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.
∙ 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.
: If insured dies during the policy term , nominee will get SUM ASSURED and Loyalty Addition , if any .
: On survival insured will get Basic Sum Assured with Loyalty Addition (if any).
|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)|