Jeevan Shikhar

LIC’s New Plan Jeevan Shikhar (Plan no. 837)

LIC of India is going to launch a new endowment plan Jeevan Shikhar (Plan No. 837) from 11/01/2016. Jeevan Shikhar is a non linked, with profit, saving cum protection, single premium, Close ended Plan.  In Jeevan Shikhar risk is 10 times of the tabular premium. Unique identification number (UIN) of Jeevan Shikhar plan is 512N305V01.

Eligibility conditions of Jeevan Shikhar (Plan No. 837)

Death Benefit in  Jeevan Shikhar (Plan No. 837)

On Death during the first 5 Policy years

Before the date of commencement of the Risk: Refund of single premium without interest. Single premium mentioned here will not include any extra amount if charged under the policy due to underwriting decision and taxes.

After date of commencement of Risk: “Sum Assured on Death” equal to 10 times of tabular single premium will be payable.

Also Read: LIC’s New Plan Jeevan Labh (Plan No. 836)

On Death after completion of 5 policy years but before the date of Maturity

“Sum Assured on Death” equal to 10 times of tabular single premium along with Loyalty addition, if any, will be payable.

Tabular single premium calculated for chosen Maturity Sum Assured (MSA), Mentioned above does not include any extra amount chargeable under the policy due to underwriting decision or taxes and is before applying any rebate

Maturity Benefit in  Jeevan Shikhar (Plan No. 837)

On life assured surviving till the end of the policy term, the Maturity Sum Assured (MSA) along with Loyalty addition (LA), if any, will be payable.

Loyalty Addition

The policy under this plan will be eligible for share in surplus (profits) in the form of Loyalty  Addition, depending upon the experience of the LIC. The Loyalty Addition, if any, will be payable on death or surrender, provided the policy run for at least five policy year or on policy holder surviving to the maturity.
High Sum Assured Rebate in Jeevan Shikhar-2

Other conditions and policy features of Jeevan Shikhar

  1. Policy can be surrendered at any time during the policy term: First year- 70% of Single Premium,Thereafter-90% of Single premium
  2. Loan facility is available under this plan, after 3 months of the issuance of the policy.
  3. Policy can be taken from back date upto same financial year
  4. Nomination and assignment in this policy is available.
  5. This plan is available for sale upto 31/03/2016.

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11 thoughts to “LIC’s New Plan Jeevan Shikhar (Plan no. 837)”

  1. I am a highly qualified and authorised Insurance agent of most trusted LIFE INSURANCE COMPANY (LIC) in India to serve all income group peoples in Mumbai-Thane area for several years.
    Death is an inevitable and timing is uncertain therefore it is very important for a person to insure his family’s happiness and secured them any financial crisis or unforeseen events. Since customer service is my first priority that’s why I provide latest, most suitable, with in Customer budget and which provide best benefits in that budget to my clients.
    If you are unsure and want to know the best suitable and profitable LIC plan then please contact me on +91-9665310172 / +91-8087703317 or you can drop me an email with your requirements at [email protected].

  2. Dear Sir,
    i want a plan in LIC which cover 10 to 20 lac within 15 TO 20 year and how many i will pay early. My current age 30 year.

    1. Jeevan Shikhar is good option if you are looking for Single premium High risk plan with returns for 15 years, or Limited premium endowment Plan (830) is another good option for you, where you can have policy term of 16 years and premium paying term of 8 or 9 years.

    1. Term Plan is always a best option if you are looking for risk cover, it provide very high risk in low premium, you can consider buying LIC eTerm Plan.

    2. Hi Mr.Anand For your age you are best to take the policy name JEEVAN ANAND Which has life time FREE coverage after maturity..I will suggest you good one for your lifestyle.My contact is : R.ABDUL RAHMAN FINANCIAL ADVISOR
      MOB : +919944431516.
      * THANK YOU *

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