LIC's Jeevan Rakshak Plan (Plan No. 827)

LIC JEEVAN RAKSHAN PLAN is a general premium paying Non-connected, With-Profits, Endowment Assurance plan. This plan should be accessible to standard lives without any medical examination and the maximum Sum Assured allowed under this plan is Rs. 2 lacs.

 

WHY CHOOSE THIS PLAN :

∙  Medical test not required for life cover.

∙  Minimum policy term 10 years.

∙  Maximum policy term 20 years.

∙  Can plan for short term.

∙  Accidental benefit rider available.

 

BENEFITS OF PLAN :

ON DEATH : If insured dies during the policy term , nominee will get SUM ASSURED and Loyalty Addition , if any .

ON MATURITY : On survival insured will get Basic Sum Assured with Loyalty Addition (if any).

 

PLAN PARAMETERS

 Min. / Max. Entry Age

 8 years / 55 years

 Maximum age of Maturity

 70 Years (nearest birthday)

 Min. / Max. Policy Term

 10 years / 20 years

 Min. / Max. Sum Assured

 75000/-  /  2,00,000/-

 Tax Rebate

 80C (investment)  + 10(10D) (on Maturity)

 

 

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