Jeevan Rakshak Plan - 827
LIC's Jeevan Rakshak Plan is a participating non-linked plan which offers a combination of protection and savings. This plan provides financial support for the family in case of unfortunate death of the policyholder any time before maturity and a lump sum amount at the time of maturity for the surviving policyholder. This plan also takes care of liquidity needs through its loan facility.
Benefits
Death Benefit:
In case of death of the policyholder during the policy term provided all due premiums have been paid, “Sum Assured on Death” shall be payable, which is the highest of
Basic Sum Assured or
10 times of annualized premium or
105% of all the premiums paid as on date of death.
The premiums defined above exclude service tax, extra premium and Accident Benefit rider premium, if any.
In addition to the above, Loyalty Addition, if any shall also be payable if death occurs after completion of 5th policy year.
Basic Sum Assured or
10 times of annualized premium or
105% of all the premiums paid as on date of death.
The premiums defined above exclude service tax, extra premium and Accident Benefit rider premium, if any.
In addition to the above, Loyalty Addition, if any shall also be payable if death occurs after completion of 5th policy year.
Maturity Benefit:
Basic Sum Assured, along with Loyalty Addition, if any, shall be payable in lump sum on Survival to the end of the policy term provided all due premiums have been paid.
Participation in profits: Provided the policy is in full force, then depending upon the Corporation’s experience the policies under this plan will be eligible for Loyalty Addition. The Loyalty Addition, if any, is payable at such rate and on such terms as may be declared by the Corporation, on death after completion of 5th policy year or on Policyholder surviving to the maturity.
Eligibility Conditions and Restrictions:
| Particulars | Description |
|---|---|
| Entry Age | Minimum 8 years (completed) and maximum 55 years (nearest birthday) |
| Maturity Age | Maximum age at maturity 70 years. |
| Policy Term | Minimum 10 years maximum 20 years |
| Premium mode | Yearly, Half-yearly, Quarterly, Monthly (SSS or ECS) |
| Basic Sum Assured | Minimum Rs. 75,000 and maximum Rs. 2,00,000 |
Contact me 9899551897 or send your detail on satishkumar.licofindia@gmail.com to get your insurance plan.
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