LICs Jeevan Nidhi Single Premium 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.
New Jeevan Nidhi Single Premium Plan:
- Details New Jeevan Nidhi(818) 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.
- Death Benifit: Death during first five policy year :Sum Assured + Guaranteed Addition. Death after first five policy year :Sum Assured + Guranteed Addition + Vested Bonus + FAB if any. On Vesting : On Vesting Basic Sum Assured + Guaranteed Addition + Vested Bonus + FAB if any.
- Other Benifit: Premium Payment Mode: Single Premium – Term : 5 to 35 years, Minimum Entry Age : 20 Year Completed. – Maximum Entry Age : 60 Year (Nearest Birthday): Minimum Vesting Age : 55 Year: Maximum Vesting Age : 65 Year| Minimum Sum Assured : 1,50,000 | Maximum Sum Assured : NO LIMIT (Depending upon Income) Maximum Accidental Death and Disability Benefit Rider up to age 70. Option On Vesting : 1. Get 1/3rd amount as commutation and Buy Jeevan Akshay policy of Balance amount increased by 3%. 2. Buy Jeevan Akshay of Full vesting amount increased by 3%. 3. Buy Jeevan Nidhi Single Premium. Surrendered Value : Single Premium : The Policy can be surrendered at any time during the deferment Period(term). Regular Premium : Term less than 10 : After atleast 2 full years premiums have been paid. Term 10 or More : After atleast 3 full years premiums have been paid. Loan : No loan facility will be available under this plan. Income Tax Benefit : On Premiums : u/s 80C Commutation Tax free : u/s 10(10A)iii Death claim Tax free : u/s 10(10D) Pension : Taxable.