lic policy

life insurance of india

Lic New Jeevan Nidhi-818

Lic New Jeevan Nidhi


Lic New Jeevan Nidhi Pension Plan Benefits – 818

Lic New Jeevan Nidhi 812, is a with profits conventional pension policy Combination of security features and saving plan. Lic Jeevan Nidhi Plan provides for death cover during the defer period.The New Jeevan Nidhi Pension Plan the life policy holder to get a good pension monthly after retirement. LIC Jeevan Nidhi Pension Plan ensures that you lead a happy life on your terms even after retirement.

This plan is a financial security your income starts to decrease gradually, you can still live with pride on your living standards without compromising. Due to the rising inflation, & high cost of living & inflation, This is a best plan retired life pension plan.

LIC New Jeevan Nidhi  Policy Conditions

Minimum Age entry 20  Years (near birth day)
Maximum Age entry 58 Years (near birth day)
Maximum Age  Vesting 55 Years
Minimum Def.period 7 Years
Maximum Def.period 35 Years
Min.Basic Sum Assured 1,50,000
Max.Basic Sum Assured No limit
Mode Yearly, half year, quartyl  ,monthly, Ecs
Accident Benefit Rs.1
Policy Loan No
Assignment No
Revival Yes
Surrender Yes
Nomination Yes
High Sum Assured Rebats 3 Lac & above Rs.2


LIC Jeevan Nidhi Pension Plan Features


LIC New Jeevan Nidhi Annuity Plan is a  Pension Plan.

Guaranteed Additions – The Jeevan Nidhi Pension Plan provides Guaranteed Additions at the rate of  Rs. 50/- per thousand Basic Sum Assured for first 5 completed years.


Participation in Profits: This LIC New Jeevan Nidhi Policy allows participation in Profits in the form of Bonus from the 6th policy year onwards.

Accidental Death and Disability Benefit Rider offered by  LIC is available under this plan.

2 Options available in this policy

1.Maturity: Purchase deferred annuity


Purchase immediate annuity.

Accident Benefit Sum assured has been increased from Rs. 25,000/- to Rs. 1,00,000/-.

Benefits lic new  Jeevan Nidhi Annuity Plan

Free Look Period

The policyholder is not satisfied with the “Terms and Conditions” of the LIC Jeevan Nidhi Retirement plan,

He may return the insurance policy to the Corporation within 15 days from the date of receipt of the policy.

Death Benefit

Death Benefit at any time shall not be less than 105% of the total premiums paid which excludes extra premiums, all taxes, and rider premium if any.

Death before  first five policy years

Provided the Pension policy is in full force

The nominee will get the Sum Assured + Accrued Guaranteed Additions which can be paid in a lump sum to the nominee, provided all premiums have been paid.

Death after first five Policy years

The legal heir will be provided the Basic Sum Assured + accrued Guaranteed Additions + Final Additional Bonus + Simple Reversionary, if any, which can be paid in a lump sum or as the annuity or a combination of the two, provided all premiums have been paid.


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