Jeevan Shiromani
This plan is specifically designed for High Net Worth Individuals with a minimum life cover of Rs. 1 Crore.
- It guarantees a risk cover of 125% of the Sum Assured from Day 1, without any additional cost.
- The plan offers a guaranteed bonus ranging from 5% to 5.5% of the Sum Assured, along with variable loyalty additions.
- Policyholders receive regular guaranteed pay-outs as part of the plan.
- The plan includes coverage for 15 critical illnesses.
- It provides the option to add Accidental Life cover, Disability Benefit, and Critical Illness cover.
- Policyholders can choose to receive the maturity proceeds in installments over 5, 10, or 15 years.
- Similarly, the death benefit can also be received in installments.
- LIC offers premium discounts for yearly payment mode.
- A loan is available to the policyholder after completing 1 year of the policy.
| Eligibility Criteria | ||
| Minimum | Maximum | |
| Age | 18 Years (Completed) | 55 Years for Payment Term = 14 – 51 Years for Payment Term = 16 48 Years for Payment Term = 18 – 45 Years for payment term = 20 |
| Policy Term | 14, 16, 18, & 20 Years | |
| Premium Payment Term | Policy Term 4 Years | |
| Basic Sum Assured | Rs. 1 Crore | No Limit |
| Maximum Maturity Age | 69 Years of Term = 14 – 67 Years of Term = 16 66 Years of Term = 18 – 65 Years of Term = 20 |