LIC’S Jeevan Aastha (PLAN No. 195) Fixed Deposit Plan:
launched on 8st Dec 2008, Its LIC’s Unique plan with Single premium for term of 5 year and 10 years. On maturity the Maturity Sum Assured (MSA) along with Guaranteed Addition and Loyalty Addition (If Any) shall be payable.
Eligibility Conditions and Restrictions
a) Minimum age at entry : 13 years completed.
b) Maximum age at entry : 60 years nearest birthday
c) Minimum Sum Assured : Rs.150,000/-
d) Maximum Sum Assured : No Limit
The Sum Assured shall be in multiples of Rs. 30,000
e) Policy Term : 5 & 10 years
a) Death Benefit:
On death during the first policy year: Basic Sum Assured with Guaranteed Addition.
On death during the policy term after first policy year, excluding last policy year:
1/3rd of Basic Sum Assured with Guaranteed Addition.
On death during last policy year: 1/3rd of Basic Sum Assured with Guaranteed
Addition along with loyalty addition, if any.
b) Maturity Benefit:
On maturity, the Maturity Sum Assured along with Guaranteed Addition and
Loyalty Addition, if any, shall be payable.
Maturity Sum Assured shall be 1/6th of Basic Sum Assured.