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Of the many efficient plans of LIC, the Jeevan Shikhar Plan stands out in terms of benefits and simplicity of terms. The endowment plan was initially launched as a close-ended plan which was only available 120 days after the release date, but the terms are revised now. The programs offer you a great cover provided you are ready to take the associated risk, which is 10 times the usual tabular single premium.
The plan can be termed as a saving cum protection single premium plan which is non-linked and participating. The person availing the plan is offered a choice to choose the desired maturity sum assured, the premium thus varies and depends on the maturity sum assured chosen. However, there is a minimum amount cap that is Rs. 100,00.
Any person between the ages of 6-45 can avail of this program. The program has provision for liquidity and the insured person can avail a loan on the deposit. The term period of the plan would be 15 years the maturity sum assured will be in the form of multiples of Rs. 20,000.
LIC Aadhaar Stambh Plan offers you a range of benefits including:
Minimum Age - 6 years Maximum Age - 45 years
Maximum Maturity Age - NA
15 years
Single Premium
Annual, half-yearly, quarterly & monthly
Rs 1 lakh to No limit
Let's understand how the LIC Jeevan Shikhar Plan works with a simple premium illustration.
Mr. Verma is looking for a life plan for a plan for him that offers him death benefits along with maturity benefits.
His financial advisor advised him to buy the LIC Jeevan Shikhar Plan. He visited PolicyX.com
Let's understand how the LIC Jeevan Shikhar Plan works for him with a premium illustration table.
| Age of policyholder | Policy Term | Basic sum assured | Annual Premiums |
| 30 years | 10 years | Rs 1 lakh | Rs 42,580 |
Here are some features of LIC Jeevan Shikhar:
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Here is the list of documents required to buy the LIC Jeevan Shikhar Plan:
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
You can buy the LIC Jeevan Shikhar official website or one of their nearest branch offices.
Visit the official website of PolicyX.com.
Click on the ‘Investment’ tab.
A new page will appear on the screen.
Fill out the form at the top of the page with the necessary details.
Select your income and city. Click on 'Proceed'.
Update your education and occupation details.
Choose your preferred plan and click on 'Buy this plan'.
Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
Visit the official website of Life Insurance Corporation of India.
Hover over the 'Wealth Creation'.
Click on the 'LIC Jeevan Shikhar'.
Click on ‘Buy Online’ and you will be redirected to a new page.
Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.
Once discussed you can make the premium payment and get the policy documents.
You can buy the LIC Jeevan Shikhar Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.
Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.
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Naval Goel is the Founder and CEO of PolicyX.com (IRDA- Approved Insurance Comparison Website). He is a CFA charter holder (USA) and FRM (GARP). He holds an MBA from IIFT, Delhi, and is also an Associate from the Insurance Institute of India. Naval is an avid investor and entrepreneur who has a deep understanding of the Indian equity market and insurance sector. He has been investing for more than 10 years now and is a CFA charter holder.
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