LIC's Jeevan Shree

What Does LIC's Jeevan Shree Offer you ?

1. Sum Insured + Guaranteed Addition (GA) @ Rs 50.00 per Rs 1000/- Sum Insured per annum for 5 years under 5 year plan, on survival,
   
2. Sum Insured + Guaranteed Addition (GA) @ Rs 50.00 per Rs 1000/- Sum Assured per annum for 5 years + Reversionary Bonus for 5 years under 10 year plan, on survival,
   
3. Sum Insured + Guaranteed Addition (GA) @ Rs 50.00 per Rs 1000/- Sum Assured per annum for 5 years + Reversionary Bonus for 10 years under 15 year plan, on survival,
   
4. Sum Insured + Guaranteed Addition (GA) @ Rs 50.00 per Rs 1000/- Sum Assured per annum for 5 years + Reversionary Bonus for 15 years under 20 year plan, on survival,
   
5. Sum Insured + Guaranteed Addition (GA) @ Rs 50.00 per Rs 1000/- Sum Assured per annum for 5 years + Reversionary Bonus for 20 years under 25 year plan, on survival,
6. Sum Insured + GA/Bonus on death, before completion of the Policy term chosen (5/10/15/20/25 years),
7. Loan facility against Surrender Value without sacrificing any of the benefits assured by the plan,
8. Face value of the policy not exceeding Rs 50 Lakhs in case death is by accident, before completion of the policy, against a little extra,
   
9. Total and Permanent Disablement Benefit due to Accident before completion of the policy term, against a little extra,
   
10. Term Insurance Rider against a little extra.and
    
11. Option to choose your own premium payment term (PPT) .
    

Why Should You Invest On LIC's Jeevan Shree?

1. First first 5 years, there is a Guaranteed Addition assured by the plan irrespective of market fluctuations in interest rates. This is a commitment by the corporation. From 6th year onwards, the plan provides for Reversionary Bonus which is likely to be high, though not committed.
2. This is one plan where, Premium Payment Term (PPT) is always less than the policy term chosen. Even during the period no premium payable also, there is life insurance coverage + GA/Bonus accumulation.
3. Premium paid enjoys I.T exemption upto Rs 1 Lakh per annum under section 80 C of the I.T Act along with certain other investments provided under the same section, whereas claim/surrender values as and when received enjoys I.T exemption under section 10(10D).
4. Policy loan available after 1 year offers you better investment opportunities.
   
5. By choosing Single Premium, (a) your outgo will be quite low (b) you will not have the botheration of remembering and paying premium frequently (c) you will be enjoying the benefits offered by the plan throughout the policy term chosen. So also if you choose two or three installments.
   

These are some of the most valid reasons why you should invest on LIC's Jeevan Shree as much as you can.

How Long You need to Invest On LIC's Jeevan Shree ?

• 1/2/3 years under 5-year plan,
• 1/2/3/4/6 years under 10-year plan,
• 1/2/3/4/6/8/10 years under 15-year plan,
• 1/2/3/4/6/8/10/12 years under 20-year plan,
• 1/2/3/4/6/8/10/12/16 years under 25-year plan,

What are the Modes of Investment Under Jeevan Shree?

• Single, Yearly, Half-yearly or Quarterly or Monthly.

Want to know more about LIC's Jeevan Shree or want to invest on the plan ?

• `MESSAGE BOOK' shown below the blog title can be used for sending your message. Your telephone no (Land/Mobile) would help in fast communication.
  
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Looking For Long Relationship,

K.Nagesh