LIC Jeevan Shree: Potential for Higher Returns..!
LIC
Jeevan Shree is an endowment assurance plan designed for high-net-worth
individuals, combining life insurance coverage with guaranteed returns. It
offers a combination of life cover and savings, providing financial protection
against death and maturity benefits upon survival.
Here's a
more detailed explanation:
Key
Features:
- Endowment Plan:
Jeevan Shree is an endowment plan, meaning it
combines life insurance coverage with a savings component.
Target
Audience:
It's
specifically aimed at high-net-worth individuals (HNIs) such as professionals,
business partners, estate owners, and self-employed individuals, who may need
significant life cover.
Guaranteed
Additions:
The plan
includes guaranteed additions, providing a fixed amount added to the sum
assured for the initial years of the policy (e.g., the first 5 years).
Loyalty
Additions:
In
addition to guaranteed additions, the plan may also offer loyalty additions,
which are variable and depend on the policy's performance.
Flexible
Premium Payment Terms:
The plan
allows for flexibility in premium payment terms, with options to choose a
premium paying term that is shorter than the overall policy term.
Optional
Riders:
Jeevan
Shree may offer optional riders like Double Accident Benefit (DAB) and Term
Assurance, allowing for increased coverage.
Benefits:
- Financial Protection:
The plan provides financial security to the
policyholder's family in the event of death during the policy term.
Maturity Benefits:
On
survival until the end of the policy term, the policyholder receives the sum
assured, along with guaranteed and loyalty additions (if any).
Tax
Benefits:
Premiums
paid under the policy may be eligible for tax deductions under Section 80C of
the Income Tax Act.
Potential
for Higher Returns:
The
plan's inclusion of guaranteed and loyalty additions, along with bonuses (if
applicable), can lead to potentially higher returns compared to some other
traditional life insurance plans.
In
essence, Jeevan Shree is designed to provide a comprehensive financial solution
for high-net-worth individuals, offering both life cover and potential for
savings and returns.
For
more details & Investments contact..!
Mr. R.
Venkatesh, Founder,
GuruRam
Financial Services Pvt. Ltd.
New No. 14, Old No. 37C, First Floor
Nathamuni Street, T Nagar, Chennai -600017
Tel. +91-9677267889, 9677025125
Email: gururamforyou@gmail.com
https://www.gururamfinancialservices.com/index.php
Read articles written by Mr. R.
Venkatesh in Nanayam Vikatan, Aval Vikatan and Vikatan.com a leading
personal finance magazine
https://www.vikatan.com/author/aar-vengktteess
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme
related documents carefully. The past performance of the mutual funds is not necessarily
indicative of future performance of the schemes.
