LIC Nav Jeevan Shree Plan 911 & 912 – Full Details, Benefits, Comparison & Examples
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This incentive is provided in the form of an increase in the Rate of Guaranteed Additions. It is applicable to different categories of existing policyholders, including the nominee or beneficiary of a deceased policyholder, for the Base Plan (under both Option-I and Option-II).
The eligible categories are as follows:
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An existing policyholder who has a policy with the Corporation that matured within one year prior to registering a new proposal under this product, and who purchases this plan either on his/her own life or on the life of any of the family members*.
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The nominee/beneficiary of a deceased policyholder of the Corporation, where the date of death is within one year prior to registering a new proposal under this product.
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An existing policyholder having an in-force policy with the Corporation.
(*Family members include Grandparents, Parents, Spouse, Children, or Grandchildren.)
The incentives in terms of Guaranteed Additions, expressed as a percentage of Total Tabular Annual Premium in respect of premiums paid, are as follows:
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