JEEVAN SHANTI PLAN

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Description

LICs Jeevan SHANTI PLAN is a conventional with profits pension plan with a combination of protection and saving features.

At the Buyonlinelic Insurance Agency, we believe in helping you make the right decision based on your lifestyle and needs.

By law, all vehicles in operation in the state of India are required to be insured or bonded.

Jeevan Shanti Plan:

  • Details  This Plan is a non-linked, non-participating, single premium annuity plan wherein the Policyholder has an option to choose an Immediate Annuity or Deferred Annuity. This plan shall be allowed to lives including third gender.
  • Death Benifit: Death during first five policy years: Provided the policy is in full force, 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.
  • Other Benifit:Premium Payment Mode: Single Premium – Annuity Mode:  Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals. Minimum Entry Age : 30 Year Completed Maximum Entry Age :  100 years (last birthday) for Option F in Immediate Annuity  85 years (last birthday) except Option F in Immediate Annuity  79 years (last birthday) Deferred Annuity Minimum Sum Assured :  Rs.1,50,000/- Maximum Sum Assured : NO LIMIT Annuity Option : 1. IMMEDICTE ANNUITY OR 2. DEFERRED ANNUITY 10 OPTIONS FOR IMMEDIATE ANNUITY 2 OPTION FOR DEFERRED ANNUITY : 1. SINGLE LIFE 2. JOINT LIFE DEFERMENT PERIOD : 1 year to 20 years CLOSE RELATIVES AS JOINT LIFE ANNUITANTS [ MEANS : GRAND PARENTS / PARENTS / CHILDREN / GRAND CHILDREN OR SPOUSE OR SIBLINGS ] Surrendered Value : The policy can be surrendered at any time after three months from the completion of policy.Surrendered shall be allowed under the following annuity options only: a. Immediate annuity- i) Option F: Immediate Annuity for life with return of Purchase Price. ii) Option J: Joint Life Immediate Annuity for life with a provision for 100% of the annuity payable as long as one of the Annuitant survives and return of Purchase Price on death of last survivor. b. Deferred annuity- i) Option 1: Deferred annuity for Single life ii) Option 2: Deferred annuity for Joint life Loan : Loan facility shall be available after completion of 1 policy year. Policy loan shall be allowed under the following annuity options only: a. Immediate annuity- i) Option F: Immediate Annuity for life with return of Purchase Price. ii) Option J: Joint Life Immediate Annuity for life with a provision for 100% of the annuity payable as long as one of the Annuitant survives and return of Purchase Price on death of last survivor. b. Deferred annuity- i) Option 1: Deferred annuity for Single life ii) Option 2: Deferred annuity for Joint life.

Buy

Description

LICs Jeevan SHANTI PLAN is a conventional with profits pension plan with a combination of protection and saving features.

At the Buyonlinelic Insurance Agency, we believe in helping you make the right decision based on your lifestyle and needs.

By law, all vehicles in operation in the state of India are required to be insured or bonded.

Jeevan Shanti Plan:

  • Details  This Plan is a non-linked, non-participating, single premium annuity plan wherein the Policyholder has an option to choose an Immediate Annuity or Deferred Annuity. This plan shall be allowed to lives including third gender.
  • Death Benifit: Death during first five policy years: Provided the policy is in full force, 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.
  • Other Benifit:Premium Payment Mode: Single Premium – Annuity Mode:  Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals. Minimum Entry Age : 30 Year Completed Maximum Entry Age :  100 years (last birthday) for Option F in Immediate Annuity  85 years (last birthday) except Option F in Immediate Annuity  79 years (last birthday) Deferred Annuity Minimum Sum Assured :  Rs.1,50,000/- Maximum Sum Assured : NO LIMIT Annuity Option : 1. IMMEDICTE ANNUITY OR 2. DEFERRED ANNUITY 10 OPTIONS FOR IMMEDIATE ANNUITY 2 OPTION FOR DEFERRED ANNUITY : 1. SINGLE LIFE 2. JOINT LIFE DEFERMENT PERIOD : 1 year to 20 years CLOSE RELATIVES AS JOINT LIFE ANNUITANTS [ MEANS : GRAND PARENTS / PARENTS / CHILDREN / GRAND CHILDREN OR SPOUSE OR SIBLINGS ] Surrendered Value : The policy can be surrendered at any time after three months from the completion of policy.Surrendered shall be allowed under the following annuity options only: a. Immediate annuity- i) Option F: Immediate Annuity for life with return of Purchase Price. ii) Option J: Joint Life Immediate Annuity for life with a provision for 100% of the annuity payable as long as one of the Annuitant survives and return of Purchase Price on death of last survivor. b. Deferred annuity- i) Option 1: Deferred annuity for Single life ii) Option 2: Deferred annuity for Joint life Loan : Loan facility shall be available after completion of 1 policy year. Policy loan shall be allowed under the following annuity options only: a. Immediate annuity- i) Option F: Immediate Annuity for life with return of Purchase Price. ii) Option J: Joint Life Immediate Annuity for life with a provision for 100% of the annuity payable as long as one of the Annuitant survives and return of Purchase Price on death of last survivor. b. Deferred annuity- i) Option 1: Deferred annuity for Single life ii) Option 2: Deferred annuity for Joint life.

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