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LICS JEEVAN VAIBHAV (PLAN NO. 809). LICS JEEVAN VAIBHAV Highlights Life Cover Value Creation Liquidity.

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Presentation on theme: "LICS JEEVAN VAIBHAV (PLAN NO. 809). LICS JEEVAN VAIBHAV Highlights Life Cover Value Creation Liquidity."— Presentation transcript:

1 LICS JEEVAN VAIBHAV (PLAN NO. 809)

2 LICS JEEVAN VAIBHAV Highlights Life Cover Value Creation Liquidity

3 LICS JEEVAN VAIBHAV Features Single Premium non-linked endowment assurance plan. Maturity Benefit : Sum Assured and Loyalty Addition # Liquidity : Facility for loan. Life Cover : Full Sum Assured Payable on death during the term. # Loyalty Addition, if any, payable on death during the last policy year or on maturity.

4 Eligibility Conditions Age at entry 8 years to 65 years Policy Term10 years Sum Assured Rs.200000/- onwards, in multiple of Rs.10000/- Premium Mode Single Others Service Tax at the prevailing rate applicable on premium. LICS JEEVAN VAIBHAV

5 Benefits Maturity Benefit Sum Assured Plus Loyalty Addition # Death BenefitSum Assured Death Benefit in the last policy year Loyalty addition # may also be payable. #Loyalty Addition Loyalty Addition, if any, may be payable at the rate as declared by the Corporation. Loan against policy Loan Available after completion of one policy year.

6 LICS JEEVAN VAIBHAV High Sum Assured Rebate Sum AssuredRebate (Rs.) Upto Rs.3,90,000Nil Rs.4,00,000 to Rs. 5,90,0002.00 Rs.6,00,000 and above3.00 Surrender of Policy Surrender Value is available after expiry of one policy year. Higher of Guaranteed Surrender Value (GSV) and Special Surrender Value (SSV) is payable. The Special Surrender Value will be the Discounted Value of the Sum Assured and will depend on the policy term and the duration elapsed since commencement of the policy.

7 LICS JEEVAN VAIBHAV Benefit Illustration Age35 years Policy Term10 years Single Premium Amount95730/-* Sum Assured payable on death or maturity 200000/- Amount of Loyalty Addition payable on death during the last policy year or on maturity: Assuming 6% p.a. returnNil Assuming 10% p.a. return25,000/- * Premium shown above is exclusive of service tax.

8 LICS JEEVAN VAIBHAV For the young ones : To take their first step on a prosperous financial journey with LICs Jeevan Vaibhav. For the young Turks: Because you shall be worth the achievements in 2022. For those on whom the young depend : Because with high privileges comes the responsibility of those who depend on you. Balance your assets and create value Add LICs Jeevan Vaibhav to your wealth creation plan.


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