LIC Plan 947endowment
Jeevan Shiromani (Table 947) (V2)
This plan is no longer available for new policies. Existing policyholders continue to be serviced.
Plan Name
Product Summary
Premium Payment Mode
Term/premium paying term
14/10, 16/12, 18/14 AND 20/16 years
Minimum Age at Entry
Maximum Age at Entry
Maximum Maturity Age
Minimum Sum Assured
Maximum Sum Assured
Guaranteed Additions
Rs 50 per 1000 Sum Assured for first 5 years. Rs 55 per 1000 Sum Assured for remaining premium paying term.
Survival Benefits
For 14 year policy: 30% of Basic Sum assured in 10th and 12th year. For 16 year policy: 35% of Basic Sum assured in 12th and 14th year. For 18 year policy: 40% of Basic Sum assured in 14th and 16th year. For 20 year policy: 45% of Basic Sum assured in 16th and 18th year.
On Death
On Survival
Surrender Value
Income Tax Benefit
Proposal Form
Form No 300 for major lives and Form No 360 for minor lives.