It is a best insurance policy for starters with an ideal combination of basic coverage with low premium. It offers guaranteed returns in the form of Guaranteed Sum Assured and Loyalty Additions at the end of term. Policy can be availed with duration of 10 years to 20 years and can be taken any person between the ages of 8 years to 55 years.
Life Coverage plus Savings at Low Cost
It a risk free long term investment plan which ensures regular discipline savings at very low cost. This helps grow your saving over a period of time.
Liquidity in the form of Loan & Surrender
Fulfil financial needs by exercising loan facility on policy immediately after one year. Loan Facility is available at very concessional rate. Even policy can be surrendered if you wish to discontinue the protection.
Low Periodic Premium
It is cheapest life insurance cover plan ideal for all age group without any medical check up. Comparing Premium charged for other policies in Endowment Category, premium for Jeevan Rakshak is low with good returns after completion of Term
Profit Sharing as per Valuation
Every year, LIC declares valuation results.
As per valuation result declared by LIC, profit is being shared among all policyholders as bonus.
Additional Accident Benefit
By paying small extra premium amount, you can secure your life for high insurance protection on natural or accidental death by opting DAB.
|Entry Age||8 Years Completed age||55 Years Nearest birthday|
|Term||10 Years||20 Years|
|PPT||Equal to Term|
|Maturity age||70 Years Nearest birthday|
|Sum Assured||₹ 75,000/-||₹ 2,00,000/-|
|Mode of Payment||Yearly, Half Yearly, Quarterly, Monthly (ECS),SSS|
“The total Basic Sum Assured under all policies issued to an individual under this plan shall not exceed ₹ 2 lakh”.
Age at entry for the Policyholder is to be taken as age nearest birthday except for the minimum age at entry i.e. 8 years, where it is in completed years.
Minimum Sum Assured :- ₹ 75,000/-
Maximum Sum Assured :- ₹ 1,00,00,000/- not exceed to the basic sum assured
Minimum Entry Age :- 18 years completed
Maximum Entry Age :- 55 years nearest birthday
Maximum Maturity Age :- 70 years nearest birthday
Sum Assured shall be available in multiples of ₹ 5,000/-