LIC LIC's Jeevan Shiromani (Plan No. 947): Full Guide, Eligibility & Premium

LIC's Jeevan Shiromani belongs to LIC's whole life plans family. In one line: high sum assured plan for hni buyers

Eligibility at a glance — entry age 18 to 55 years; sum assured ₹1,00,00,000 and above; policy term 14, 16, 18 or 20 years. Anything outside those bands will simply not be issued, so check them before you plan the premium.

What the plan actually gives you: Minimum sum assured of ₹1 crore Inbuilt critical illness benefit Guaranteed additions during the premium paying term Survival benefits in the last four policy years Those are the contractual features; bonus or market-linked components, where they apply, are declared by LIC each year and are not guaranteed in advance.

Who it suits: High net worth individuals and business owners insuring large liabilities. If that does not describe your situation, there is usually a better-fitting plan in the same family, and it costs nothing to ask.

Before you sign, run LIC's Jeevan Shiromani through the premium calculator on this site with your own age, sum assured and term. Seeing the yearly outgo next to the projected maturity value is the fastest way to know whether the plan fits your cash flow — and the fastest way to spot a mis-sold recommendation.

Buying, servicing and claiming are three different jobs. We help with all three free of charge, including for policies you bought elsewhere, from our office at Fort, Mumbai and online across India.