eevan Shiromani Plan is a high qualifying insurance policy offered by the Life Insurance Corporation of India (LIC). This plan is an attractive option for those who want to get attractive mental and financial benefits along with security of their lives. In this article, we will get to know about Jeevan Shiromani Plan important features, benefits, eligibility criteria, working of the scheme, application process and other important information as well.
Key Features of Jeevan Shiromani Plan
Key Features of Jeevan Shiromani Plan:
High Sum Assured
Jeevan Shiromani Plan uses high qualification. This plan offers a high sum assured, which helps protect your family against adversity.
Limited Premium Payment
The premium payment limit is fixed in the Jeevan Shiromani Plan. This plan gives you the flexibility to pay premiums for a fixed period, which gives you higher returns.
Maturity Benefit
The maturity benefit of Jeevan Shiromani Plan can be used at the end of the term of the plan. If you survive till the end of the plan term, you get the maturity benefit.
Death Benefit
Death benefit is offered in Jeevan Shiromani Plan . If you die during the term of the plan, your family will get the death benefit, which can keep them financially secure.
Loyalty Additions
Loyalty teachings are also given in Jeevan Shiromani Plan. These teachings compound during the term of the policy and provide additional benefits to you at the time of death or maturity of the policy.
Loan Facility
Loan facility is also available in Jeevan Shiromani Plan. If you require, you can take a loan against your policy.
Eligibility Criteria for Jeevan Shiromani Plan
Eligibility Criteria of Jeevan Shiromani Plan:
Age Criteria
You must be between 18 to 55 years of age to participate in Jeevan Shiromani Plan.
Sum Assured Criteria
Your minimum eligibility amount is determined in the Jeevan Shiromani Plan.
Policy Term
The duration of Jeevan Shiromani Plan is determined as per the discretion.
How Jeevan Shiromani Plan Works
How Jeevan Shiromani Plan works:
Premium Payment Options
In Jeevan Shiromani Plan, there are many options available to you to pay the premium. You can choose annual, yearly, up-to-date or single premium options.
Policy Benefits
Jeevan Shiromani Plan has many policy benefits. It provides you life insurance cover, thereby providing financial security to your family after your death. In addition, the benefits are received at the time of maturity or survival of the plan term.
Surrender Value
If you have to exit the plan during the term of the plan, you can get the surrender value instead.
Benefits of Jeevan Shiromani Plan
Benefits of Jeevan Shiromani Plan:
Life Cover
Jeevan Shiromani Plan provides you life insurance cover, thereby providing financial security to your family after your death.
Maturity Benefit
If you survive till the end of the plan term, you will get the maturity benefit, which you can use as per your requirement.
Tax Benefits
You can get exemption for income tax under Jeevan Shiromani Plan.
Loyalty Additions
You get loyalty rewards during the term of the plan, which gives you additional benefits.
How to Apply for Jeevan Shiromani Plan Online Application Process
Applying for Jeevan Shiromani Plan is very simple. You can apply for the scheme by following these essential steps:
- Visit the official website: To apply for Jeevan Shiromani Plan, you need to visit the official website of Life Insurance Corporation of India (LIC) www.licindia.in .
- Provide Identity Details: After visiting the website, you will be required to fill your identity details like name, address, Aadhaar card number, age etc.
- Select Plan Details: On the website you will get information about Jeevan Shiromani Plan details, policy term, eligibility and etc. You have to choose the plan as per your requirement.
- Pay the premium: After applying, you need to pay the premium for your selected plan. You can make your selection from various payment options.
- Submit Application: After making the premium payment, you need to submit the application. You can submit the application through the website or apply by visiting the nearest LIC branch.
- Verify Application: After your application, a Licensed Agent will contact you and verify the information you provided. Verify all the necessary documents provided by them.
- Receive the policy: After the successful completion of your application process, you will receive your Jeevan Shiromani Plan policy.
Note that before applying for Jeevan Shiromani Plan, you must get complete information about the plan details, policy term, premium payment etc. If you have any questions or doubts, get assistance by contacting a licensed agent of LIC .
Conclusion
Jeevan Shiromani Plan is a great insurance plan that takes care of the financial security of your family. The plan comes with high eligibility and various benefits, which help protect you from adversity. So visit our website now and get priority for Jeevan Shiromani Yojana now!
Frequently Asked Questions (FAQs)
-
What is the premium payment term in Jeevan Shiromani plan?
Answer: The premium payment term in Jeevan Shiromani Plan is till the qualifying period.
-
Can I take loan during Jeevan Shiromani Plan?
Answer: Yes, in Jeevan Shiromani Plan you have the facility to take loan against the plan.
-
Shiromani an I discontinue the policy under a life plan?
Answer: Yes, in case you have to discontinue the plan, you can get the surrender value instead.
-
Is income tax exemption available under Jeevan Shiromani Plan?
Answer: Yes, you can get exemption for income tax under Jeevan Shiromani Plan.
-
Can I buy Jeevan Shiromani Plan online?
Answer: Yes, you can buy Jeevan Shiromani Plan online.