LIC Jeevan Shiromani Plan: Ensuring financial security in today’s fast-paced life is a big challenge. LIC Jeevan Shiromani Plan is a scheme that turns a small investment into a big return. With this policy, you can get ₹1 crore at the end of the term by paying premiums for just four years. It is not only a savings plan but also protects your family’s future.
This plan from the Life Insurance Corporation of India (LIC) is best suited for people with higher income. You can also save tax through the LIC New Jeevan Shiromani Plan. Know all its benefits below.
Key Features of LIC Jeevan Shiromani Scheme
In the LIC Jeevan Shiromani Plan, you need to pay the premium for only four years. You have to deposit around ₹94,000 every month. For those who want to invest less, there are also other affordable options. You can pay the amount monthly, quarterly, or annually.
However, remember — if you miss paying the premium for any reason, your policy may get cancelled. So, it is important to pay premiums regularly. This is a non-linked plan, which means it does not depend on market ups and downs. You will get guaranteed returns, and your investment will remain safe.
Maturity Profit and Bonus
At the end of the term, you will get a sum assured of ₹1 crore. The policy term can be 14, 16, 18, or 20 years. Along with this, bonuses will also be added, which increase your total returns. This makes a strong financial base for your family.
If the policyholder dies, the nominee will get the full amount. LIC Jeevan Shiromani’s maturity benefits are designed to give long-term protection. There is no upper limit on the sum assured.
Eligibility and Application Process
The minimum age to join this plan is 18 years, and the maximum age is 51 years. For a term of 18 years, the maximum age is 48 years, and for a term of 20 years, it is 45 years.
You can check the full eligibility on the official LIC website. A medical check-up may be required for older applicants. This is a high-value insurance plan, suitable for people with high income. The application process is simple and can be done online.
Loan and Tax Benefits
You can take a loan after one year of starting the policy. This helps you meet urgent money needs. Tax benefits are available under Section 80C, and the maturity amount is tax-free under Section 10(10D).
LIC Jeevan Shiromani is known as a tax-saving plan. These benefits make your savings more profitable, while also providing family protection and helping achieve financial goals.
Why Choose LIC Jeevan Shiromani Plan?
This plan helps secure your future. After paying premiums for four years, profits continue without any extra payment. It gives stable returns without any market risk.
LIC Jeevan Shiromani has received positive reviews. It helps in meeting family expenses like education and marriage. This is a smart and safe investment option. It’s always good to take expert advice before starting.
How to Start?
- Visit the nearest LIC office or go to the official online portal.
- Submit the required documents.
- Use the LIC Jeevan Shiromani calculator to check your premium.
- Apply online and enjoy all the benefits.
- This plan can be the best decision for your future. Start today and secure your family’s tomorrow.