LIC Agent in Nagpur

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LIC Jeevan Rakshak Plan

Key Features & Highlights of LIC Jeevan Rakshak

  • LIC Jeevan Rakshak is a participating Endowment plan offering savings and protection
  • It offers bonus in the form of loyalty additions post the completion of 5 years of the plan
  • It is a non-medical fixed benefit plan that allows participation in profits through loyalty additions
  • An optional rider of LIC Accident Benefit can be opted for with the plan.                                                                                                                                                                                                      

    Benefits of LIC Jeevan Rakshak


    Maturity Benefit -     The Basic Sum Assured along with Loyalty Additions (if any) are paid in a lump sum amount to the policyholder on survival at the end of the policy term. This is applicable only if all premiums have been duly paid.LIC Jeevan Rakshak offers the following benefits to the prospective policyholder -
    Death Benefit - In case of the death of the policyholder within the term of the policy, a 'Sum Assured on Death' is payable which is the highest of
    • Basic Sum Assured or
    • 10 times of the annualised premium
    • 105% of all the premiums paid as on date of death
    The above benefits are not inclusive of service tax, extra premiums or optional rider benefits, if any.
    In case of the death of the policyholder after the 5th year of the policy term, Loyalty Additions, if any, will also be payable.                           

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