Sales Broucher

LIC’s Jeevan Vriddhi is a single premium plan wherein the risk cover is a multiple of premium chosen by you. On maturity this plan offers a Guaranteed Maturity Sum Assured and Loyalty Addition, if any.

1. Benefits

i) Death benefit: On death, Basic Sum Assured shall be payable. The Basic Sum Assured shall be 5 times the Single Premium excluding extra premium, if any.

ii) Maturity Benefit: On maturity, the Guaranteed Maturity Sum Assured along with Loyalty Addition, if any, shall be payable.

iii) Loyalty Addition: Depending upon the Corporation�s experience the policy will be eligible for Loyalty Addition on date of maturity at such rate and on such terms as may be declared by the Corporation.


(a) Minimum Entry Age  8 years (completed)
(b)  Maximum Entry Age 50 years (nearest birthday)
(c) Minimum Basic Sum Assured  Rs.150, 000/-
(d)  Maximum Basic Sum Assured  No Limit
(e) Minimum Premium  Rs. 30,000/-
Premium shall be available in multiples of  Rs. 1,000/-.
(f) Policy Term 10 years
(g) Premium payment mode  Single premium only
(h) Guaranteed Maturity Sum Assured The Guaranteed Maturity Sum Assured will depend on the single premium payable and the age at entry of the life to be assured.


Guaranteed Maturity Sum Assured for each age at entry per Rs.1000/- Single Premium (exclusive of Service Tax) is as under:

Age at entry Guaranteed Maturity Sum Assured (Rs.) Age at entry Guaranteed Maturity Sum Assured (Rs.) Age at entry Guaranteed Maturity 
Sum Assured 
8 1984.60 23 1952.65 37 1894.60
9 1982.10 24 1951.85 38 1883.65
10 1979.15 25 1950.95 39 1871.20
11 1975.55 26 1949.90 40 1857.10
12 1972.10 27 1948.55 41 1841.45
13 1968.90 28 1946.85 42 1823.95
14 1966.35 29 1944.55 43 1803.90
15 1964.05 30 1941.60 44 1781.05
16 1961.90 31 1937.70 45 1755.30
17 1960.00 32 1932.80 46 1726.55
18 1958.30 33 1927.00 47 1694.75
19 1956.80 34 1920.40 48 1659.95
20 1955.50 35 1912.85 49 1622.60
21 1954.40 36 1904.30 50 1582.25
22 1953.45

Incentive for higher single premium by way of increase in the Guaranteed Maturity Sum Assured is as under:

(excluding extra premium)
Increase in Guaranteed Maturity Sum Assured
Below Rs.50,000 Nil
Rs.50,000 to Rs. 99,000 1.25%
Rs.1,00,000 and above 3.00%

5. LOAN: 
Loan facility will be available under this plan, after completion of one policy year.

The policy can be surrendered for cash after the policy has run for at least one year. The minimum Guaranteed Surrender Value allowable is equal to 90% of the Single premium paid excluding extra premium, if any.
Corporation may however pay Special Surrender value as applicable on the date of surrender provided the same is higher than the Guaranteed Surrender Value.
The Special Surrender Value will be the discounted value of the Guaranteed Maturity Sum Assured as on date of surrender.

Service tax, if any, shall be as per the Service Tax laws and the rate of service tax as applicable from time to time.
The amount of service tax as per the prevailing rates shall be payable by the policyholder on the premium.

If you are not satisfied with the �Terms and Conditions� of the policy, you may return the policy to the Corporation within 15 days from the date of receipt of the policy stating the reason of objections. On receipt of the same the Corporation shall cancel the policy and return the amount of single premium deposited after deducting the risk premium, expenses incurred on medical examination and stamp duty.

The policy shall be void if the Life Assured (whether sane or insane at the time) commits suicide at any time within one year from the date of commencement of risk and the Corporation will not entertain any claim under this policy except to the extent of a maximum of (i) 90% of the single premium paid excluding any extra premium paid or (ii) third party�s bonafide beneficial interest acquired in the policy for valuable consideration (but limited to applicable death benefit of this policy) of which notice has been given in writing to the branch where the policy is being presently serviced (where the policy records are kept) at least one calendar month prior to death.