Jeevan Shiromani is a term from the Punjabi language, which is spoken primarily in the Punjab region of India and Pakistan. In Punjabi, Jeevan means “life” and Shiromani means “gem” or “jewel.” So Jeevan Shiromani can be translated to mean “gem of life” or “jewel of life.”
In a broader sense, Jeevan Shiromani can be used to describe a person who is considered to be a shining example of a good and virtuous life. This might include someone who has made significant contributions to society, demonstrated exceptional leadership or kindness, or who has achieved great personal success while also remaining humble and compassionate.
The term Jeevan Shiromani is often used as a title or honorific, similar to a knighthood or other forms of recognition. For example, someone who has dedicated their life to social work or who has made significant contributions to the arts might be given the title Jeevan Shiromani as a sign of respect and admiration for their achievements.
Combination of Moneyback and Life Insurance
- In the event of your death during the period of the policy, you will get a lump sum payment. If you survive, a survivor benefit will be paid out after 4 years, after 2 years, and at the end of the term.
Lump sum Benefit for Inbuilt Critical Illness
- In the unfortunate event of death within the policy period, the sum assured plus the bonus will be paid out without deducting any already paid survival benefits.
Profit Sharing as per Valuation
- For the first five policy terms, the policy is eligible for a guaranteed bonus at a rate of Rs. 50.00 per thousand per year, and thereafter, at a rate of Rs. 55.00 per thousand per year.
Fulfilment of Goals
- In addition to the standard accidental benefit under other policies, a standalone Extra Accident Benefit Maximum of Rs. 1,00,00,00/- is permitted.
Plan Benefits
Tax Free Maturity Amount
Avail Tax benefit on premium paid
Tension Free Claim Settlement
| Minimum | Maximum | |
| Age at Entry | 18 Years Completed | 55 Years for Policy Term 14 Years |
| 51 Years for Policy Term 16 Years | ||
| 48 Years for Policy Term 18 Years | ||
| 45 Years for Policy Term 20 Years | ||
| Sum Assured | Rs 1,00,00,000 | No Limit |
| Policy Term | 14 Years | |
| 16 Years | ||
| 18 Years | ||
| 20 Years | ||
| Premium Paying Term | Policy Term – 4 Years | |
| Maturity Age | 69 Years for Policy Term 14 Years | |
| 67 Years for Policy Term 16 Years | ||
| 66 Years for Policy Term 18 Years | ||
| 65 Years for Policy Term 20 Years | ||
| Mode of Payment | Yearly, Half Yearly, Quarterly, Monthly (NACH), SSS | |
The Basic Sum Assured shall be in Multiples of Rs. 5,00,000 / –
| Minimum | Maximum | |
| Age at Entry | 18 Years Completed | 55 Years for Policy Term 14 Years |
| 51 Years for Policy Term 16 Years | ||
| 48 Years for Policy Term 18 Years | ||
| 45 Years for Policy Term 20 Years | ||
| Sum Assured | Rs. 10,000 | Rs 1,00,00,000 |
| Cover Ceasing Age | At the End of Policy Term | |
The Double Accident Sum Assured shall be in Multiples of Rs. 10,000 / –
| Minimum | Maximum | |
| Age at Entry | 18 Years Completed | 55 Years for Policy Term 14 Years |
| 51 Years for Policy Term 16 Years | ||
| 48 Years for Policy Term 18 Years | ||
| 45 Years for Policy Term 20 Years | ||
| Sum Assured | Rs 1, 00,000 | Rs. 25,00,000 |
| Cover Ceasing Age | At the End of Policy Term | |
The Term Assurance Sum Assured shall be in Multiples of Rs. 5,000 / –
The Term Assurance Sum Assured shall be in Multiples of Rs. 5,000 / –
| Minimum | Maximum | |
| Age at Entry | 18 Years Completed | 55 Years for Policy Term 14 Years |
| 51 Years for Policy Term 16 Years | ||
| 48 Years for Policy Term 18 Years | ||
| 45 Years for Policy Term 20 Years | ||
| Sum Assured | Rs 1,00,000 | Rs. 25,00,000 |
| Cover Ceasing Age | At the End of Policy Term | |
The Critical Illness Sum Assured shall be in Multiples of Rs. 25,000 / –
Documents Required:
- Medical history
- Address proof
- Know your customer documents
- Medical examination (depending on your age or the sum assured)
- Medical examination (depending on your age or the sum assured)
