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Home » Lic Endowment plans » LIC Jeevan Shikhar Plan 837 | Review, Maturity, Death Benefits

LIC Jeevan Shikhar Plan 837 | Review, Maturity, Death Benefits

April 1, 2016 By onlinelic

Contents

  • 1 LIC Jeevan Shikhar Plan 837 Review
  • 2 Lic New Jeevan Shikhar Plan 837 Eligibility Conditions
  • 3 Lic Jeevan Shikhar Endowment Plan 837 Benefits
    • 3.1 Maturity Benefits:
    • 3.2 Death Benefits:
      • 3.2.1 On Death during the first 5 years of the policy
      • 3.2.2 On Death After first 5 years of the Policy but before the Maturity Date
    • 3.3 Loyalty Addition:
  • 4 Jeevan Shikhar Lic Plan 837 Policy Rebates
    • 4.1 High Basic Sum Assured Rebate
    • 4.2 Corporate Employee’s Insurance Scheme (CEIS) Rebate
  • 5  LIC New Plan – Jeevan Shikhar 837 Policy Buying Procedure
  • 6 Claim Procedure of LIC Jeevan Shikar Plan
  • 7 LIC Jeevan Shikhar Plan 837 Premium Calculator
  • 8 Jeevan Shikhar Plan Lic Maturity Calculator
  • 9 Additional Information of LIC Jeevan Shikhar 837 Plan
    • 9.1 Loan facility
    • 9.2 Surrender Value
    • 9.3 Date of Vesting
    • 9.4 Free Look Period
    • 9.5 Suicide clause
    • 9.6 Taxes

LIC Jeevan Shikhar Plan 837 Review

LIC Jeevan Shikhar Plan 837 is a new Endowment Plan introduced by Life Insurance Corporation of India. This Jeevan Shikhar Plan will start working from 11th January 2016. A Unique Identification Number is given for LIC’s Jeevan Shikhar Plan that is 512N305V01. The policyholder has to quote the UIN no. in all relevant documents that are required to buy the policy. LIC Jeevan Shikhar 837 plan is a Non-Linked, with Profit, Saving cum Protection Single Premium Endowment Assurance plan. The Insured can avail a Death Benefit of ‘Sum Assured equal to 10 times‘ the Tabular Single Premium, which is payable after the commencement of the risk. LIC Endowment plan is a close ended Plan, which will be open for 120 days from the date of launch. So, those who are Interested in LIC Jeevan Shikhar Policy may hurry up to buy this plan as it will be opened for Limited Period of 120 days.

Lic New Jeevan Shikhar Plan 837 provides Death Benefit by the payment of additional premium. Under LIC Jeevan Shikhar Plan 837 the insured can avail Maturity Sum Assured along with Loyalty Addition if any shall be payable. New Jeevan Shikhar Plan also takes care of Liquidity needs through its loan facility. This plan offers a combination of protection and saving features. You can use LIC Jeevan Shikhar Plan 837 Calculator to calculate Premiums and Benefits. We provide Lic Jeevan Shikhar Plan Maturity Calculator and Premium Calculator to calculate Maturity benefits and Death benefits. Refer Lic Jeevan Shikhar plan 837 premium chart and Lic Jeevan Shikhar Premium calculator before buying this plan.

Lic New Jeevan Shikhar Plan 837 Eligibility Conditions

Eligibility Conditions for basic plan are,

Entry Age:
  • Minimum: 6 years (completed).
  • Maximum: 45 years (nearer birthday).
Minimum Maturity Sum Assured:
  • Rs. 100,000/-.
Maximum Maturity Sum Assured:
  • No Limit.
Policy term:
  • 15 years.
Premium Payment Mode:
  • Single Premium.
Maturity Sum Assured: 
  • Multiple of Rs. 20,000/-.
Documents required for a new policy:
  • Application form/Proposal form along with a photo.
  • Address proof.
  • Age proof.
  • Medical reports (if required).

Lic Jeevan Shikhar Endowment Plan 837 Benefits

Maturity Benefits:

On survival of the Life Assured to the end of policy term,

Maturity benefit (Benefits payable on maturity) = Maturity Sum Assured + Loyalty  Additions if any.

Death Benefits:

Two types of Death Benefits are covered in this New Jeevan Shikhar 837 Plan.

  • On Death during the first 5 years of the policy

    • Before the date of Commencement of Risk: Single Premium without interest will be refunded to the nominee in the case of Life Assured dies before the date of commencement of the risk.
    • After the date of Commencement of Risk: A Death Benefit of Sum Assured equal to 10 times the Tabular Single Premium is payable in a case of Life Assured dies after the date of commencement of the risk.
  • On Death After first 5 years of the Policy but before the Maturity Date

Sum Assured equal to 10 times the Tabular Single Premium along with Loyalty Additions, if any, is payable in a to the nominee in a case of the Life assured dies after first five years of the policy.

