LIC Jeevan Shiromani Policy 2025: A High-Value Investment and Insurance Plan Better The FD's and RD's

The LIC Jeevan Shiromani Policy 2025 is a premium savings and insurance plan offered by Life Insurance Corporation of India (LIC). Designed for high-income individuals, this non-linked plan combines life cover, guaranteed money-back benefits, and tax advantages, making it an attractive alternative to traditional investment options like Fixed Deposits (FDs) and Recurring Deposits (RDs).

Overview of LIC Jeevan Shiromani Policy 2025

This policy is tailored for those seeking financial security with substantial returns. The minimum sum assured starts from ₹1 crore, and the premium payment period is just 4 years, while life coverage continues for the entire policy term. The policy offers flexible terms of 14, 16, 18, or 20 years, along with guaranteed money-back benefits at specified intervals.

Key Features

• Minimum sum assured: ₹1 crore.
• Short premium payment term of 4 years.
• Policy term options: 14, 16, 18, or 20 years.
• Money-back benefits during the policy term.
• Life cover continues throughout the policy term.
• Immediate payout of 10% of sum assured in case of critical illness.
• Loan facility available against policy surrender value.
• Tax benefits under Section 80C and 10(10D) of the Income Tax Act.

How it Compares to FD/RD

Unlike FDs or RDs, which provide fixed interest but no life cover, LIC Jeevan Shiromani ensures both financial growth and life protection. In addition to guaranteed returns, policyholders receive periodic money-back installments, offering liquidity that traditional banking instruments cannot provide.

Money-Back Schedule

The policy offers money-back benefits at intervals based on the policy term:

The remaining sum assured and accrued bonuses are paid at maturity.

Death and Critical Illness Benefits

In the event of the policyholder’s death, the nominee receives the sum assured along with bonuses. If the policyholder suffers from a critical illness, 10% of the sum assured is paid immediately to provide financial support.

Premium Payment Options

Premiums can be paid monthly, quarterly, half-yearly, or yearly. After the 4-year premium period, guaranteed benefits continue for the entire policy term, offering both security and liquidity through money-back installments.

Tax Advantages

Premiums paid qualify for tax deductions under Section 80C, while maturity proceeds including bonuses are exempt under Section 10(10D).

Who Should Consider LIC Jeevan Shiromani Policy 2025?

This policy is ideal for:

• Individuals seeking long-term investment with guaranteed returns.
• High-income earners looking for both life cover and financial growth.
• Those seeking tax benefits along with money-back options.
• Investors looking for better alternatives to FD or RD.

How to Apply

Applicants can apply online or offline:

• Online: Visit the official LIC website: licindia.in and complete the application form.
• Offline: Visit any LIC branch or authorized agent for guidance and submission of documents.

Important Links

• Official LIC Website: https://licindia.in/
• Apply Online: Click Here