Jeevan Shiromani 947 Plan – LIC Jeevan Shiromani 947 Policy Details
Jeevan Shiromani 947 is non-linked, with profits, limited premium payment money back life insurance policy especially designed for targeted segment of High Net-worth individuals.
Premium Payment Mode
Monthly (ECS), Quarterly, Half Yearly and Yearly
Duration / Term / PPT
14-10 Years
16-12 Years
18-14 Years
20-16 Years
Minimum Entry Age
18 Years Completed
Maximum Entry Age
45 Years (Nearer Birthday) for Term 20
48 Years (Nearer Birthday) for Term 18
51 Years (Nearer Birthday) for Term 16
55 Years (Nearer Birthday) for Term 14
Maximum Maturity Age
65 Years (Nearer Birthday) for term 20
66 Years (Nearer Birthday) for term 18
67 Years (Nearer Birthday) for term 16
69 Years (Nearer Birthday) for term 14
Minimum Sum Assured
Rs 1 Crore (Multiple of 5 Lakhs thereafter)
Maximum Sum Assured
No Limit (Depending upon your Income)
Guaranteed Addtion:
Rs 50/- per 1000 SA for 1st 5 years
Rs 55/- per 1000 SA for remaining PPT
On Risk
Risk during 5 Years – Sum Assured on Risk + GA
Risk After 5 Years – Sum Assured on Risk + GA + LA
Sum Assured on Risk – 125% of BSA
(Or)
7 Times AP
(Or)
105% of premiums paid
Survival Benefits:
For 14 Years policy 30% of BSA in 10th and 12th Year
For 16 Years policy 35% in 12th and 14th Year
For 18 Years policy 40% in 14th and 16th Year
For 20 Years policy 45% in 16th and 18th Year
Maturity Time: Remaining SA with GA+LA
Inbuilt Critical Illness Benefit
10% of BSA on diagnosis of 15 Critical diseases + Premium is deferred 2 Years w/o Interest.
Surrendered Value
The policy can be surrendered at any time during the policy term provided premiums have been paid for Full ONE Year
Loan
Available after payment of premium of ONE Full Years.