Loyalty Addition:

Under this plan, the policyholder will be eligible for a share in surplus (profits) in the form of Loyalty Addition. The Loyalty Addition, if any, will be payable on death or surrender. It is provided the policy has run for at least five policy years or on policyholder surviving to the maturity.

Jeevan Shikhar Lic Plan 837 Policy Rebates

The rebates for the basic Lic Jeevan Shikhar Plan are given below.

  • High Maturity Sum Assured Rebate.
  • Corporate Employee’s Insurance Scheme (CEIS) Rebate.

High Basic Sum Assured Rebate

Maturity Sum assured

Reduction in Tabular Premium as per

Rs.1000 M.S.A 

Below Rs. 2,00,000/- NIL.
Rs. 2,00,000/- to Rs. 4,80,000/- Rs. 15.00/-
Rs. 5,00,000/- to Rs. 9,80,000/- Rs. 20.00/-
Rs. 10,00,000/- and above Rs. 25.00/-

Corporate Employee’s Insurance Scheme (CEIS) Rebate

The Assured will be eligible for Corporate Employee’s Insurance Scheme (CEIS) Rebate of 2% of the Tabular Single Premium.

 LIC New Plan – Jeevan Shikhar 837 Policy Buying Procedure

These are the Required documents to buy LIC Jeevan Shikhar Policy.

  • Application form/ Proposal form No. 300, 340 and 360 issued bu U & R Department along with a photo.
  • Address proof.
  • Age proof.
  • Medical reports(if required).

Claim Procedure of LIC Jeevan Shikar Plan

The documents that are needed for claim procedure under Lic Jeevan Shikhar 837 Policy are given below.

  • Original Policy Document
  • NEFT Mandate Form.
  • Proof of Title.
  • Death Certificate.
  • Accident/ Disability Proof (as mentioned in the rider circular).
  • School/ College/ employer’s certificate.
  • If age is not admitted under the policy, the proof of age of the Life Assured shall also be submitted.

LIC Jeevan Shikhar Plan 837 Premium Calculator

Here we are providing the required data for calculating the premium rates in LIC Jeevan Shikhar  Policy using LIC Jeevan Shikhar 837 premium and maturity calculator. To calculate Premium Online, the Insured have to enter the following details mentioned below.

  • Name.
  • Email Id.
  • Mobile.
  • Age.
  • Term.
  • Sum Assured.

After entering all the above details, you can easily calculate the premium for LIC Jeevan Shikhar Plan 837.

Jeevan Shikhar Plan Lic Maturity Calculator

Lic Jeevan Shikhar 837 Plan Maturity Calculator helps you to calculate the maturity value or maturity amount. Maturity amount is the amount that is payable to the policyholder during the maturity time. You can calculate the Maturity benefits using LIC Jeevan Shikhar Plan Maturity calculator. Maturity value is calculated based on the Sum Assured plus Loyalty benefits. Jeevan Shikhar LIC Plan Maturity Calculator provides maturity amount based on Policy term, Age of the LIC Policyholder, Sum Assured, Policy name, etc. You need to provide these details along with Mobile number, Name, Email ID to calculate the maturity value. But you will receive approximate or nearby maturity amount in this LIC Jeevan Shikhar Plan Maturity Calculator.

Additional Information of LIC Jeevan Shikhar 837 Plan

Loan facility

Loan facility is available under this plan, after payment of premiums for at least 3 full years subject to the policy conditions.

Surrender Value

LIC Jeevan Shikhar 837 policy can be surrendered at any time during the policy term. The surrender options are given below.

  • Guaranteed surrender value.
  • Special surrender value.

Date of Vesting

It is applicable only if the age of the Assured is below 18 years on the date of commencement of the policy.

Free Look Period

If the Insured is not satisfied with the terms and conditions in the policy, he will be provided with a free look period of 15 days. The Policyholder have to state the reasons and should submit the policy to the Life Insurance Corporation of India with the given free look period.

Suicide clause

If the life assured commits suicide before 12 months from the date of commencement of risk, he/she would be returned with 90% of premiums paid excluding any taxes and extra premium, if any.

Taxes

Taxes, if any, shall be as per the Tax laws and the rate of tax as applicable from time to time.

 

Filed Under: Lic Endowment plans Tagged With: www licindia in

Comments

  1. Dr. Anilkumar mg says

    January 8, 2016 at 10:48 am

    Not able to calculate premium

    Reply
  2. Deepti Mongia says

    January 9, 2016 at 4:11 am

    Please confirm the details for the sum assured in case of maturity and premium amount for the girl aged 18 years.

