Buy Policy in 2 mins
With expert guidance
2 lakh+ Customers
Real-time Reviews
Free Comparison
Easy & Efficient
Google Ratings (2500+)
★★★★★11+ Years
IRDAI Approved
5M+
Quotes Generated
100K+
Happy Customers
Among LIC's many efficient plans, the Jeevan Shikhar Plan stands out for its benefits and simplicity. This endowment plan was initially launched as a close-ended plan, available only for 120 days after its release, but the terms have since been revised. The plan offers significant cover, provided you are ready to take the associated risk, which is 10 times the usual tabular single premium.
This non-linked, participating plan is a saving-cum-protection single premium plan. Policyholders can choose their desired maturity sum assured, and the premium varies accordingly. However, there is a minimum sum assured cap of Rs. 100,00.
Any person between the ages of 6 and 45 can avail of this plan. It provides liquidity, allowing the insured person to avail a loan against the deposit. The policy term is 15 years, and the maturity sum assured will be in multiples of Rs. 20,000.
The LIC Jeevan Shikhar Plan offers a range of benefits, including:
| PLAN DETAILS |
Lic Jeevan Shikhar |
Saral Maha Anand |
* The above sample premiums are for a 30-year-old male, nonsmoker with a sum assured of Rs 50 lakhs and a policy tenure of 25 years. You can calculate the premiums for the above life insurance plans using the PolicyX Life Insurance Calculator.
There are various benefits to buying the LIC Jeevan Shikhar Plan. Let’s understand each of them in detail:
If death occurs during the first five policy years: The benefit is payable in case of the insured person's death before the maturity date. Before the date of commencement of risk: A refund of premium(s) paid without interest will be payable.
If the insured survives till the end of the policy period, provided all due premiums have been paid, the Sum Assured on Maturity along with Loyalty Addition will be payable.
Upon completion of policy years and if premiums have been paid for at least 5 years, Loyalty Addition will be covered by a paid-up policy if the policy is in force. Loyalty Addition is also considered during the Special Surrender Value Calculation on the surrender of the policy during the term, only if the full premium has been paid for at least five years.
A revival period of 2 years is given to the assured from the date of the first unpaid premium but before the date of maturity. This applies if the policy lapses due to non-payment of premium by the end of the grace period.
What is a pension plan?
Apr, 2026
Saving and Investing: How Teens Can Make Smart Money Decisions
Apr, 2026
Financial Freedom: An Overview of Its Meaning, Value, and Achievement
Apr, 2026
How Inflation Affects Your Life Insurance Policy in India?
Feb, 2026
Why You Shouldn’t Cancel Your Life Insurance?
Feb, 2026
10-Year Term Insurance Plan
Feb, 2026
Reviewed By: Naval Goel
Naval Goel has over a decade of expertise in the insurance sector, having worked with companies like AIG, New York. He is an Associate Member of the Indian Institute of Insurance, Pune, and is authorized by IRDAI to act as Principal Officer of PolicyX.com Insurance Web Aggregator.
5-min consultation · No spam · No pushy sales
ChatGPT
Claude
Perplexity