JEEVAN SHAGUN

Plan No. 826Presented by:-

Sumeet PawarInsurance Advisor

Call (+91) 7738546484License No: 10149681

Agency Code: 02187929

Features

LIC's Jeevan Shagun is a participating, non-linked, savings cum protection single premium plan wherein the risk cover is a multiple of single premium.

The proposer will have an option to choose the Maturity Sum Assured. The single premium payable (exclusive of service tax) shall depend on the chosen amount of Maturity Sum Assured and age of the life assured.

A percentage of Maturity Sum Assured shall be payable on surviving to the end of the specified durations and on maturity. This plan also takes care of liquidity need through its loan facility. The plan will be open for sale for a maximum period of 90 days from the date of launch.

BenefitsDeath Benefit:

On death during first five policy years:Basic Sum assured i.e. 10 times the tabular single premium shall be payable.

On death after completion of five policy years:Basic Sum assured i.e. 10 times the tabular single premium along with Loyalty Addition, if any, shall be payable.

BenefitsSurvival Benefit:

On Life Assured surviving to the end of the specified durations, the following Survival benefit shall be payable.

At the end of 10th policy year: 15% of the Maturity Sum Assured.

At the end of 11th policy year: 20% of the Maturity Sum Assured.

BenefitsMaturity Benefit:

On maturity, 65% of the Maturity Sum Assured along with Loyalty Addition, if any, shall be payable.

Benefit Illustration

Basic Details-Sum Assured: Rs 1,00,000Age at Entry: 30 yrsTerm: 12 yrsSingle Premium: Rs 53,736 (52,125 + 1,611)Approximate Maturity Returns-Risk Cover (10 times of the premium paid): Rs 5,21,250End of 10th year 15% MSA: Rs 15,000End of 11th year 20% MSA: Rs 20,000Loyalty Addition: Rs 5,000Maturity (SA + IB + FB): Rs 70,000

Eligibility Conditions & Other Restrictions

Minimum entry age : 8 years(completed)Maximum entry age : 45 years (nearest birthday)Policy term : 12 years Sum Assured : 10 times of tabular premiumMinimum Maturity SA : Rs 60,000Maximum Maturity SA : No Limit

(Sum Assured will be in multiples of Rs.5,000 /- only)

Premium payment mode : Single Premium

High Sum Assured Rebate

Sum Assured (S.A) Rebate (Rs.)Below 1,50,000 Nil1,50,000 to 3,95,000 Rs 15 per 1000 on M.S.A.4,00,000 & Above Rs 20 per 1000 on M.S.A.

Loan Facility

Loan can be availed under this plan any time after completion of one policy term and subject to terms and conditions as the Company may specify from time to time.

Surrender Value

The policy can be surrendered for cash at any time during the policy term. The minimum Guaranteed Surrender Value allowable shall be as under:

First year: 70% of the Single premium excluding extra premiums and taxes, if any.Thereafter: 90% of the Single premium excluding taxes, any extra premium paid and survival benefits, if paid earlier.

The Corporation shall pay Special Surrender Value as applicable as on date of surrender provided the same is higher than Guaranteed Surrender Value.If the policy is surrendered after completion of five policy years Loyalty Addition, if any, based on surrender value, shall also be payable.

Cooling-off PeriodIf the Policyholder is not satisfied with the “Terms and Conditions” of the policy, the policy may returned to the Corporation within 15 days from the date of receipt of the policy stating the reason of objections. On receipt of the same the Corporation shall cancel the policy and return the amount of single premium deposited after deducting the proportionate risk premium for the period on cover, stamp duty charges and any charges incurred on medical examination and special reports.