    Reply
  3. K..VENKATESWARLU says

    January 9, 2016 at 11:27 am

    very good policy

    Reply
  4. amit chandra says

    January 10, 2016 at 7:16 am

    this policy is refund after death of policyholder

    Reply
  5. Geetanjali Devi says

    January 11, 2016 at 2:25 am

    My name is Geetanjali Devi, My Age is 38 years . Sum assured for Rs.100000/- and Rs.200000/- Term 10 Years and 15 years. Kindly intimate the calculation sheet of benifits of LIC Jeevan Sekhar 837 plan.

    Reply
  6. sunil gupta says

    January 11, 2016 at 3:22 am

    100000/- JMA karane pe 15 years bad about kitani rs. Milege.

    Reply
  7. sanjay Mehta says

    January 11, 2016 at 3:26 am

    I want minimum 1 crore after 15 years
    How much should i invest as one time premium in jeevan shikhar lic policy.

    Reply
  8. manoj says

    January 11, 2016 at 3:44 am

    My age is 44 and I wish to take this policy of rd.2 lakhs how much I will get after maturity 15 years and in case of death what will be the amount.

    Reply
  9. Sachin says

    January 11, 2016 at 10:41 am

    I m intrested

    Reply
  10. GAUTAM UDUPA says

    January 11, 2016 at 12:00 pm

    Name.: GAUTAM UDUPA
    Email Id. gtmudupa@gmail.com
    Mobile. 9099901538
    Age. 28
    Term. 15 years
    Sum Assured.:60 lakhs

    Reply
  11. manoj says

    January 11, 2016 at 12:03 pm

    i think best plan for us….

    Reply
  12. Purnima says

    January 11, 2016 at 12:07 pm

    Please provide premium for Sum assured 1-crore.

    Purnima Sarath, PS71526@yahoo.com, mobile # +919744358480, Age 44 (DOB 26-5-1971), Term 15 years, Sum assured 1-Crore.

    Reply
  13. Neeraj Goyal says

    January 11, 2016 at 12:26 pm

    LIC Jeevan Shikhar 837 Plan

    Reply
  14. Neeraj Goyal says

    January 11, 2016 at 12:27 pm

    Iam Iterested in

    Reply
  15. bhausaheb says

    January 11, 2016 at 2:50 pm

    i have this plane

    Reply
  16. rakesh joshi says

    January 11, 2016 at 4:11 pm

    Need to know premium

    Reply
  17. puneet garg says

    January 11, 2016 at 5:48 pm

    pls tell maturity amount if i pay one lakh rs,my age is 35 as of now

    Reply
  18. S.AZEEM BASHA says

    January 11, 2016 at 5:58 pm

    i am interested about this policy.

    Reply
  19. Sheik Ansar says

    January 11, 2016 at 7:19 pm

    does this plan apply for NRIs ?

    Reply
  20. m v chary says

    January 12, 2016 at 12:18 am

    i want to purchase a policy for my daughter who is working in novartis india and pay rs 50000 as single premium

    Reply
  21. anandngosavi says

    January 12, 2016 at 7:25 am

    Please send me LIC Jeevan Shikhar Plan Maturity calculator.

    Reply
  22. vikas aggarwal says

    January 12, 2016 at 8:13 am

    Hi, I am vikas , please guide this policy and my contact no is 9810883722

    Reply
  23. Biru Ranjan Nath says

    January 12, 2016 at 2:26 pm

    premium of sa 20000 of age 42

    Reply
  24. santosh kumar giri says

    January 12, 2016 at 2:58 pm

    maturity SA caculation

    Reply
  25. Tasarup Ali says

    January 12, 2016 at 4:08 pm

    no doubt a good policy .I prefer it

    Reply
  26. kmallareddy says

    January 13, 2016 at 11:04 am

    25 yr maturity sum assured 5,00,000 after maturity which amount have……

    Reply
  27. Kruti says

    January 13, 2016 at 4:41 pm

    Maturity value after 15 yrs if premium paid is 10,000 or 20,000

    Reply
  28. Jitendra says

    January 15, 2016 at 7:32 am

    Minimum Amount

    Reply
  29. B GPPAL RAO says

    January 16, 2016 at 11:23 am

    the amount received on maturity is taxable or tax free?

    Reply
  30. akundi venu gopal sarma says

    January 17, 2016 at 7:08 am

    I want take a policy for my son-in-law who is working at Hyderabad. his age is 33 years. please inform if he does a policy for 1,00,000, then what are the benifits .

