-UP VALUE |
|
(1) FOR PPT 10 YEARS OR LESS AFTER 1 YEAR
(2) FOR PPT MORE THAN 10 YEARS AFTER 2 YEARS |
| GSV |
|
AFTER PAYMENT OF 3 YEARS PREMIUM 30% OF PREMIUMS PAID EXCLUDING FIRST PREMIUM AND EXTRA PREMIUM. IN CASE OF SINGLE PREMIUM 90% OF S.P. EXCLUDING PREMIUM FOR OPTIONAL BENEFITS AND EXTRA IF ANY |
| SPECIAL SURRENDER VALUE |
|
AFTER PAYMENT OF 1 YEAR'S PREMIUM (SUBJECT TO 1/10 TH OF TOTAL PREMIUM) |
| TRANSFERABILITY |
|
THIS POLICY UNDER KEY-MAN INSURANCE IS TRANSFERABLE SUBJECT TO CERTAIN CONDITIONS |
| BENEFITS |
|
|
| (A) MATURITY |
|
SUM ASSURED + VESTED GUARANTEED ADDITION (@Rs.50/- PER 1000 S.A. PER ANNUM FOR THE FIRST 5 YEARS) AND REVERSIONARY BONUSES DECLARED FROM TIME TO TIME BYLIC |
| (B) DEATH CLAIM |
|
AS ABOVE |
| CRITICAL ILLNESS RIDER |
|
YES |
| TERM RIDER |
|
YES |
