LIC JEEVAN UTSAV policy 871
Premium Payment Mode: Yearly, Halfly, Quarterly, Monthly(ECS)
Minimum Entry Age: 90 days (completed)
Maximum Entry Age: 65 Years (nbd)
Premium Paying Term(PPT) : 5 to 16 Year
Minimum Sum Assured: 5,00,000
Maximum Sum Assured: NO LIMIT (Depending upon Income)
Maximum Accidental Death and Disability Benefit Rider up to age 70.
Key Features of LIC Jeevan Utsav Plan
- The policyholder gets a guaranteed Income for a Lifetime.
- Two Options in the plan - regular income benefit or flexi income benefit.
- Rs. 40 per thousand Sum Assured Guaranteed Additions, till the premium paying term.
- The second option is to defer and accumulate the income paid at an attractive investment rate of Rs 5.5% per year and compound annually.
- Income benefits can be changed before six months of the payments.
- Minimum term from 5 years to 16 years only.
- This plan is available for the 90-day child to 65 years older person.
Jeevan Utsav Policy Benefits :
On Death :
Basic Sum Assured + GA if any.,OR 7 times of Annualized Premium, OR
105%of all Premiums paid as on death, WHICHEVER IS HIGHER.
On Survival :
10 % of the sum assured shall be paid every year(from the income start year) till 100 years of age and on surviving the period, the Sum assured + accrued Guaranteed Additions shall be paid at the age of 100 or on death.
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