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How to Pick Mutual Funds That Beat the Market

  Smart Strategies for Investing in Mutual Funds: A Guide to Maximising Your Returns One of the most well-liked investing options for people looking for expert management and diversification without having to choose individual equities is a mutual fund. One of the easiest ways for people to accumulate wealth over time is through mutual fund investments. Mutual funds combine the capital of numerous individuals to invest in a diverse portfolio of stocks, bonds, and other securities, in contrast to direct stock market investing, which necessitates considerable time, study, and risk tolerance. Mutual funds are a well-liked option for both new and experienced investors due to their expert management and diversification. But merely investing in a mutual fund and crossing your fingers seldom yields the best outcomes. A comprehensive approach that matches the appropriate fund selection and management strategies with your financial objectives, risk tolerance, and investment timeline is nece...
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Non linked plan of LIC Jeevan Shiromani, Know All details of LIC policy

Non-linked plan of LIC LIC Jeevan Shiromani, Know All details of LIC policy

 


LIC Jeevan Shiromani of LIC also offers savings along with policy protection. This is a non linked plan, in which a guarantee of a minimum of 1 crore is assured. The sum assured is the amount that the customer definitely gets from a Life Insurance Corporation of India. we are telling you about policy details of the special policy of LIC Jeevan Shiromani. LIC Jeevan Shiromani Policy (Table number 847) of Life Insurance Corporation is a LIC new money back plan scheme launched on December 19, 2016.

 

LIC Jeevan Shiromani a non linked, limited premium payment money back plan. It is a market-linked profit scheme. This scheme is specially designed for HNI (high net worth) customer. The LIC insurance also provides cover for critical illnesses and there are 3 alternative riders available. you can see full details of LIC policy Jeevan Shiromani on LIC site wwwlicindiain

 

Financial support is available after death

 

Jeevan Shiromani plan provides financial support to the family of policyholders on the occasion of sudden death casualty during the policy term. In LIC Jeevan Shiromani, the facility of payment is given during a certain period in case of survival of the policyholders. Apart from this, a lump sum is also given on maturity to the nominee.

 

This is the survival benefit

 

The fixed payment is made on the survival of the policyholders, which is as follows -

- 30-30 per cent of the sum assured in the 10th and 12th years in a 14-year policy.

- 35 to 35 per cent of the 12th and the 14th-year sum assured in the 16-year policy.

- 40% of the sum assured in the 14th and 16th years in the 18-year policy.

45-45 per cent of the sum assured of 16th and 18th years in a 20-year policy.

 

LIC policy maturity

 

The maximum age of the policyholder at maturity is 69 years for a policy of 14 years, 67 years for a 16-year policy, 66 years for 18 years policy, 65 years for a 20-year policy. The premium can be paid annually, half-yearly, quarterly or monthly mode.

 

During the LIC Jeevan Shiromani policy term, the customer can take a loan based on the surrender value of the policy, which will be based on the terms and conditions of the LIC. The LIC life insurance policy loan will be available at the rate of interest to be fixed from time to time. This interest rate is currently around 9.5 per cent.

 

In case of any type of critical illness, a lump sum payment of 10 per cent of the basic sum assured is also made for treatment. Through this LIC Jeevan Shiromani, you also get a loan easily, so that you can meet your immediate needs. However, illness should be out of the 15 diseases mentioned in the LIC Jeevan Shiromani.

 

Terms and conditions

 

- Minimum Sum Assured - Rs 1 Crore

- Maximum Sum Assured: No Limit (Basic Sum Assured will be in multiples of 5 lakhs.)

-Policy term: 14, 16, 18 and 20 years

-What time the premium will have to be deposited: 4 years

-Minimum age for entry: 18 years

-Maximum age for Entry: 55 years for 14 years policy; 51 years for a 16-year policy; 48 years for 18 years policy; 45 years for a 20-year policy.


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