Pay Premium Only for 4 Years, Get Rs 1 Crore Benefit Later – Know All About This LIC Plan

In a sea of insurance choices, the Life Insurance Corporation of India (LIC) offers a standout plan for high-income individuals looking for both protection and returns — Jeevan Shiromani.

What is Jeevan Shiromani?

Jeevan Shiromani is a non-linked life insurance savings plan designed for long-term financial security. With a minimum sum assured of Rs 1 crore and no upper limit, it caters to those seeking high-value coverage and investment.

Key Highlights:

• Short Premium Term: Premiums are payable for only 4 years. Monthly payments are approximately Rs 94,000, with options to pay quarterly, half-yearly, or annually.
• Policy Terms: Available for 14, 16, 18, or 20 years.

Age Eligibility:

• 14-year policy: Age 18–55
• 16-year policy: Age 18–51
• 18-year policy: Age 18–48
• 20-year policy: Age 18–45

Money-Back Benefits:

Partial payouts are made during the policy period, based on the selected term:

• 14 years: 30% of sum assured (paid in 10th & 12th years)
• 16 years: 35% (paid in 12th & 14th years)
• 18 years: 40% (paid in 14th & 16th years)
• 20 years: 45% (paid in 16th & 18th years)

The remaining amount is paid at maturity, combining liquidity with a final lump-sum return.

Additional Features:

• Critical Illness Benefit: 10% of the sum assured is paid immediately upon diagnosis.
• Loan Facility: Available after one year (subject to conditions).
• Death Benefit: Ensures financial security for the family.

Jeevan Shiromani isn’t just insurance — it’s a premium investment plan tailored for financially sound individuals seeking assured returns and comprehensive coverage.

For full details and personalized guidance, visit the official LIC website or contact a licensed advisor.

Disclaimer: This article is for informational purposes only. Please consult LIC or a certified financial advisor for detailed terms and investment decisions.