This plan is most popular form of life assurance. This is Limited Payment Endowment with profits plan .It makes provision for the family of the Assured in the event of early death, as also assures a lump sum amount at a desired age.

SALIENT FEATURES:

1. Plan Name: NLIC Jeevan Jyoti Plan
2. Entry Age Level: 18 Years to 65   Years
3. Maximum Maturity Age : 70 Years
4. Minimum Sum Assured  : 5,000/-       
5. Maximum Sum Assured: According to the income of the assurance.
6. Policy Term: Minimum 5 Years to Maximum 30 Years.
7. Premium Paying Term: Policy Term and Premium payment term are different .
8. Rider  Benefit: ADB/PWB/PTD Available for Age at entry 18 years to 65 years.
9. Premium Payment Mode : Yearly, Half-Yearly & Quarterly .

Basic Benefits:

• At the time of maturity of policy, Basic Sum assured with Bonus will be paid to the insured.

Optional Benefits (Rider Benefits):

With payment of additional premium, following additional benefits can be taken:

1.Accidental Death Benefit (ADB) Only: 

This is a rider benefit which offers protection on occurrence of death of the policyholder due to accident .  It  can be taken with payment of additional premium per thousand. In case of death due to accident, additional benefit equal to basic sum assured or maximum Rs. 1,00,00,000 whichever is less is payable to the beneficiary of assured.

2. Accidental Death Benefit, Accidental Total Permanent Disability, Premium Waiver Benefit – ADB, TPD & PWB:

This is a rider benefit which offers protection on occurrence of death or disability  of the policyholder due to accident . This rider is to be offered as a package along with premium waiver rider .  It can be taken with payment of an additional premium. Total coverage amount under this benefits will be equal to basic sum assured or Maximum Rs. 100,00,000/- whichever is less. In case of permanent and total disability of the policyholder during the policy term caused by an accident the Rider Sum Assured will be paid to the policyholder in 120 equal monthly instalments  and all future payable premium will be waived.

3. Critical Illness Benefit:

This is a Rider benefit . If the  life assured is diagnosed with specific illness defined under this plan during the policy term, lump sum amount equal to basic sum assured or maximum up to Rs. 50,00,000 will be paid to the insured. Undermentioned conditions should be followed to have  Critical Illness ;

Entry age:  Minimum 18, Maximum : 65,  Policy maturity age: 70, Coverage: Minimum Rs.50, 000 ,Maximum : Rs. 50,00,000 , Policy Term : Minimum 5 Years to Maximum 20 years .