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LIC Jeevan Nidhi 9980940508


LIC New Jeevan Nidhi - Pension Plan

LIC Jeevan Anand
New Jeevan Nidhi Plan provides for death cover during the deferment period and offers annuity on survival to the date of vesting.

The corpus that is created by regular premium payments until age 55 to provide pension for old age is the Sum Assured + Accrued Guaranteed Additions + Simple Reversionary Bonus + Terminal Bonus. The age where pension is payable is called Vesting Age and the date when pension starts is called Vesting Date.

Key Features of LIC Jeevan Nidhi Plan
This plan is a combination of risk and pension plan
Deferred annuity plan with bonus facility
Pension from age 55 onwards.
Guaranteed Additions available for the first 5 years
Can be purchased as a single premium deferred pension product.
Accidental Death benefit is available with extra premium payment in this plan
Large Sum Assured rebate is also provided

Eligibility Conditions and Other Restriction :
a) Minimum Basic Sum Assured : Rs. 100,000 and 1,50,000 in Single premium
b) Maximum Basic Sum Assured : No Limit
(The Basic Sum Assured shall be in multiples of Rs. 5000/-)
c) Minimum Age at entry : 20 years (completed)
d) Maximum Age at entry : 60 years (nearest birthday)
e) Maximum Maturity Age : 75 years (nearest birthday)
f) Minimum Policy Term : 5 years
g) Maximum Policy Term : 35 years
h) Maximum vesting age: 65 years(nearest birthday)

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