LIC's Jeevan Utkarsh-846

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.