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1. #LIC Jeevan Shikhar Plan 837 Features and Benefits
#LIC is planning to launch its new endowment plan “Jeevan Shikhar Plan No.837” on
11th
January, 2016. Jeevan Shikhar is a participating, non-linked, with profit, savings cum
protection plan which will be open for a period of 120 days from the date of launch i.e. from
11th
January, 2016 to 31st
March, 2016.
Jeevan Shikhar is a single premium plan wherein life assured will have an option to choose the
amount of Sum Assured and the premium payable shall depend on the chosen amount and
entry age of life assured.
Features
 Minimum Entry Age of Life Assured : 6 years (completed)
 Maximum Entry Age of Life Assured : 45 years (nearer birthday)
 Sum Assured on Death : 10 times of tabular single premium
 Minimum Maturity Sum Assured : Rs.1,00,000/-
 Maximum Maturity Sum Assured : No Limit (Maturity Sum Assured shall be in multiple
of Rs.20,000/- only)
 Policy Term : 15 years
 Premium payment mode : Single premium only
Death Benefits
On Death during the First 5 years of Policy
Before the Commencement of Risk: In case life assured dies before the commencement of the
risk, single premium amount without any interest will be refunded to the nominee.
After the Commencement of Risk: In case life assured dies after the risk is commenced, an
amount equal to 10 times of tabular single premium will be payable to the nominee.

2. On Death after first 5 but before maturity of the Policy
In case life assured dies after first 5 years of policy but before maturity of the policy, an amount
equal to 10 times of tabular single premium along with Loyalty Additions, if any, will be payable
to the nominee.
Maturity Benefits
On life assured survives throughout the policy term, than Sum Assured on Maturity along with
Loyalty Additions, if any, shall be paid.
LOAN: Loan facility shall be available under the plan at any time during the policy term after. 3
months from the date of acceptance of risk or after expiry of the free-look period, whichever is
later. Depending on the age at entry, the maximum loan that can be granted as a percentage of
surrender value for different policy terms are as under:
Policy year
Maximum Loan Amount as a
% of surrender value for age
at entry <=35
Maximum Loan Amount as a
% of surrender value for age
at entry >35 years.
*3 month to 3rd
55% 35%
4th
to 6th
65% 50%
7th
to 9th
75% 70%
10th
to 12th
80% 80%
13th
to 15th
85% 85%
*3 month means loan can be availed after three months from Date of acceptance of risk or
after expiry of the Free-look period, whichever is later.
SURRENDER VALUE:
The policy can be surrendered at any time during the policy year. The Guaranteed Surrender
Value allowable shall be as under:
 First year: 70% of the Single Premium.
 Thereafter: 90% of the Single Premium.

3. Single Premium mentioned above shall not include any extra amount if charged under the
policy due to underwriting decision and taxes.
The Corporation shall pay Special Surrender Value as applicable as on date of surrender
provided the same is higher than Guaranteed Surrender Value.
If the policy is surrendered after completion of five policy years applicable Loyalty Addition, if
any, shall also be payable.
Tax: Statutory Taxes, if any, imposed on such insurance plans by the Govt. of India or any other
constitutional tax Authority of India shall be as per the Tax laws and the rate of tax as applicable
from time to time.
The amount of Service Tax payable as per the prevailing rates shall be payable by the
policyholder on single premium including extra amount if charged under the policy due to
underwriting decision, which shall be collected separately over and above in addition to the
premium payable by the policyholder. The amount of Tax paid shall not be considered for the
calculation of benefits payable under the plan.
Other conditions and policy features
Policy can be surrendered at any time during the policy term: First year- 70% of Single
Premium, Thereafter-90% of Single premium
1. Loan facility is available under this plan, after 3 months of the issuance of the policy.
2. Policy can be taken from back date up to same financial year
3. Nomination and assignment in this policy is available.
4. This plan is available for sale up to 31/03/2016.

4. Contact us on 9811362697 for more details.