LIC Jeevan Bharathi Policy

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LIC Jeevan Bharathi - 1 Plan is an amazing plan as it is a Life Insurance Policy for women only. It is basically a Money Back Plan which can be utilized to purchase an Annuity on maturity of the plan.

In this plan, premium needs to be paid for the entire policy term of 15 or 20 years, but Survival Benefits of 20% of the Sum Assured are paid every 5 policy years. The remaining amount of the Sum Assured along with accrued Reversionary Bonus and Final Addition Bonus is payable as Maturity Benefit. However, the policyholder may choose to withdraw the Survival Benefit at a later date than its due date and she would also get interest for that period as well. Hence she gets an opportunity to customize this plan according to her needs.

Moreover, the Maturity Benefit may be utilized to purchase an annuity instead of withdrawing the same in a lumpsum. In this plan, there are 3 additional riders that can be opted for where most female concerns are taken care of including common female diseases, childbirth complications, etc.
Hence this plan is a plan with varied options which caters to the needs of large number of women policyholders and is the answer to the needs of many.


Features of LIC Jeevan Bharathi
·         This plan is especially for women policyholders ONLY.
·         This is a very special plan since it is actually a Money Back Plan with Reversionary Bonus which can be converted to an annuity.
·         The entire Sum Assured is payable Death Benefit along with accrued Bonuses irrespective of how much Survival Benefit has been paid
·         20% of the Sum Assured is paid as Survival Benefit every 5 years
·         The remaining Sum Assured along with accrued Bonuses are paid as Maturity Benefit at the end of the Policy Term.
·         There is optional higher cover through 3 additional riders
·         High Sum Assured rebate is provided in this plan.


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