Jeevan Utkarsh Plan (T-846)

Jeevan Utkarsh Plan (T-846)

LIC Jeevan Utkarsh Plan (T-846) is a close ended plan and will be available for sale from 06th September 2017 till 2nd june 2018 only. This is a single premium, with profits, saving cum protection plan and this plan provides a higher risk cover of ten times of premium paid.

LIC Jeevan Utkarsh Plan – USP’s

Let’s check some unique selling points of Jeevan Utkarsh Plan

  • LIC Jeevan Utkarsh Plan is a One time investment plan.
  • Provides Risk Cover 10 times of single premium paid.
  • Best option to create wealth for future and this plan can be gifted to children from their parents / Grandparents to ensure child education and marriage expenses.
  • Single premium plan means no future premium burden.
  • LIC Jeevan Utkarsh Plan is Suitable for any family commitment.
  • Settlement option is available for both maturity and death claim amount over a period of 5 or 10 or 15 years.
  • Accidental & Disability cover available.
  • Tax Benefit under section 80C up to 5 Lakhs.
  • This Plan Provides Unlimited tax free maturity.
  • No share market risk, Government of India guarantee.
  • Attractive Loyalty Additions.
  • The policy can be surrendered at any time during the policy term.
  • Loan facility is available under this plan after completion of 3 months only.

 

Policy Benefits Of LIC Jeevan Utkarsh Plan:

Death Benefit:

On death during first five policy years:

Before the date of commencement of risk: Refund of single premium without interest.

After the date of commencement of risk:“Sum assured on death” is payable.

 

On death after completion of five policy years:

Sum assured on death” equal to 10 times of single premium paid along with loyalty addition, if any shall be payable.

 

Maturity Benefit:

On the life assured surviving the end of the term “sum assured on maturity” along with loyalty addition, if any shall be payable.

Eligibility Conditions:

         Minimum Age to Apply                   6Years(Completed)
         Maximum Age to Apply              47Years (Nearest Birthday)
   Minimum Basic Sum Assured                        ₹ 75,000
   Maximum Basic Sum Assured                        No Limit
   Mode of Premium Payment              Single Premium Only
                Policy Term                       12 Years
                    Loan                After 3 Months

 

LIC Jeevan Utkarsh Plan

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