LIC’s JEEVAN NISCHAY TABLE NO. 199
LICs Jeevan Nischay is a single premium closed ended plan designed exclusively for our valuable policyholders like you who have at least one in force risk bearing policy with us accepted at our standard rate. You may choose the premium amount you wish to pay and the sum payable on maturity (Maturity Sum Assured) will depend on the premium amount, your age and the term selected.

ELIGIBILITY CONDITIONS
  • Minimum age at entry 18 years (completed)
  • Maximum age at entry 50 years (nearest birthday)
  • Policy term 5, 7 and 10 years
  • Minimum Single Premium Rs. 10,000/-
  • Maximum Single Premium Rs. 10,00,000/-

(Premium shall be in multiples of Rs.1,000/-) Maximum Basic Sum Assured (First Year Death Benefit) : Lower of- Rs. 50,00,000, and 50% of total Sum Assured (total death benefit) under all existing in force policies

INCENTIVE FOR HIGH PREMIUM PAID
If your premium amount is Rs. 25,000 or more, you will receive higher maturity sum assured due to available incentive.

LOAN
You can avail loan under this plan after completion of one policy year.