LIC New Plan Launched

LIC Jeevan Vaibhav (Plan No.809) is a non-linked one time (SINGLE) premium endowment assurance policy. Jeevan Vaibhav is a guaranteed return plan. Being a non-linked plan share market risk is Nil.



The plan, which is an ideal combination of insurance and returns, would be available for a limited period only up to a maximum of 120 days. Besides, the policy offers high liquidity through loan after just one year

Benefits:
Death Benefit:
  • During Policy term, excluding last policy year: Sum Assured shall be payable to nominee.
  • During the last policy year: Sum Assured along with Loyalty Addition, if any, shall be payable to nominee.
Maturity Benefit:
On maturity date, the sum assured along with loyalty addition, if any, will be payable to the policy holder.

This is an ideal plan for all groups of people, be it youngsters who want to save a nest-egg for following their passion after putting in some years of hard work and gaining experience, or parents who want to save money for funding their young child's, grand children's higher education or for financing other needs of self or children who have grown up

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