LIC Jeevan Shiromani Plan: Pay Premiums for Just 4 Years and Secure ₹1 Crore – Know Full Details

In a move that offers both financial security and wealth creation, the Life Insurance Corporation of India (LIC) has introduced its premium investment-cum-insurance policy — Jeevan Shiromani. This plan is tailored for high-income individuals looking for a secure long-term investment with assured returns and life cover.

✅ Highlights of LIC Jeevan Shiromani Policy

LIC’s Jeevan Shiromani is a non-linked, with-profit, money-back plan, offering a minimum assured sum of ₹1 crore, with no upper limit. Policyholders need to pay premiums for only 4 years, making it a limited premium payment policy with long-term benefits.

This scheme is especially ideal for those who want to grow their capital safely while also ensuring financial protection for their families.

💡 Key Features at a Glance

• Minimum Sum Assured: ₹1 Crore

• Maximum Sum Assured: No Limit

• Premium Payment Term: Only 4 Years

• Policy Term Options: 14, 16, 18, and 20 Years

• Entry Age: Minimum 18 Years

• Maximum Age: Varies based on policy term

  • 14 years: up to 55 years

  • 16 years: up to 51 years

  • 18 years: up to 48 years

  • 20 years: up to 45 years

💸 How Much Premium Do You Pay?

If you’re targeting a sum assured of ₹1 crore, you may need to invest approximately ₹94,000 per month for four years. However, LIC provides flexibility in premium payments — monthly, quarterly, half-yearly, or annually — based on your preference.

🔁 Money-Back Benefits Over Time

This policy acts like a money-back plan, where periodic payouts are made during the term, and the remaining sum is paid on maturity:

• 14-Year Policy: 30% of the sum assured in the 10th & 12th year

• 16-Year Policy: 35% in the 12th & 14th year

• 18-Year Policy: 40% in the 14th & 16th year

• 20-Year Policy: 45% in the 16th & 18th year

• The balance amount is paid at maturity along with bonuses.

🏥 Critical Illness & Loan Facilities

The Jeevan Shiromani policy comes with in-built critical illness coverage. If diagnosed with a listed severe illness, 10% of the sum assured is paid immediately. Additionally, loans can be availed after 1 year, provided premiums are up to date. The loan amount depends on the policy's surrender value, and interest rates are decided by LIC from time to time.

⚰️ Death Benefit

In the unfortunate event of the policyholder's demise during the term, the nominee receives the sum assured along with bonuses, making it a robust protection tool for families.

🌐 How to Get More Information?

For more detailed terms, conditions, and to calculate premium according to your age and plan tenure, visit LIC’s official website:
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