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Lic Jeevan Shagun
VS
Lic New Money Back
| PLAN DETAILS |
Lic Jeevan Shagun |
Lic New Money Back |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
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| Plan Uniqueness |
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| Plan Maturity age | Maximum Maturity Age - NA | Maximum Maturity Age - 70 years |
| Premium payment term | Single Premium | 15 years |
| Plan Entry Age | Minimum Age - 8 years Maximum Age - 45 years | Minimum Age - 13 years Maximum Age - 50 years |
| Sum assured | Rs 60,000 to No llimit | Rs 1 lakh to No limit |
| Premium payment frequency | Annual, half-yearly, quarterly & monthly | Annual, half-yearly, quarterly & monthly |
| Plan Sample Premium | - | - |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy tenure | Specified Duration by LIC | 20 years |
| Claim Settlement Ratio (2024-25) | 98.5% | 98.5% |
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LIC Money Back Plan 920 Details |
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LIC Jeevan Shagun is a non-linked, participating, savings with protection single premium Money-Back plan. The policy provides high life cover in the event of the miserable death of the policyholder where the single premium paid depends on the maturity sum assured opted by the insured. On surviving till the end of a certain period and on the maturity date, a percentage of the Maturity Sum Assured is paid by LIC.
The plan was launched on 1st September, 2014 for a period of 90 days as it is a close-ended plan so one can fulfill any immediate service requirement. For new buyers looking to buy a similar LIC one time investment plan, you will find comparisons with other plans currently offered by LIC.
The single premium paid for the plan ranges accordingly on the basis of various factors like the policy term, the insured person’s age, the sum assured chosen, etc. After purchasing the policy, tax benefits are also applicable to the plan.
LIC Jeevan Shagun Plan offers you a range of benefits including:
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