LIC’S JEEVAN VAIBHAV (PLAN NO. 809)

LIC’S JEEVAN VAIBHAV

Highlights

Life Cover Value Creation Liquidity

LIC’S JEEVAN VAIBHAV Features

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Single Premium non-linked endowment assurance plan.

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Maturity Benefit : Sum Assured and Loyalty Addition #

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Liquidity : Facility for loan.

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Life Cover : Full Sum Assured Payable on death during the term.

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# Loyalty Addition, if any, payable on death during the last policy year or on maturity.

LIC’S JEEVAN VAIBHAV

Age at entry Eligibility Conditions 8 years to 65 years Policy Term 10 years Sum Assured Premium Mode Rs.200000/- onwards, in multiple of Rs.10000/ Single Others Service Tax at the prevailing rate applicable on premium.

LIC’S JEEVAN VAIBHAV

Benefits Maturity Benefit Sum Assured Plus Loyalty Addition # Death Benefit Death Benefit in the last policy year #Loyalty Addition Loan Sum Assured Loyalty addition # may also be payable.

Loyalty Addition, if any, may be payable at the rate as declared by the Corporation. Loan against policy Available after completion of one policy year.

LIC’S JEEVAN VAIBHAV

High Sum Assured Rebate Sum Assured Rebate (Rs.) Upto Rs.3,90,000 Rs.4,00,000 to Rs. 5,90,000 Rs.6,00,000 and above Nil 2.00‰ 3.00‰

Surrender of Policy

Surrender Value is available after expiry of one policy year. Higher of Guaranteed Surrender Value (GSV) and Special Surrender Value (SSV) is payable. The Special Surrender Value will be the ‘Discounted Value’ of the Sum Assured and will depend on the policy term and the duration elapsed since

commencement of the policy.

LIC’S JEEVAN VAIBHAV

Benefit Illustration Age Policy Term 35 years 10 years Single Premium Amount 95730/-* Sum Assured payable on death or maturity 200000/ Amount of Loyalty Addition payable on death during the last policy year or on maturity: Assuming 6% p.a. return Nil Assuming 10% p.a. return 25,000/ * Premium shown above is exclusive of service tax.

LIC’S JEEVAN VAIBHAV

For the young ones : To take their first step on a prosperous financial journey with LIC’s Jeevan Vaibhav.

For the young Turks: Because you shall be worth the achievements in 2022.

For those on whom the young depend : Because with high privileges comes the responsibility of those who depend on you.

Balance your assets and create value Add LIC’s Jeevan Vaibhav to your wealth creation plan.