After Successfully launched Jeevan Labh Plan in 2016, Life Insurance company Launch another new endowment plan which is called Jeevan Shikhar Plan (Table No.
837) and this New Plan of Jeevan Shikhar will be launched by the LIC on 11th January 2016.
LIC Jeevan Labh Plan who is non Linked (Not Dependent on Share Market) With Profit, Saving cum Protection and Single Premium, Close Ended Plan. In this Jeevan
Shikhar New plan as per news risk of Premium is 10 times of the Tabular Premium.
Key Features of LIC Jeevan Shikhar Plan Table no. 837
What policy holder get On death During the First 5 Policy Year
If policy holder death in first 5 policy year then LIC company refund of single premium without interest. Single premium mentioned here will not include any extra amount if charged under the policy due to underwriting decision and taxes.
After date of commencement of Risk : “Sum Assured on Death” equal to 10 times of tabular single premium will be payable in this Jeevan Shikhar Plan.
What Policy Holder Get when Death After the completion of 5 Policy Years but before Maturity Date “Sum Assured on Death” equal to 10 times of tabular single premium and more over they also receive Loyalty addition, if any, will be payable.
Tabular single premium calculated for chosen Maturity Sum Assured (MSA), Mentioned above does not include any extra amount chargeable under the policy due to underwriting decision or taxes and is before applying any rebate
Policy holders life assured surviving till the end of the policy term so on the Maturity time they got Maturity sum assured (MSA) + Loyalti Addtion
Loyalti Addition Calculation
The policy under this plan will eligible in surplus profit in form of Loyalty Addition which is depend on lic. Loyalti Addition only payable when Policy holder death or surrender, policy run for atleast five years of time or policy holder surviving to the maturity.
Other Features and information about Jeevan Shikhar
Policy holder can surrender the policy at any time. If they surrender on first year 70% of single premium will be paid and thereafter 90% of the single premium will be given to policy holder on the surrender time.
If policy holder want Loan then loan facility is also available for this jeevan shikhar plan for that Policy must be 3 Month of old. Policy holder also take this policy from date up to same financial year.
Nomination and assignment facility is also given under this Plan.
Ho to Buy Jeevan Shikhar LIC Policy ? Which Procedure have to do to Bought Jeevan Shikhar Plan ?
If you want to buy LIC Jeevan Shikhar Single Premium Policy then below is the require document for that.
- Application form/ Proposal form No. 300, 340 and 360
- along with a photo.
- Address proof.
- Age proof.
- Medical reports(if required).
How to Claim LIC New Plan of Jeevan Shikhar – Closing Procedure
Below are the necessary Document to claim Procedure for LIC Jeevan Shikhar Table no. 837.
- Original Policy Document
- NEFT Mandate Form.
- Proof of Title.
- Death Certificate.
- Accident/ Disability Proof (as mentioned in the rider circular). School/ College/ employer’s certificate.
- If age is not admitted under the policy, the proof of age of the Life Assured shall also be submitted.
Jeevan Shikhar Plan Table no. 837 Logo
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Premium Calculator of Jeevan Shikhar LIC Plan 2016 which is under Table no. 837
Here we share with you LIC Jeevan Shikhar Plan 837 Premium and Maturity Calculator. To calculate Premium of Jeevan Shikhar online kindly enter the following
details on the below box.
- Email Id.
- Sum Assured
After submit all the above information you can easily calculate the LIC Jeevan Shikhar Plan Premium amount.