2 LIC’S JEEVAN VAIBHAV Highlights Life CoverValue CreationLiquidity
3 LIC’S 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 LIC’S JEEVAN VAIBHAVEligibility ConditionsAge at entry8 years to 65 yearsPolicy Term10 yearsSum AssuredRs /- onwards, in multiple of Rs.10000/-Premium ModeSingleOthersService Tax at the prevailing rate applicable on premium.
5 LIC’S JEEVAN VAIBHAV Benefits Maturity Benefit Sum Assured Plus Loyalty Addition#Death BenefitSum AssuredDeath Benefit in the last policy yearLoyalty addition# may also be payable.#Loyalty AdditionLoyalty Addition, if any, may be payable at the rate as declared by the Corporation.Loan against policyLoanAvailable after completion of one policy year.
6 High Sum Assured Rebate LIC’S JEEVAN VAIBHAVHigh Sum Assured RebateSum AssuredRebate (Rs.)Upto Rs.3,90,000NilRs.4,00,000 to Rs. 5,90,0002.00‰Rs.6,00,000 and above3.00‰Surrender of PolicySurrender 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 LIC’S JEEVAN VAIBHAV Benefit Illustration Age 35 years Policy Term Single Premium Amount95730/-*Sum Assured payable on death or maturity200000/-Amount of Loyalty Addition payable on death during the last policy year or on maturity:Assuming 6% p.a. returnNilAssuming 10% p.a. return25,000/-* Premium shown above is exclusive of service tax.
8 Balance your assets and create value Add LIC’s Jeevan Vaibhav to your For the young ones :To take their first step on a prosperous financial journey with LIC’s 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 valueAdd LIC’s Jeevan Vaibhav to yourwealth creation plan.