The Jeevan Shagun Plan No. 826 is a single premium, non-linked savings and protection insurance plan that offers death, survival, and maturity benefits based on the chosen maturity sum assured and the life assured's age. The plan includes loan facilities, flexible premium rates, and allows surrendering the policy for cash under specific conditions. Additional details include eligibility criteria, premium rates, and a cooling-off period for policyholders who wish to withdraw within 15 days.

1. Jeevan Shagun
Plan No. 826
PRESENTED BY: -
SUMEET PAWAR
( INSURANCE ADVISOR)
CONTAC TS: -
(+91) 7738546484
(+91) 9773757120

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. Benefit
 Death Benefit: (deal with sudden financial crisis)
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. Benefit
 Survival Benefit: (near term-end 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. Benefit
 Maturity Benefit: (Term-End Benefit)
On maturity, 65% of the Maturity Sum Assured along with
Loyalty Addition, if any, shall be payable.

6. Benefit Illustration
Details Value
Age 10 years
Term 12 years
Premium Paying Term Single
Sum Assured Rs 1,00,000
Premium Paid (incl. ST) for 1st yr Rs 51,024 (Rs 49,495 + Rs 1,529)
End of 10th yr – 15% MSA Rs 15,000
End of 11th yr – 20% MSA Rs 20,000
Loyalty Additions Rs 5,000
Risk Covered - 10 times of Premium paid Rs 4,94,950
TOTAL Maturity Amount Rs 70,000
Notes :
This illustration is applicable to a non-smoker male/female standard (from medical, life style and
occupation point of view) life.
In preparing this benefit illustration it is assumed that the Projected CAGR ie Compounded Annual Growth
Returns will be 6% p.a. to 10% p.a., as the case may be. The Projected CAGR is not guaranteed.

7. Eligibility Conditions & Other Restrictions
Details Value
Minimum Entry Age 8 years (completed)
Maximum Entry Age 45 years (nearest birthday)
Policy Term 12 years
Minimum / Maximum Basic Sum Assured 10 times of tabular single premium
Minimum Maturity Sum Assured Rs 60,000
Maximum Maturity Sum Assured No Limit
Sum Assured will be in multiple of Rs 5,000
Premium Payment Mode Single

8. Sample Premium Rates
Specimen tabular Single Premium rates for some of the ages per Rs.1000/-
Maturity Sum Assured are as under
Age Terms
10 494.95
20 508.20
30 521.25
40 595.40

9. Rebate for High Sum Assured & Payment
Mode
Maturity Sum Assured (in Rs) Reduction in Tabular premium
per 1000/- Maturity Sum Assured
(in Rs)
Below 1,50,000 Nil
1,50,000 to 3,95,000 15
4,00,000 and above 20

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. Loan
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.

12. 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.

13. Claims Settlement Report of all Life
Insurance Companies in India (IRDA Annual Report 2012-13)

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