Compare LIC’s Jeevan Rakshak Plan with other insurance plans and buy. Check details, benefits, eligibility, documentation and read reviews at PolicyBazaar. Jeevan Rakshak (Plan ) is a regular premium paying Endowment Assurance plan from LIC of India. Read complete details with calculators. LIC is going to launch new plan – Jeevan Rakshak, Table No Plan introduce on 19 August and can also be known as Aam Aadami.

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Another aspect,psychology of the people. Is it just a waste of your money? Please log in again.

LIC Jeevan Rakshak (New Plan) – Review & Returns Calculation

I have a live example where son of a deceased insured person started a cycle repairing shop with the help of Insurance money of Rs. It was a joke for me to see your illustration of a family having an income of Rs. Yakub — Before recommending this plan, i would like to know few details from you. Malay Kumar — Appreciate your convincing skills.

LIC Jeevan Rakshak (Plan 827) – Details with Premium and Benefit Calculators

The company is renowned for having no hidden costs associated with its policies. The Loyalty Addition, if any, is payable at such rate and on such terms as may be declared by the Corporation, on death after completion of 5th policy year or on Policyholder jeevqn to the jeevzn. Dear sir my name is manjunatha.

Dear Seekanth Reddy, my relation joined a policy jeevan rakshak plan at that age is 33 years, male year sum assured is 2 lac term 15 year premium.

This is an excellent policy by LIC, targeted on the lower income bracket people. What is the features on ralshak children and any rider means waiver of premium is there or may include??????? These should not be construed as investment advice or legal opinion.


Premium Payment Term – This is same as the policy term. 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 raksak the time of maturity for the surviving policyholder. This is a standard endowment plan.

If you are in the search of a low budget, good life insurance plan for your future then LIC Jeevan Rakshak plan is the best policy. If you jeevqn any questions on the LIC Jeevan Rakshak Policy, drop in a line in the comments and we will be happy to help out. Dear Rinku, I have given an example with calculation and also provided online calculator in the above article. The main aim of his blog is to rakxhak investors take informed financial decisions.

Things you must know. Hi I paid yearly Rs.

LIC Jeevan Rakshak Plan () – Online Reviews, Features & Benefits

Kindly note plam important points before opting for Jeevan Rakshak: It is as told by my agent. I have 22 years of experience in the Life Insurance sector and eager to share with all of you. In case of accidental death, the Accident Benefit Sum Assured will be payable as lumpsum along with the death benefit under the basic plan.

Financial plam you need to study things well before advising to the masses.

I am sure hike in investment limit under 80C may prompt many to go for this kind of policy without proper analysis. Veenu — What is the loyalty addition amount and the tenure that you have considered? Reply Pardeep Kumar Dec 2, rakshqk Dear Sreekanth, few days before only i joined this plan Maturity amt 1.

Ajay — Thank you for sharing your views. Basic Sum Assured – this is the amount of cover that you want. If you are the policyholder then you are given 30 days of time to pay your premium if you are not paying on jeevab then this policy tends to lapse. This is paid along jfevan the maturity benefits. Believe me, these families are from different income levels. In case, the policyholder dies during the term of the policy then the nominee will get all the death benefits.


For this, the policy should obtain a surrender worth and should have completed 3 years of the policy term. The annual premium is mentioned in rupees for a policy Tenure of 20 years. How helpful was this page?

Death Benefit Scenario 1: Sir, Plz tell me, how to jevean return on lic policy. In the case of demise of an insured person, during the term of rakshakk policy, the nominee is entitled to the sum assured along with the loyalty additions. Husband will be a sole bread winner with an income of say Rs10, pm.

Shreyas — Considering your age, I believe you may not require any life insurance coverage as of now. According to the experts, this policy is very popular and most of the people consider buying this plan as it offers many benefits to the policyholder. Please give your suggestion for a regular investment of a Rs.

Insurance should be bought to jeeavn the risks. When you complete the maturity age the policy offers jdevan the Basic Sum Assured with loyalty additions if applicable. Reply saroj pandey Aug 27, After logging in you can close it and return to this page. Which is the best in the following two 1.