Lic Jeevan Nidhi Plan

It is a with profits Deferred Annuity (Pension) plan. On survival of the policyholder beyond term of the policy the accumulated amount (i.e. Sum Assured + Guaranteed Additions + Bonuses) is used to generate a pension (annuity) for the policyholder. The plan also provides a risk cover during the deferment period. The USP of the plan being the pension can commence at 40 years.

Eligibility

For Basic Benefit
a) Minimum entry age: 18 years (completed)
b) Maximum entry age: 65 years
c) Minimum vesting age: 40 years
d) Maximum vesting age: 75 years
e) Policy terms: 6 to 35 years under Single Premium policies and 5 to 35 years under Regular Premium policies