Do you want to save your tax also best insurance cover

1. JEEVAN SHAGUN
Plan No. 826
Presented by:-
NANDAGOPAL S.V
Your’s Wellwisher
Professional Insurance & investment consultant
CALL 99949- 10202 , 94431-86864
E-Mail---- licnanda@gmail.com

2. JEEVAN SHAGUN
•The best plan for tax savings
•Single premium with more insurance coverage
•Best return

3. Features
LIC's Jeevan Shagun is a participating, non-linked, savings cum protection single premium plan wherein the risk cover is a multiple of single premium. The proposer will have an option to choose the Maturity Sum Assured. The single premium payable (exclusive of service tax) shall depend on the chosen amount of Maturity Sum Assured and age of the life assured. A percentage of Maturity Sum Assured shall be payable on surviving to the end of the specified durations and on maturity. This plan also takes care of liquidity need through its loan facility. The plan will be open for sale for a maximum period of 90 days from the date of launch.

4. Benefits
Death Benefit:
On death during first five policy years: Basic Sum assured i.e. 10 times the tabular single premium shall be payable.
On death after completion of five policy years: Basic Sum assured i.e. 10 times the tabular single premium along with Loyalty Addition, if any, shall be payable.

5. Benefits
Survival Benefit:
On Life Assured surviving to the end of the specified durations, the following Survival benefit shall be payable.
At the end of 10th policy year: 15% of the Maturity Sum Assured.
At the end of 11th policy year: 20% of the Maturity Sum Assured.

6. Benefits
Maturity Benefit:
On maturity, 65% of the Maturity Sum Assured along with Loyalty Addition, if any, shall be payable.

7. Benefit Illustration
Basic Details-
Sum Assured: Rs 1,00,000
Age at Entry: 30 yrs
Term: 12 yrs
Single Premium: Rs 53,736 (52,125 + 1,611)
Approximate Maturity Returns-
Risk Cover (10 times of the premium paid): Rs 5,21,250
End of 10th year 15% MSA: Rs 15,000
End of 11th year 20% MSA: Rs 20,000
Loyalty Addition: Rs 5,000
Maturity (SA + IB + FB): Rs 70,000

8. Eligibility Conditions & Other Restrictions
Minimum entry age : 8 years(completed)
Maximum entry age : 45 years (nearest birthday)
Policy term : 12 years
Sum Assured : 10 times of tabular premium
Minimum Maturity SA : Rs 60,000
Maximum Maturity SA : No Limit
(Sum Assured will be in multiples of Rs.5,000 /- only)
Premium payment mode : Single Premium

9. High Sum Assured Rebate
Sum Assured (S.A) Rebate (Rs.) Below 1,50,000 Nil 1,50,000 to 3,95,000 Rs 15 per 1000 on M.S.A. 4,00,000 & Above Rs 20 per 1000 on M.S.A.

10. Loan Facility
Loan can be availed under this plan any time after completion of one policy term and subject to terms and conditions as the Company may specify from time to time.

11. Surrender Value
The policy can be surrendered for cash at any time during the policy term. The minimum Guaranteed Surrender Value allowable shall be as under:
First year: 70% of the Single premium excluding extra premiums and taxes, if any.
Thereafter: 90% of the Single premium excluding taxes, any extra premium paid and survival benefits, if paid earlier.
The Corporation shall pay Special Surrender Value as applicable as on date of surrender provided the same is higher than Guaranteed Surrender Value.
If the policy is surrendered after completion of five policy years Loyalty Addition, if any, based on surrender value, shall also be payable.

12. Cooling-off Period
If the Policyholder is not satisfied with the “Terms and Conditions” of the policy, the policy may returned to the Corporation within 15 days from the date of receipt of the policy stating the reason of objections. On receipt of the same the Corporation shall cancel the policy and return the amount of single premium deposited after deducting the proportionate risk premium for the period on cover, stamp duty charges and any charges incurred on medical examination and special reports.

13. Your’s wellwisher professional insurance and investment consultant complete solution for all insurance needs
Life insurance ,
health insurance
Tax savings
Mutual funds

14. E-mail- licnanda@gmail.com