LIC NEW JEEVAN NIDHI PLAN 812

LIC NEW JEEVAN NIDHI (Plan no 812) is a deferred pension plan which is launched on 2nd JAN 2013.New Jeevan Nidhi also provides a risk cover during the deferment period. The USP of the New Jeevan Nidhi plan being the pension can commence at 55 years. The premiums paid are exempt under Section 80CCC of Income Tax Act

Features:

1.     Insurance cover upto date of vesting.

2.     Option to purchase immediate annuity or to purchase New Single premium deferred pension plan.

3.     For the First 5 years there is Guaranteed additions. After 6^th policy year, benefit of Vested Bonus and Final Additional Bonus.

4.     Mode: Single premium, Yearly, Half yearly, Quarterly and Monthly (ECS/SSS)

5.     Death Benefit:

1) If Death occurs within first 5 years of starting LIC JEEVAN NIDHI, Sum assured along with guaranteed accrued bonus will be paid

2) If Death occurs after 5 years, Sum assured, guaranteed bonus and vested reversionary bonus and final additional bonus.

Ready Recknor for Vesting age 55 years , Sum Assured of Rs 10,00,000/-

Age	Term	Yearly Mode	Monthly Mode	SSS or        ECS	Sum Assured	Bonus	FAB	Total Amt SA+B+FAB	Monthly Pension	Commuted Value	Pension After Commutation
20	35	28210	14240	2400	1000000	1750000	1850000	4600000	27350	1533330	18230
22	33	30330	14860	2580	1000000	1650000	1550000	4200000	24970	1400000	16650
25	30	34120	16710	2900	1000000	1500000	900000	3400000	20220	1133330	12770