Jeevan Pramukh:

Jeevan Pramukh is one of LIC’s High Worth Individual Plans.  It offers high level of insurance security for the rich and well-to-do people. This plan offers life cover even after the duration of payment of premiums are over.

This policy also offers guaranteed additions to the sum assured at the time of maturity.

This a business related plan and the life insured will receive reversionary bonuses with the profits of the market.  They are part of the benefits enjoyed in this plan.  

You will receive the following benefits if you buy LIC’s Jeevan Pramukh:
This plan provides the death benefit which states that if the life insured dies during the policy term, the beneficiary will receive the sum assured and also the guaranteed benefits and special bonuses as well as the terminal bonus that are applicable.

At the time of maturity, the life insured will receive the sum assured as well as the special bonuses and the terminal bonus, if any, during the policy term.

Surrender of your policy is permitted if you wish to do so after you have completed three full policy years.  You are eligible to receive the guaranteed surrender value only and no additional bonuses.

If one pays premiums either in monthly, quarterly, half yearly or annually on a regular base without faulty payments loans are given against the policy amount.

This can be repaid in small instalments together with the premium payments.  This is very beneficial for salaried people who will have some expense all the time that can’t be met with the salary.

LIC’s Jeevan Pramukh is a policy which secures your life as well as your family against death by providing superior financial security so that your financial obligations can be taken off without any problems.

After you have bought yourself a Jeevan Pramukh policy, you can spend the rest of your life with a peaceful mind knowing that in any circumstance, you do not have to worry about your family as you are financially secure.