LIC Jeevan Shree (Plan 162) Premium & Returns Calculator
Model LIC's vintage savings plan designed for high net-worth individuals. Calculate limited pay premiums, high guaranteed additions, and terminal loyalty returns.
Guide to LIC Jeevan Shree Plan (Plan 162)
LIC's Jeevan Shree (Plan 162) is a limited premium paying, participating endowment assurance plan launched for affluent clients. The plan guarantees fixed additions of ₹50 to ₹60 per ₹1,000 Sum Assured for the initial years of the policy, which significantly boosts the maturity corpus. It also offers flexible policy terms and higher rebates for larger sum assured selections.
Plan Eligibility & Key Actuarial Limits
| Policy parameter | Details and limits |
|---|---|
| Minimum Entry Age | 18 Years (Completed) |
| Maximum Entry Age | 60 Years |
| Minimum Sum Assured | ₹5,00,000 |
| Maximum Sum Assured | No Limit |
| Policy Term Options | 10, 15, 20, or 25 Years |
| Premium Payment Terms | Shorter than policy term (PPT 5 to 16 years) |
Tax Benefits & Payout Options
Premiums qualify for Section 80C tax relief. Maturity values and death benefits are tax-free under Section 10(10D).
Frequently Asked Questions (FAQs)
What are the Guaranteed Additions in Jeevan Shree?
Is Jeevan Shree still active for new sales?
Are loans available on this plan?
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