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LIC (Life Insurance Corporation of India), the country's most trusted insurance company, periodically introduces policies tailored to its customers' needs and financial capabilities. One of these impressive money-making plans is the Jeevan Shiromani Policy, specifically designed for those seeking a safe investment of their earnings and a strong financial security shield for the future.

What is LIC Jeevan Shiromani?

Jeevan Shiromani is a non-linked savings plan, meaning it is not affected by stock market fluctuations. Essentially, it is a high-value life insurance policy with a minimum sum assured of ₹1 crore. This plan is specifically designed for high-income groups seeking security and superior returns.

The most significant feature of this policy is that premiums are only required for four years, while the insurance cover remains in place for the entire term. Although the premium amount for this scheme is slightly higher, the benefits and guaranteed returns make it an excellent option.

How is the money deposited?
This policy requires you to deposit approximately ₹94,000 every month. However, you can choose to deposit monthly, quarterly, semi-annually, or annually, depending on your convenience.

The minimum age limit for the policy is 18 years, while the maximum age limit depends on the policy term:
Maximum age for a 14-year policy – ​​55 years
For a 16-year policy – ​​51 years
For an 18-year policy – ​​48 years
For a 20-year policy – ​​45 years

Money-Back Benefits
The Jeevan Shiromani plan is a money-back policy, meaning you receive a partial refund from time to time.

A 14-year policy offers 30%–30% of the sum assured in the 10th and 12th years.
A 16-year policy offers 35%–35% of the sum assured in the 12th and 14th years.
An 18-year policy offers 40%–40% of the sum assured in the 14th and 16th years.
A 20-year policy offers 45%–45% of the sum assured in the 16th and 18th years.

Upon completion of the policy term, the remaining amount and bonus are paid in a lump sum. This policy offers investment, protection, and returns.

Loan Facility and Death Benefit
If you have paid at least one year's premium on this policy, you can avail of a loan. This loan is provided based on the policy's surrender value, and the interest rate varies from time to time.

If the policyholder is diagnosed with a critical illness, they receive a lump sum payment of 10% of the sum assured. If they die during the policy term, the sum assured and bonuses are paid to the nominee.

Why is this policy special?
Premiums are paid in just 4 years, but the policyholder receives long-term protection.
Starts from ₹1 crore, with no upper limit.
Non-linked scheme, meaning it's protected from market downturns.
Tax benefits under sections 80C and 10(10D).
Loan facility and critical illness coverage.

Conclusion
The LIC Jeevan Shiromani policy is an excellent option for those seeking a safe investment with high income. It offers low risk, fixed returns, and assured life cover. This plan not only secures your future but also maintains liquidity through periodic money-back benefits.

So if you want a guaranteed and secure income source* for your family, this policy can prove to be a smart and premium investment choice for you. For more details, visit: [https://licindia.in](https://licindia.in)

Disclaimer: This content has been sourced and edited from Dainik Jagran. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.