Nowadays, becoming a millionaire is not just a dream but also a need for many people. It helps secure the future and provides good returns. At the same time, it also offers a safety net for the policyholders and their families.
LIC’s Jeevan Shiromani Scheme is a non-linked plan designed for people who want big returns with smaller investments. In this scheme, you only need to pay the premium for 4 years, and after the maturity period, you can get a return of ₹1 crore.
Key Features of LIC Jeevan Shiromani Scheme
There is no limit to the maximum sum assured in the LIC Jeevan Shiromani Scheme. The policy term options are 14, 16, 18, and 20 years.
Premiums need to be paid for 4 years alone with a monthly installment of approximately ₹94,000. The premium can be paid yearly, half-yearly, or quarterly.
For making an investment in this policy, the minimum entry age is 18 years and the maximum entry age is 51 years. For an 18- year policy, the maximum age for entry would be 48 years. There is no change in the age limit in case of a 20-year policy.
बार-बार क्यों भुगतान करें, जब एक ही प्रीमियम में सब कुछ हो सकता है? एलआईसी नव जीवन श्री आपके परिवार की सुरक्षा और एक मजबूत भविष्य की नींव रखने का आसान तरीका है।#LIC #NavJeevanShree pic.twitter.com/6boc71nSj5
— LIC India Forever (@LICIndiaForever) October 27, 2025
Why pay again and again when one premium is all it takes? LIC Nav Jeevan Shree offers a straightforward way to safeguard your loved ones and build a secure future in one go.#LIC #NavJeevanShree pic.twitter.com/SmZhZxsMLq
— LIC India Forever (@LICIndiaForever) October 27, 2025
After one year of investment, policyholders can also take a loan against the plan. Along with this, you get bonus benefits and tax deductions under Sections 80C and 10(10D) of the Income Tax Act after maturity.
For high-income investors, the premium amount will be higher. If you fail to pay the premium, the policy may lapse. To get the best information and benefits, it is advised to visit LIC’s official website.
