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| LIC's Jeevan Utkarsh-846 |
LIC’s Jeevan Utkarsh (Plan 846)
LIC’s Jeevan Utkarsh is a single premium,
non-linked, with-profits, savings cum protection plan.
As it is a non linked plan amount is not invested in the equity or share market.
The risk cover of the plan is ten times of Tabular Single premium.
·
ＬＩＣ Ｊｅｅｖａｎ Ｕｔｋａｒｓｈ policy
is a single premium policy. It means that investors will pay premium only once
which will be paid at the time of buying the policy.
·
The
maturity period of the policy will be of 12 years.
·
This
policy provides protection against accidental death and disability benefit
rider.
·
One
of the most unique features of the policy is its New Settlement Feature.
·
Policy
holder can apply for loan after a period of 3 months from the date of purchase
of policy.
·
Insurance
coverage will be given only after the policy has completed its 5 years of time
frame. In case if the policy holder dies before the completion of 5 years then
the amount that will be given to the nominee will be equal to the premium made
by the policy holder. No interest will be given to the policy holder before 5
years as the interest will start computing after the completion of 5 years.
·
If
in case the policy holder survives till the completion of the policy term then
he/she will be provided with the “Sum Assured on Maturity” along with the
Loyalty (if any), shall be payable.
