What is LIC Jeevan rakshak policy?
LIC Jeevan Rakshak Plan is a profit-sharing non-linked and participating Endowment Plan. It is the simple endowment plan with death and maturity benefit which one can buy even for their 8 years old child. After reaching the maturity age, the policyholder gets the basic Sum Assured along with Loyalty Additions.
What is plan 827 in LIC?
LIC Jeevan Rakshak Plan (Table No. 827) is a participating non-linked plan which provides a combination of insurance and savings. As the name suggests, the plan offers life insurance as well as maturity benefit. This plan is introduced in August 2014 by the Life Insurance Corporation (LIC) of India.
What is the maturity amount of LIC Jeevan Kishore?
45 years
Eligibility Criteria for LIC – Jeevan Kishor Plan
| Eligibility Criteria | |
|---|---|
| Max age of Maturity | 45 years |
| Min Sum Assured | Rs. 50,000 |
| Max Sum Assured | Rs. 40,00,000 |
| Mode Available | Single, Annual, Semi Annual, Quarterly, Monthly |
What are the benefits of Jeevan Rakshak 827?
Jeevan Rakshak (Plan 827) is a regular premium paying Endowment Assurance plan from LIC of India. Jeevan Rakshak is a with-profit, non-linked (conventional type) plan, with a maximum sum assured of 2,00,000 for an individual. The benefits under the plan include, death benefits and maturity benefit which is discussed in detail here.
What happens in LIC Jeevan Rakshak plan?
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.
Which is the maximum sum assured in Jeevan Rakshak?
Jeevan Rakshak (Plan 827) is a regular premium paying Endowment Assurance plan from LIC of India. Jeevan Rakshak is a with-profit, non-linked (conventional type) plan, with a maximum sum assured of 2,00,000 for an individual.