LIC's Jeevan Shiromani plan offers a combination of protection and savings. Thisplan is specially designed for High Net-worth Individuals. This plan provides financial support for the family in case of unfortunate death of the policyholders during the policy term.
Periodic payments shall also be made on survival of the policyholder at specified durations during the policy term and a lump sum payment to the surviving policyholder at the time of maturity. In addition, this plan also provides for payment of a lumpsum amount equal to 10% of the chosen Basic Sum Assured on diagnosis of any of the specified Critical Illnesses. This plan also takes care of liquidity needs through loan facility.
Minimum Entry Age | 18 Years |
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Maximum Entry Age |
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Age at Maturity |
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Sum Assured | Min - Rs.1 Crore | Max - Unlimited |
Policy Term | 14, 16, 18, 20 years |
Premium Paying Term | (Policy term - 4) years |