LIC Jeevan Vaibhav

Buy Gold Mutual Funds

Invest Mutual Funds Online

Download Mutual Fund Application Forms

Product Details
LIC Jeevan Vaibhav is a single premium, close-ended endowment plan with a fixed policy term of 10 years. The scheme offers to pay the sum assured, with loyalty additions if any, on maturity to the policy holder or as death benefit to the nominee, whichever is earlier. The minimum amount of sum assured that a policyholder can opt for is 2 lakh. The scheme as such, provides for rebate on higher amounts of sum assured of 4 lakh and above. This scheme is available only for a limited period

Additional Features
Jeevan Vaibhav is a single premium plan where premium payable is almost half the amount of the sum assured. When analysed over a 10-year period, the returns generated by the scheme during the entire work out to 7.7-8.0% per annum., after accounting for high sum assured rebates.

Policy At A Glance
Assuming the age of a healthy male policyholder as 30 years, the annual premiums payable for various amounts of sum assured are illustrated herewith…

Jeevan Vaibhav is a smart adaptation of the Jeevan Vriddhi policy launched by LIC a few months ago. Jeevan Vriddhi offered returns ranging from 4.7% to 7.09% compounded annual growth rate (CAGR) and death cover equal to five times the amount of single premium. For Jeevan Vaibhav, LIC has limited the death cover to about twice the amount of single premium and has increased the annual returns to 7.7% to 8.0% CAGR instead.

Jeevan Vaibhav is thus an interesting investment plan, an alternative to term deposits offered by banks. With interest rates having begun to soften gradually, investors can use this latest offering by LIC to park their money for 10 years for an assured tax-free return of about 8% p.a.

The comparison reveals that returns of LIC's Jeevan Vaibhav gain over those of bank term deposits earning interest @ 8.75% for 10 yrs; after accounting for tax impact @ 20.6% and above and the cost of premium paid to buy a term plan.

However, purchasing this scheme solely for life cover does not really make sense. Those with a preference for insurance over investment may give this plan a miss and purchase a pure term plan instead

---------------------------------------------

Invest Mutual Funds Online

Transact Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Fund Application Forms

Best Performing Mutual Funds

1. Largecap Funds        Invest Online
1. DSP BlackRock Top 100 Fund
2. ICICI Prudential Focused Blue Chip Fund
3. Birla Sun Life Front Line Equity Fund
2. Large and Midcap Funds     Invest Online

1. ICICI Prudential Dynamic Plan
2. HDFC Top 200 Fund
3. UTI Dividend Yield Fund
2. Mid and SmallCap Funds    Invest Online

1. Reliance Equity Opportunities Fund
2. DSP BlackRock Small & Midcap Fund
3. Sundaram Select Midcap
4. IDFC Premier Equity Fund
3. Small and MicroCap Funds             Invest Online

1. DSP BlackRock MicroCap Fund
4. Sector Funds              Invest Online

1. Reliance Banking Fund
2. Reliance Banking Fund
5. Gold Mutual Funds             Invest Online

1. Relaince Gold Savings Fund
2. ICICI Prudential Regular Gold Savings Fund
3. HDFC Gold Fund