Skip to main content

Featured Post

Reliance Jio IPO: India's Biggest IPO Coming Soon? Valuation, ARPU, and Latest News

  New Delhi : Financial specialists are profoundly excited almost the Dependence Jio IPO and are anticipating it with awesome expectation. After two decades, Dependence Businesses is set to dispatch an IPO for one of its major commerce units. Presently, Mukesh Ambani has given a critical upgrade with respect to this Jio IPO . The draft outline for Jio Stages is anticipated to be recorded following month. This may possibly be the biggest IPO in the country's history. Dependence has designated a consortium of 19 banks to oversee this process.   Mukesh Ambani, Chairman of Dependence Businesses, has dropped a major indicate with respect to the exceedingly expected IPO of Jio Stages. Depicting it as a "definitive breakthrough," Ambani signaled that the company is quickly progressing in its arrangements for what is balanced to be India's largest-ever IPO. Talking amid the company's profit discharge, Ambani expressed, "I am satisfied to share that we are making...
Post a Comment

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.


Labels:

Comments

Post a Comment

Popular posts from this blog

What is the Orange Economy? Top Sectors to Invest in 2026.

  In a time when mechanization and machine learning are changing conventional businesses, a flourishing portion of the worldwide economy is illustrating that human resourcefulness is still a important asset. The "Orange Economy"—also known as the imaginative economy or social industries—has played a major part in protecting culture, making occupations, and developing the economy. But what is this energetic thought, and why is it picking up conspicuousness in discussions almost worldwide development?   What is the Orange Economy?   The express "Orange Economy" was at first utilized by previous Colombian President Iván Duque Márquez and previous Culture Serve Felipe Buitrago. Concurring to the Inter-American Improvement Bank, it is "the organize of interconnected forms through which thoughts are turned into social merchandise and administrations whose esteem is decided by mental property."   Orange was particularly picked since it has been related with devel...
Post a Comment
Read more

What is "money laundering," and how is it carried out?

  The term "money laundering" originated in the United States, emerging from the activities of Mafia groups. These Mafia groups amassed vast sums of money through illicit activities—such as extortion and gambling—and subsequently disguised these funds as income derived from legitimate sources (such as laundromats). It is noteworthy that money laundering became a matter of significant concern in the United States around the 1980s. Money laundering refers to the act of disguising illegally acquired "black money" as funds obtained through legitimate means. Essentially, it is a method used to conceal the illicit origins of financial assets. Through money laundering, funds are channeled into specific activities or investments in such a manner that even investigative agencies are unable to trace the money back to its original source. The individual who orchestrates this financial manipulation is referred to as a "launderer." In the process of money laundering,...
Post a Comment
Read more

Learn How to Confirm a Fake GST Bill

The Government of India actualized the Merchandise and Administrations Charge (GST) over the whole nation beginning July 1, 2017.   Through this article, learn how to distinguish and confirm a fake GST bill. In India, GST applies to all sorts of businesses, with the exemption of a few particular things.   Since its usage on July 1, 2017, a few changes have been presented to assist streamline the framework.   For occurrence, the turnover constrains for required GST enlistment has been expanded.   The turnover edge for picking into the Composition Conspire has moreover been re-examined. In truth, the directions overseeing the recording of GST returns have been adjusted.   Let us see into the directions and controls that apply as of the conclusion of January 2022. In "Typical Category" states, if a commerce substance has an yearly turnover surpassing ₹40 lakhs, getting GST enlistment is obligatory.   Already, this exception restrain was appropriate as it w...
Post a Comment
Read more