LICS NEW JEEVAN NIDHI

PLAN NO. 812

LICS NEW JEEVAN NIDHI HIGHLIGHTS

Life Protection ~
Insurance Cover upto Date of Vesting

Pension ~
Option To purchase an Immediate Annuity or To purchase New Single Premium Deferred Pension Plan

Guaranteed Additions ~
For the first 5 years @ Rs.50 Basic Sum Assured

LICS NEW JEEVAN NIDHI - HIGHLIGHTS

Participation in Profits ~
After 6th policy year, benefit of Vested Bonus and Final Additional Bonus (if any).

Flexibility ~
Premium Payment Frequency-SinglePremium, Yearly,Half-yearly,Quarterly,Monthly(ECS/SSS)

Customisation
Option for Accident Benefit Rider under Regular Premium Policies only.

LICS NEW JEEVAN NIDHI- ELIGIBILITY CONDITIONS

Description Age at Entry Age at Vesting Deferment period

Minimum
20 years 55 years 5 years

Maximum
60 years 65 years 35 years

Sum Assured

Premium Mode

Single Premium Rs.150000/Rs.150000/No Limit Regular Premium Rs.100000/Rs.100000/The Sum Assured under Basic Plan shall be in multiples of Rs.5000/Rs.5000/Single Premium, Yearly, HalfHalf-yearly, Quarterly, Monthly [ECS [ECS or SSS]

LICS NEW JEEVAN NIDHI - BENEFITS

Benefit on Vesting Basic Sum Assured + Accrued Guaranteed Additions + Vested Simple Reversionary Bonuses &Final Additional Bonus(if any)

Commute as per Income Tax rules and purchase Immediate Annuity with the balance amount at the then prevailing Immediate annuity rate

Purchase a new Single Premium deferred pension product from LIC

LICS NEW JEEVAN NIDHI - BENEFITS

Basic Sum Assured First 5 policy years

+
Accrued Guaranteed Additions

Death Benefit
6th year onwards

Basic Sum Assured

+
Accrued Guaranteed Additions

+
Vested Bonuses & Final Additional Bonus (if any)

The Benefit shall be paid to the nominee as lump sum OR In the form of Annuity OR Partly in lump sum and balance in the form of Annuity at the then prevailing Immediate annuity rates

LICS NEW JEEVAN NIDHI - PROFITS

Guaranteed Additions Payable for the first five years @ Rs.50/- per thousand Basic Sum Assured for each completed year. Participation in profits Simple Simple Reversionary Bonus shall be added from the 6th policy year onwards till the end of the deferment period and at such rates as may be declared by the Corporation. Final Final Additional Bonus shall be payable either on vesting or on earlier death at the rates declared by the Corporation.

LICS NEW JEEVAN NIDHI ACCIDENT BENEFIT RIDER

Event Benefits

Accident Benefit Sum Assured will be payable as Death due to Accident lump sum along with the death benefit under the Basic plan. All Future Premiums are waived and Disability due to An amount equal to the Accident Benefit Sum Accident Assured will be paid in monthly installments spread over 10 years. Eligibility Condition for Accident Benefit Rider
Description Age at Entry Sum Assured Minimum 20 years Rs. 25000/60 years Maximum

Term

Rs.50 lakh overall limit considering the Accident Benefit Sum Assured in respect of all existing/proposed individual life insurance and group policies Same as Basic Plan

LICS NEW JEEVAN NIDHI- OTHER FEATURES

Back dating Allowed within same Financial year. Revival -A policy may be revived within a period of 5 years from the date of First Unpaid premium and before the date of vesting by payment of Arrears of premium plus Interest and subject to continued insurability. SurrenderSurrender-The policy can be surrendered at any time on payment of at least 3 years premiums and after completion of at least 3 policy years but before the date on which annuity vests. The Surrender Value payable shall be the higher of Guaranteed Surrendered Value and Special Surrender Value. The Surrender proceeds shall be utilized to purchase an immediate annuity product or a new Single Premium deferred pension product from LIC. Claims Concession - Allowed

LICS NEW JEEVAN NIDHI ILLUSTRATION

Description
Age Policy Term Premium (exclusive of service tax) Mode Sum Assured Vesting Age Guaranteed Vested Benefit Assuming Investment Return at 8 %

BENEFIT
Regular Premium
35 years 25 years Rs. 4,121 Yearly 1,00,000 60 Years 1,25,000 2,33,500

Single Premium
35 years 25 years Rs. 78,667 Single 1,50,000 60 Years 1,87,500 3,50,250

WHY-LICS NEW JEEVAN NIDHI !!!

Jeevan Nidhi meets all your needs across the time horizonLife cover now and Pension afterwards! Life Insurance cover till the date of vestingFor the well-being of your loved ones! And Annuity/Pension after vestingFor your well-being in later years!!!