LIC Jeevan Aadhar – For Handicapped

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The life of the people, who are influenced with an incapacity, faces a ton of issue in driving their everyday life. In spite of, government thoroughly taking a shot at to improve the lives of those people, we are as yet far behind in accomplishing it. In any case, LIC has made a decent begin and has launched Jeevan Aadhar Life Insurance Plan only for physically tested wards.

This plan is a constrained installment and is an entire life plan. It can be likewise utilized as a long -term annuity plan, if the life guaranteed bites the dust. Under this plan, the life guaranteed requirements to pay premium for a most extreme time of 35 years, yet the life scope proceeds till the downfall of the impeded wards. Aside from this, the demise advantage is paid in singular amount and in portions.


Key Notes

1) The Premium should be paid regularly at yearly, half-yearly, quarterly or monthly intervals. The premium of the policy differs, according to the age of physically challenged dependents.

 2) The minimum age of the life assured is 22, according to the policy

 3) The maximum age of the life assured in 65, according to the policy.

 4) The time span of paying premium ranges from 10-35, depends on the plan. The plan also provides single premium options.

 5) If the life assured is willing to pay an amount of extra premium, under this policy, he is eligible to claim, an optional benefit.

 6) Under this plan, In case the life insured, dies when the dependent is alive, 20% of the sum assured + guaranteed bonus+ terminal bonus if any, is paid to the nominee as lump-sum amount and the rest 80% of the sum assured is utilized to pay annuity for 15 years and life thereafter depending upon the age of the handicapped dependent.





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