Jeevan Vaibhav

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LIC of India‘s new Jeevan Vaibhav plan (Table No.809) is a non-linked, single premium endowment assurance policy. Jeevan Vaibhav is an investment plan where you can invest a lump sum surplus money. LIC Jeevan Vaibhav will be available for sale from 21st May 2012 for a maximum period of 120 days.

Jeevan Vaibhav Benefits:

Death Benefit:

If the policy holder dies within the policy term, excluding last year of the policy, Sum Assured (SA) will be given to the nominee.

And, if the policy holder dies during the last the policy year,  Sum Assured (SA) along with loyalty addition, if any, will be payable to the nominee.

Maturity Benefit:

If the policy holder survives on the maturity of the policy, the sum assured (SA) along with loyalty addition, if any, shall be payable to the policy holder.

Loan on policy:
Loan on policy will be given after one policy year. Loan on policy will depend on your single premium amount. The amount of loan would be maximum of 70% of surrender value. The rate of interest on loan amount is 10.25% p.a. compounding half-yearly.

Surrender Value:
After one policy year, Jeevan vaibhav can surrendered. Surrender value after one policy year will be 90% of single premium paid while buying the policy excluding extra premium paid, if any. Depending on how old your policy is, special surrender value will be given to the policy holder. Special Surrender value will be the discounted value of the Sum Assured.

Eligibility Conditions and Restrictions:

  • Minimum Entry Age: 8 years (completed)
  • Maximum Entry Age: 65 years (nearest birthday)
  • Policy Term: 10 years
  • Minimum Sum Assured: Rs.2,00,000/-
  • Maximum Sum Assured: No Limit
  • The sum assured would be in multiple of Rs.10,000/-
  • Mode of Premium: Single premium
  • Proposal Form: 300 or 340
  • Back dating: Available
  • Loan on policy: Available

Jeevan vaibhav Premium Table:

                     Jeevan Vaibhav Table No. 809
    GUARANTEED SUM ASSURED AFTER 10 YEARS + Loyalty Additions
Sum Assured (SA)
2,00,000 4,00,000 6,00,000 1,00,0000
Age Premium
Per 1000 SA
Premium +
Service Tax
Premium +
Service Tax
Premium +
Service Tax
Premium +
Service Tax
8 476.05 95210 195479 292600 487667
9 476.15 95230 195520 292662 487770
10 476.25 95250 195562 292724 487873
11 476.40 95280 195624 292817 488028
12 476.55 95310 195685 292910 488183
13 476.70 95340 195747 293002 488337
14 476.85 95370 195809 293095 488492
15 476.95 95390 195850 293157 488595
16 477.05 95410 195892 293219 488698
17 477.10 95420 195912 293250 488750
18 477.20 95440 195953 293312 488853
19 477.25 95450 195974 293343 488904
20 477.35 95470 196015 293404 489007
21 477.40 95480 196036 293435 489059
22 477.40 95480 196036 293435 489059
23 477.45 95490 196057 293466 489111
24 477.50 95500 196077 293497 489162
25 477.50 95500 196077 293497 489162
26 477.55 95510 196098 293528 489214
27 477.55 95510 196098 293528 489214
28 477.60 95520 196118 293559 489265
29 477.65 95530 196139 293590 489317
30 477.75 95550 196180 293652 489420
31 477.85 95570 196222 293714 489523
32 478.00 95600 196283 293807 489678
33 478.20 95640 196366 293930 489884
34 478.40 95680 196448 294054 490090
35 478.65 95730 196551 294209 490348
36 478.95 95790 196675 294394 490657
37 479.30 95860 196819 294611 491018
38 479.65 95930 196964 294827 491378
39 480.05 96010 197129 295075 491791
40 480.55 96110 197335 295384 492306
41 481.05 96210 197541 295693 492822
42 481.60 96320 197768 296033 493389
43 482.25 96450 198036 296435 494059
44 483.00 96600 198345 296899 494832
45 483.85 96770 198696 297425 495708
46 484.80 96960 199087 298013 496688
47 485.85 97170 199520 298662 497770
48 487.00 97400 199995 299373 498956
49 488.25 97650 200510 300147 500244
50 489.55 97910 201046 300951 501584
51 491.00 101234 201644 301848 503079
52 492.50 101544 202263 302775 504626
53 494.15 101884 202943 303796 506327
54 495.85 102234 203644 304847 508079
55 497.70 102616 204407 305992 509986
56 499.75 103038 205252 307260 512100
57 501.95 103492 206159 308621 514368
58 504.30 103977 207128 310074 516790
59 507.50 104544 208262 311775 519625
60 510.15 105183 209541 313693 522821
61 513.55 105884 210943 315796 526326
62 517.40 106678 212530 318177 530295
63 521.60 107543 214262 320775 534625
64 526.25 108502 216180 323651 539418
65 531.40 109564 218303 326837 544728
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About Deepak

Deepak is Authorized LIC Agent from Mumbai. He offers quick and personalized service to his clients in India and Abroad. For Life Insurance, Term Insurance, ULIP Investment and Child Insurance plan from LIC Of India contact him.

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