LIC JEEVAN NIDHI POLICY

Plan :Jeevan Nidhi (818) Product Summary : New Jeevan Nidhi(818) Plan is a conventional with profits pension plan which provides for death cover during the deferment period and offers annuity on survival to the date of vesting. Premium Payment Mode: Yearly, Halfly, Quarterly, Monthly(ECS) Term : 7 to 35 years Minimum Entry Age : 20 Year Completed Maximum Entry Age : 58 Year (Nearest Birthday) Minimum Vesting Age : 55 Year Maximum Vesting Age : 65 Year Minimum Sum Assured : 1,00,000 Maximum Sum Assured : NO LIMIT (Depending upon Income) • Maximum Accidental Death and Disability Benefit Rider up to age 70. Policy Benefits : On Death : Death during first five policy year : Sum Assured + Guaranteed Addition Death after first five policy year : Sum Assured + Guranteed Addition + Vested Bonus + FAB if any. On Vesting : On Vesting Basic Sum Assured + Guaranteed Addition + Vested Bonus + FAB if any. Option On Vesting : 1. Get 1/3rd amount as commutation and Buy Jeevan Akshay policy of Balance amount increased by 3%. 2. Buy Jeevan Akshay of Full vesting amount increased by 3%. 3. Buy Jeevan Nidhi Single Premium. Surrendered Value : Single Premium : The Policy can be surrendered at any time during the deferment Period(term). Regular Premium : Term less than 10 : After atleast 2 full years premiums have been paid. Term 10 or More : After atleast 3 full years premiums have been paid. Loan : No loan facility will be available under this plan. Income Tax Benefit : • On Premiums : u/s 80C • Commutation Tax free : u/s 10(10A)iii • Death claim Tax free : u/s 10(10D) • Pension : Taxable.