Username  
     
      Password  
       
Forgot Password
 
Register and get access to below listed services absolutely free...
 Calculators
 Portfolio
 Councellor
 eGreetings
 Newsletter
   
  Register Here
 

FAQ'S

Visit our FAQs section which helps you answer those little questions related to your policy.

          Click here
 
 Email this page  
edf40wrjww2SDProdGrouDetails:Details
edf40wrjww2SDProdGrouDetails:Details
edf40wrjww2SDProdGrouDetails:Details
">fiogf49gjkf0d
fiogf49gjkf0d
fiogf49gjkf0d
fiogf49gjkf0d
Date of Withdrawal: 01-Dec-2013
Plan No. 812
  • LICís New Jeevan Nidhi Plan is a conventional with-profits pension plan which provides for death cover during the deferment period and offers annuity on survival to the date of vesting.
  • Life Cover:
    • Death during first five policy years: Basic Sum Assured along with accrued Guaranteed Addition shall be paid as lump sum or in the form of an annuity or partly in lump sum and balance in the form of an annuity to the nominee.
    • Death after first five policy years:
      Basic Sum Assured along with accrued Guaranteed Addition, vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be paid as lump sum or in the form of an annuity or partly in lump sum and balance in the form of an annuity to the nominee
  • Benefit on Vesting:
    An amount equal to the Basic Sum Assured along with accrued Guaranteed Additions, vested Simple eversionary Bonuses and Final Additional Bonus, if any, shall be made available to the Life Assured.
  • The following options shall be available to the Life Assured for utilization of the benefit amount on vesting / surrender.
    • To purchase an immediate annuity
      The Life Assured shall have a choice to commute the amount available on vesting to the extent allowed under Income Tax Act. The entire amount available on vesting or the balance amount after commutation, as the case may be, shall be utilized to purchase immediate annuity

      OR
    • To purchase a new Single Premium deferred pension product from LIC
      Under this option the entire proceeds available on vesting may be utilized to purchase a new single premium deferred pension product provided the policyholder satisfies the eligibility criteria for purchasing single premium deferred pension product.
Eligibility Criteria
Min. Max.
Age 20 60
Term 5 35
Sum 100000 No Limit
Premium Modes Yly,Hly,Qly,Mly
Yearly Premium for 10,00,000 Sum Assured
Age Term / PPT Premium
20 35/35 34362
30 30/30 30095
35 25/25 38229
40 20/20 50528
fiogf49gjkf05
 
Back Top
 
This website is maximized to perform best with Internet Explorer Browser set to 800 x 600