LIC Jeevan Pramukh | Benefits | Features | Restrictions | Benefit Illustration

LIC Jeevan Pramukh

This plan is designed for high net worth individuals who want a sum assured of more than Rs. 10 lakhs. This plan would suit you if you are highly successful in your area or you can afford to pay high premium for a limited time period.
Features

Limited premium payment term (5 years max) and long risk cover (upto 25 years)
Guaranteed additions (Rs. 50/- per thousand of sum assured) for every completed year after 5 policy years.
Tax benefits under section 80C and 10(10D) of the Income Tax Act, 1961.
Loan facility is available under this plan @ 9% p.a. compounded half yearly.

Eligibility

	Minimum	Maximum
Sum Assured	Rs. 10 lakhs	No Limit
Policy Term	5 Years	25 Years
Premium Payment Term	3,4 or 5 Years
Entry Age of Policyholder	18 Years	65 Years
Age at Maturity	-	75 Years
Payment modes	Yearly, Half-Yearly, Quarterly and Monthly

Benefit

Sum Assured + accrued Reversionary Bonus + Guaranteed Additions + Terminal Bonus (if any) will be paid to the beneficiary (policy holder if life assured survives or nominee if the life assured dies) in case of maturity or death.

Premium

The following is the expected premium for a sum assured of Rs. 10 lakhs

Age	: 35
Policy term (in yrs.)	: 25
Payment term (in yrs.)	: 5
Premium
Yearly	: 1,17,992.00
Half yearly	: 59,598.00
Quarterly	: 30,100.00
Monthly	: 10,535.00

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Tags: Insurance Info, insurance policy, Jeevan Pramukh, LIC Jeevan Pramukh, Life plans