    Reply
  31. महेन्द्र दुपारे says

    January 18, 2016 at 4:44 pm

    best plan
    खुब बिकेगा

    Reply
  32. surinder gujral says

    January 21, 2016 at 11:39 am

    aa

    Reply
  33. v anandarao says

    January 25, 2016 at 6:37 am

    iam a policy holder of lic bearing no 802533683,805306712

    Reply
    • v anandarao says

      January 25, 2016 at 6:40 am

      And I would liketo know more about jeevam sikharwith regard to premium

      Reply
  34. milind jadhav says

    January 29, 2016 at 2:27 am

    When will we take loan from this policy?

    Reply
  35. deepak gandhi says

    January 30, 2016 at 11:47 am

    837 mediclam plan dob 13-2-1975 normal

    Reply
  36. Shesh nath seth says

    January 31, 2016 at 1:06 pm

    How many times risk cover.

    Reply
  37. Mahesh says

    February 1, 2016 at 2:54 am

    Good plane of this year

    Reply
  38. Pran kishan says

    February 3, 2016 at 2:26 pm

    DOES THE PREMIUM PAID UNDER ‘SHIKHAR’ QUALIFIES FOR 80C INCOME TAX BENEFIT

    Reply
  39. SANJAY VERMA says

    February 4, 2016 at 7:23 am

    837 calculater

    Reply
    • SANJAY VERMA says

      February 4, 2016 at 7:33 am

      Jeevan Shikhar Plan Lic Maturity Calculator

      Reply
  40. mahesh says

    February 5, 2016 at 11:21 am

    Plz suggest easy way calculation
    For suppose 100000/- investment
    After machurity how mush
    Amt will get
    In case between death
    How mush Will get

    Reply
  41. saurav says

    February 10, 2016 at 3:48 am

    help me out for the exact value receive on maturity

    Reply
  42. Nilendu kumar says

    February 21, 2016 at 3:32 pm

    pls reaply I diposit 1lux rupees a singal primiam . Our mechurity is what after 15 year.

    Reply
  43. charley vs says

    February 22, 2016 at 5:21 am

    837premium calculator

    Reply
  44. niraj kumar jha says

    February 22, 2016 at 12:41 pm

    your risk is covered after 5 years. it is too long period for life. one year is enough period for risk.

    Reply
  45. v.k. manoharan says

    February 23, 2016 at 1:20 am

    for one lakh how much i get at the end of the fifteenth year

    Reply
  46. ALEXANDER.P says

    February 28, 2016 at 1:25 pm

    Nice policy.

    Reply
  47. Ashish amge says

    March 2, 2016 at 1:46 pm

    Can u give all detail in hindi so that I can share same with my family
    Pls send on my mention id

    Reply
  48. o p yadav says

    March 7, 2016 at 2:21 pm

    sir lone facility availabal after 3 month not after 3 yrs.

    Reply
  49. M K Agarwal says

    March 7, 2016 at 2:47 pm

    can i buy Jeevan Sikhar online?? if yes, how

    Reply
  50. Nidhi says

    March 10, 2016 at 11:27 am

    In Plan 837, the policy can be surrendered during the policy period and options are (a) Guaranteed surrender value &
    (b) Special surrender value.
    What is Guaranteed Surrender Value ?
    When special surrender value can be opted ?

    Reply
  51. faisal says

    March 14, 2016 at 9:38 am

    I need a policy of jeevan shikhar

    Reply
  52. m abid says

    March 18, 2016 at 11:56 am

    If I m investing 1 lakh. After 15 yrs. How amt I ‘ll be get. And how much would be risk cover.

    Reply
  53. Shravan Malviya says

    March 19, 2016 at 6:05 pm

    What is maturity value of sum assured Rs.100000? What is premium amount of sum Rs.100000?

    Reply
  54. Suresh says

    March 22, 2016 at 3:58 am

    Like

    Reply
  55. Mohammad Nawab Khan says

    March 22, 2016 at 5:07 am

    Dear Sir,

    If i buy LIC jeevan Shikhar Plan of 200000 (two Lacs) rupees, after 15 years completed how much will get back.

    Please explain to me.

    Reply
  56. Narendra Singh says

    March 25, 2016 at 7:15 am

    weather any guaranteed maturity amount is prescribed for the policy JEEVAN SHIKHAR ???
    if yes then what will be maturity amount for 35 years assured person @ premium of Rs. 100000.

    Reply
  57. Nek Ram says

    March 28, 2016 at 12:15 am

    I am 36 years old and my monthly income is 12000 . Need purchase lie jeevan shikhar policy my Mob no is 9258543249

    Reply
  58. jyoti says

    March 28, 2016 at 3:43 pm

    I want to know more about Jeevan Shikhar

    Reply
  59. Siddharth Sethia says

    May 3, 2016 at 2:27 pm

    I am interested. Please call me on 9538969600

    Reply
  60. jaswant singh says

    September 15, 2016 at 12:38 pm

    8year children ke liye yojna ki puri daitel batao

    Reply

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