###_LIC's JEEVAN NIDHI (Pension) plan_Benefits......

Guaranteed Additions during the first five years:

• The policy provides for the Guaranteed Additions at the rate of Rs.50/- per thousand Sum Assured during first five years of the policy.
• The Guaranteed Additions are payable along with the basic Sum Assured on vesting or on earlier death.

Bonuses after the first 5 years:

• This is a with-profit plan and participates in the profits of the Corporation’s life insurance business after 5 years. It gets a share of the profits in the form of bonuses.
• Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year.
• Once declared, they form part of the guaranteed benefits of the plan. A Final (Additional) Bonus may also be payable provided a policy has run for certain minimum period.

Death Benefit:

• The Sum Assured along with accrued guaranteed additions and vested simple reversionary bonuses and Final (Additional) Bonus, if any, is payable in a lump sum on death of the life assured during the deferment period of the policy.
  

Benefit on vesting:

• On the date of vesting you can encash up to a maximum of 1/3rd of the amount consisting of the Sum Assured along with accrued guaranteed additions, vested simple reversionary bonuses and Final (Additional) Bonus, if any as a tax-free lump sum. The balance amount shall be compulsorily converted into an annuity at the option and the rates applicable at the time of vesting of the annuity.
  

Supplementary/Extra Benefits:

• These are the optional benefits that can be added to your basic plan for extra protection/option. An additional premium is required to be paid for these benefits.