Jeevan Shree:

Jeevan Shree is one of LIC’s plans for high worth individuals that provides good financial security and the privilege of being able to choose any premium paying term according to your suitability.

You are permitted to pay your premiums monthly, quarterly, half yearly, or annually, or you can permit for it to be reduced from your salary.  You can also pay a single one-time payment premium.

Since this a business related plan, the life insured will be given simple reversionary bonuses coinciding with the profits made in the market.  These bonuses become a part of the benefits enjoyed in this plan.

You will receive the following benefits if you buy LIC’s Jeevan Shree:
This plan provides the death benefit which states that if the life insured dies, the beneficiary will sum assured as well as he will receive all the bonuses during the policy term.

At the time of maturity, the life insured will receive the sum assured as well as he will receive as a lump amount of all the bonuses that are applicable to him during the policy term.

This plan also has supplementary benefits for which you have to pay additional premiums.  You will receive additional protection and benefits by opting for these supplementary benefits.

You are permitted to surrender your policy if you wish to do so after you have completed three full policy years.  On doing so you are eligible to receive the guaranteed surrender value.

This plan provides guaranteed additions for the first five years of the policy term.  You are eligible to receive for every thousand rupees a sum of rupees fifty of the sum assured amount.  You will be provided with these guaranteed additions at the time of maturity.

LIC’s Jeevan Shree 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 care of without any problems.

If you happen to buy yourself a Jeevan Shree 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.