LIC Jeevan Shree Policy Table 112

Product summary:

This is an Endowment Assurance plan offering the choice of many convenient premium paying terms. It provides financial protection against death throughout the term of plan with the payment of maturity amount on survival to the end of the policy term.
Premiums:
Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deductions, as opted by you, throughout the premium paying term or till earlier death. Alternatively premium may be paid in one lump sum (Single premium).

Guaranteed Additions:
The policy provides for the Guaranteed Additions at the rate of Rs. 50/- per thousand Sum Assured for each completed year for first five years of the policy. The Guaranteed Additions are payable along with the Basic Sum Assured at the time of claim.

Bonuses:
The policy participates in the profits of the Corporation’s life insurance business from the 6th year onwards. It will get a share of the profits in the form of bonuses. Simple Reversionary Bonuses will be declared per thousand Basic Sum Assured annually at the end of each financial year. Once declared, they will form part of the guaranteed benefits of the plan.
Death Benefit:
The Sum Assured alongwith guaranteed additions and vested bonuses, if any, is payable in a lump sum on death of the life assured during the policy term.

Maturity Benefit:
The Sum Assured alongwith guaranteed additions and reversionary bonuses, if any  is payable in a lump sum on survival to the end of the policy term.

6 Comments on "LIC Jeevan Shree Policy Table 112"

  1. modi naresh kumar | June 25, 2011 at 5:21 pm | Reply

    i paid for 11 yrs in jeevan shree-1 and remaining balance to pay within 5 yrs..my policy no. is 644773308.. After completing period how much money will i get back ?

    • My query is also the same. I am much confused as to how much I would get and when; coz i realized that the policy document does not really state anything about the maturity benefit. Also from what I remember when I signed up for the policy, we should be getting something in 2 parts but don’t remember the full details.

  2. I have Jeevan Shree – 1 (T No. 162) the premiums its been paid 5 years and remaining is 11 years. after completion of 16 years how much money i will get back and after 25 years how much money i will get back.

    thanks in advance.

    reddy.

  3. Pls. send me the policy details of Jeevan Shree 112. Thanks

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