Jeevan Shagun

  • Jeevan Shagun is a non-linked, with profit, single premium, money back type of plan
  • High level of Death Cover during the Policy term
  • A Maturity Sum Assured along with Loyalty Addition
  • It is close ended plan, for a maximum period of 90 days

  • Benefits :
    • Death Benefit :
      • On death during first five policy years:
        Basic Sum Assured i.e. 10 times the Tabular Single Premium shall be payable
      • On death during the policy term after completion of five policy years:
        Basic Sum Assured i.e. 10 times the Tabular Single Premium along with Loyalty Addition, if any, shall be payable

  • Survival Benefit :
    On the Life Assured surviving to the end of specified duration,
    • At the end of 10th policy year: 15% of the Maturity Sum Assured
    • At the end of 11th policy year: 20% of the Maturity Sum Assured
  • Maturity :
    On the Life Assured surviving to the end of term, 65% of the Maturity Sum Assured along with Loyalty Addition, if any, shall be payable
  • Loyalty Addition :
    The Loyalty Addition, if any, shall be payable at such rate & on such terms as may be declared by the Corporation, On death or surrender, provided the policy has run for at least five policy years or on policyholder surviving to the maturity.



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