LIC Jeevan Rakshak Plan is another excellent endowment plan from LIC for the masses. LIC Jeevan Rakshak Policy is a participating plan where the policy holder enjoys the profit share along with protection. LIC Jeevan Rakshak Policy takes care of the family whether you are there or not.
LIC Jeevan Rakshak benefits include life coverage benefits during or after survival. Some of the major advantages of the LIC Jeevan Policy are as listed below:
An equal of sum assured plus loyalty addition bonus is paid to the beneficiary in case the insured life dies during the tenure of the policy but after completing five years of the policy.
The higher of the following are paid:
If the policy holder survives through the term of the policy, maturity benefit that includes Basic Sum Assured and Bonus Loyalty Additions is paid at maturity.
The policy holder can participate and own a share of the profit made by the company.
The LIC Jeevan Rakshak benefits also includes:
The LIC agent explains LIC Jeevan Rakshak Plan details, features and benefits clearly and also assist you in enrolling for the plan.
|55 years||8 years||Entry Age|
|70 years||Maturity Age|
|20 years||10 years||Policy Term in years|
|Equal to policy term||Premium Paying Term in years|
|Annual, half-yearly and monthly||Premium paying frequency|
|Rs 2,00,000||Rs 75,000||Sum Assured per life|