Javascript is not currently enabled in your browser.
You must enable Javascript to run this web page correctly.

Home » Products » Withdrawn Plans » Jeevan Nischay » Benefits
BENEFITS

Benefits

A) Death Benefit:
On death during the first policy year: Five times the single premium is payable. On death during the policy term after first policy year, excluding last policy year: An amount equal to the maturity sum assured. On death during the last policy year: An amount equal to the maturity sum assured along with loyalty addition, if any.

B) Maturity Benefit:
An amount equal to the Maturity Sum Assured along with loyalty addition, if any, is payable.

The specimen Maturity Sum Assured per Rs. 1000/- single premium is given below for some ages and terms:

Age at Entry Policy Term
5 years 7 years 10 years
20 1257 1410. 1718
30 1256 1409 1715
40 1249 1400 1699
50 1226 1369 1645

C) Loyalty Addition:
Depending upon the Corporation's experience the policy will be eligible for Loyalty Addition on death during the last policy year or on the Life Assured surviving the stipulated date of maturity at such rate and on such terms as may be declared by the Corporation.

Life Insurance Corporation of India – Corporate Office : Yogakshema Building, Jeevan Bima Marg, P.O. Box No – 19953, Mumbai – 400 021 IRDAI Reg No- 512
Top