Member Login
New User
Forgot Password
Home
Know Us
About Us
Photo Gallery
Certificates
Awards
Client Testimonials
Our Services
My Portfolio
Calculators
Newsletter
eGreetings
Our products
Life insurance
Mutual Funds
Health Insurance
Personal Accident
Travel Insurance
Motor Insurance
Useful Information
Tax Info
Articles
Industry News
Learning Center
Tax Guide
Insurance Guide
FAQs
Glossary
TPA
Video Gallery
Downloads
Forms
KYC Forms
General Forms
Reach Us
Social Network
Contact Us
» Home » Information » Product Information » Plan Details
Email this page
Share
Tweet
Date of Withdrawal: 01-Dec-2013
Plan No. 812
LIC’s New Jeevan Nidhi
Plan is a conventional with-profits pension plan which provides for death cover during the deferment period and offers annuity on survival to the date of vesting.
Life Cover:
Death during first five policy years:
Basic Sum Assured along with accrued Guaranteed Addition shall be paid as lump sum or in the form of an annuity or partly in lump sum and balance in the form of an annuity to the nominee.
Death after first five policy years:
Basic Sum Assured along with accrued Guaranteed Addition, vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be paid as lump sum or in the form of an annuity or partly in lump sum and balance in the form of an annuity to the nominee
Benefit on Vesting:
An amount equal to the Basic Sum Assured along with accrued Guaranteed Additions, vested Simple eversionary Bonuses and Final Additional Bonus, if any, shall be made available to the Life Assured.
The following options shall be available to the Life Assured for utilization of the benefit amount on vesting / surrender.
To purchase an immediate annuity
The Life Assured shall have a choice to commute the amount available on vesting to the extent allowed under Income Tax Act. The entire amount available on vesting or the balance amount after commutation, as the case may be, shall be utilized to purchase immediate annuity
OR
To purchase a new Single Premium deferred pension product from LIC
Under this option the entire proceeds available on vesting may be utilized to purchase a new single premium deferred pension product provided the policyholder satisfies the eligibility criteria for purchasing single premium deferred pension product.
Eligibility Criteria
Min.
Max.
Age
20
60
Term
5
35
Sum
100000
No Limit
Premium Modes
Yly,Hly,Qly,Mly
Yearly Premium for 10,00,000 Sum Assured
Age
Term / PPT
Premium
20
35/35
34362
30
30/30
30095
35
25/25
38229
40
20/20
50528
Back
fiogf49gjkf05
Newsletter
Calculators
Portfolio
e-Greetings
Download Forms
Life Insurance
Health Insurance
Accident Insurance
Travel Insurance
Auto Insurance
Mutual Funds
Bonds
Small Saving
