LIC Jeevan Shanti Plan: Options:
As talked about above, this plan is available in two choices (rapid and deferred annuity) with a one-time premium fee. Underneath the rapid possibility, the returns may be availed publish fee of all of the premiums, whereas underneath the deferred possibility, you may avail returns solely after a restricted time interval. The minimal deferment interval of the coverage is one 12 months, whereas the utmost deferment interval of the coverage is 20 years.
LIC Jeevan Shanti Plan: Advantages:
The advantages of the plans are listed beneath as per the respective choices.
A. Quick Annuity Plan:
- The annuity fee shall be made as per the fee mode chosen so long as the policyholder is alive.
- No demise profit can be payable in case of demise and the coverage will stop to exit instantly.
- The annuity fee is payable as per the fee mode chosen so long as the policyholder is alive.
- On the demise of the policyholder in the course of the assured interval, the nominee will obtain the annuity quantity until the top of the assure interval.
- In case of demise after the assured interval, no quantity can be payable and the coverage will stop to exit instantly.
- The annuity fee shall be made as per the fee mode chosen so long as the policyholder is alive.
- In case of demise of the policyholder, the annuity fee will cease instantly and the nominee will obtain the Buy Value.
- The annuity fee shall be made as per the fee mode chosen so long as the policyholder is alive.
- No demise profit can be payable in case of demise and the coverage will stop to exit instantly.
- The annuity fee shall be made as per the fee mode chosen so long as the policyholder is alive.
- Upon the demise of the first policyholder, 50% of the annuity quantity can be paid to the surviving secondary policyholder. In case of demise of the secondary policyholder, the annuity funds will cease instantly.
- In case of demise of the secondary policyholder earlier than the demise of the first policyholder, the annuity fee can be made to the first policyholder.
- 100% of the annuity fee shall be made as per the fee mode chosen so long as one of many annuitants is alive.
- In case of demise of the final survivor, the annuity funds will cease instantly.
- 100% of the annuity fee is payable as per the fee mode chosen so long as one of many annuitants is alive.
- In case of demise of the final survivor, the annuity funds will cease instantly and the Buy Value shall be paid to the nominee.
B. Loss of life Profit (Deferred Annuity)
The quantity can be increased of Buy Value plus Accrued Assured Additions (as specified beneath) minus Whole annuity funds made until date of demise, if any, OR 110% of the Buy Value.
C. Accrued Assured Additions (Deferred Annuity)
You’ll obtain Assured Additions per thirty days the place the worth of Assured Additions is (Buy Value * Annuity charge p.a. payable month-to-month) / 12.
The annuity charge p.a. payable month-to-month shall be equal to month-to-month tabular annuity charge and shall rely on the age at entry of the policyholders and the chosen deferment interval.
Vital Hyperlinks:
- LIC Jeevan Shanti Gujarati Video: Click Here
- LIC Jeevan Shanti Doc PDF: Click Here
- LIC Jeevan Shanti PDF: Click Here
- LIC Official Web site: Click Here
Additionally, Learn Different Authorities Scheme Publish: Click Here