This document describes the features and benefits of LIC's Jeevan Shagun savings plan. The plan allows the policyholder to choose a maturity sum assured and pay a single premium. It provides death benefits of 10 times the premium as well as survival benefits paid out at years 10, 11, and maturity. At maturity, the policyholder receives 65% of the maturity sum assured plus any loyalty additions. The document provides details on eligibility, sums assured, premiums, loan and surrender benefits.

1. JEEVAN SHAGUN
Plan No. 826
Presented by:-
Sumeet Pawar
Insurance Advisor
Call (+91) 7738546484
License No: 10149681
Agency Code: 02187929

2. Features
LIC's Jeevan Shagun is a participating, non-linked, savings cum
protection single premium plan wherein the risk cover is a
multiple of single premium.
The proposer will have an option to choose the Maturity Sum
Assured. The single premium payable (exclusive of service tax)
shall depend on the chosen amount of Maturity Sum Assured
and age of the life assured.
A percentage of Maturity Sum Assured shall be payable on
surviving to the end of the specified durations and on
maturity. This plan also takes care of liquidity need through its
loan facility. The plan will be open for sale for a maximum period
of 90 days from the date of launch.

3. Benefits
Death Benefit:
On death during first five policy years:
Basic Sum assured i.e. 10 times the tabular single
premium shall be payable.
On death after completion of five policy years:
Basic Sum assured i.e. 10 times the tabular single
premium along with Loyalty Addition, if any, shall be
payable.

4. Benefits
Survival Benefit:
On Life Assured surviving to the end of the
specified durations, the following Survival
benefit shall be payable.
At the end of 10th policy year: 15% of the
Maturity Sum Assured.
At the end of 11th policy year: 20% of the
Maturity Sum Assured.

5. Benefits
Maturity Benefit:
On maturity, 65% of the Maturity Sum
Assured along with Loyalty Addition, if any,
shall be payable.

6. Benefit Illustration
Basic Details-
Sum Assured: Rs 1,00,000
Age at Entry: 30 yrs
Term: 12 yrs
Single Premium: Rs 53,736 (52,125 + 1,611)
Approximate Maturity Returns-
Risk Cover (10 times of the premium paid): Rs 5,21,250
End of 10th year 15% MSA: Rs 15,000
End of 11th year 20% MSA: Rs 20,000
Loyalty Addition: Rs 5,000
Maturity (SA + IB + FB): Rs 70,000

7. Eligibility Conditions & Other
Restrictions
Minimum entry age : 8 years(completed)
Maximum entry age : 45 years (nearest birthday)
Policy term : 12 years
Sum Assured : 10 times of tabular premium
Minimum Maturity SA : Rs 60,000
Maximum Maturity SA : No Limit
(Sum Assured will be in multiples of Rs.5,000 /- only)
Premium payment mode : Single Premium

8. High Sum Assured Rebate
Sum Assured (S.A) Rebate (Rs.)
Below 1,50,000 Nil
1,50,000 to 3,95,000 Rs 15 per 1000 on M.S.A.
4,00,000 & Above Rs 20 per 1000 on M.S.A.

9. Loan Facility
Loan can be availed under this plan any time
after completion of one policy term and subject
to terms and conditions as the Company may
specify from time to time.

10. Surrender Value
The policy can be surrendered for cash at any time during the
policy term. The minimum Guaranteed Surrender Value
allowable shall be as under:
First year: 70% of the Single premium excluding extra
premiums and taxes, if any.
Thereafter: 90% of the Single premium excluding taxes,
any extra premium paid and survival benefits, if paid
earlier.
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
Loyalty Addition, if any, based on surrender value, shall also be
payable.

11. Cooling-off Period
If the Policyholder is not satisfied with the “Terms and
Conditions” of the policy, the policy may returned to
the Corporation within 15 days from the date of receipt
of the policy stating the reason of objections. On
receipt of the same the Corporation shall cancel the
policy and return the amount of single premium
deposited after deducting the proportionate risk
premium for the period on cover, stamp duty charges
and any charges incurred on medical examination and
special reports.