LIC JEEVAN VAIBHAV (Plan no 809) is new plan from LIC of INDIA launched on 21st MAY 2012. LIC Jeevan VAIBHAV is a non-linked single premium endowment assurance plan which provides for payment of Sum Assured on maturity or on death. Loyalty addition, is also payable on death during the last policy year or on maturity. LIC Jeevan Vaibhav is a close ended plan which is open for sale from 21st May, 2012 for a maximum period of 120 days.
The benefits and other details of LIC JEEVAN VAIBHAV are given below :
a) Death Benefit:
- On death during the policy term, excluding last policy year: Sum Assured shall be payable
- On death during the last policy year: Sum Assured along with Loyalty Addition, shall be payable.
b) Maturity Benefit:
- On maturity, the Sum Assured along with Loyalty Addition, shall be payable.
Eligibility Conditions and Restrictions in LIC Jeevan Vaibhav
- Minimum Entry Age : 8 years (completed)
- Maximum Entry Age : 65 years (nearest birthday)
- Mode of Premium Payment : Single premium
- Minimum Sum Assured : Rs.2,00,000/-
- Maximum Sum Assured : No Limit
- Policy Term : 10 years
For more details visit: http://insuranceindiamart.com/LIC-Jeevan-Vaibhav-new-Single-Premium-plan.htm
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