LIC’s New Jeevan Nidhi Plan is a conventional with profits pension plan with a combination of protection and saving features. This plan provides for death cover during the deferment period and offers annuity on survival to the date of vesting. For More Details LIC New Jeevan Nidhi Policy Buy Chennai Contact 9940240384, Chennai www.licindiachennai.com, email@example.com new lic policies.
Eligibility Conditions and Other Restrictions : LIC New Jeevan Nidhi Insurance Plan
a) Minimum Basic Sum Assured : Rs.1,00,000 under Regular Premium policies
Rs.1, 50,000 under Single Premium policies
b) Maximum Basic Sum Assured : No Limit
(The Basic Sum Assured shall be in multiples of Rs.5000/-)
c) Minimum Entry Age : 20 (nearest Birthday)
d) Maximum Entry Age : 60 (nearest Birthday) under Single Premium
58 (nearest birthday) under Regular Premium
e) Deferment period : 5 to 35 under Single Premium &
7 to 35 under Regular Premium
f) Minimum Vesting Age : 55 (nearest birthday)
g) Maximum Vesting Age : 65 (nearest Birthday)
Payment of Premiums: Premiums can be paid regularly at yearly, half-yearly, quarterly or monthly (through ECS only) or through SSS mode over the term of policy. Alternatively, a single premium can be paid.
A grace period of one calendar month but not less than 30 days will be allowed for payment of yearly or half-yearly or quarterly premiums and 15 days for monthly premiums. If the premium is not paid before the expiry of days of grace, the policy lapses.
Benefits you get from LIC New Jeevan Nidhi Insurance Policy
Additional Features and Benefits of LIC New Jeevan Nidhi Plan
Riders- There is 1 additional rider available: Accidental Death Benefit rider
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For More Details LIC New Jeevan Nidhi Policy Buy Chennai Contact 9940240384, Chennai www.licindiachennai.com, firstname.lastname@example.org new lic policies.