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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Life Insurance Corporation of India – Jeevan Rakshak
It was a joke for me to see your illustration of a family having an income of Rs. Financial planner you need to study things well before advising to the masses. Malay Kumar — Appreciate your convincing skills.
Insurance does not make money, we have to work and make money. Kindly go through the links that I have suggested earlier.
LIC Jeevan Rakshak Plan () – Online Reviews, Features & Benefits
Since the policy has not completed 5 years, no Loyalty Additions will be payable. Death Benefit Scenario 1: Kindly read my article: 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.
He goes in for the plan with the following: They have to work to make money. Documents required for this Policy To buy this policy the person needs to give an application or proposal form with precise medical history and know your customer document which is commonly known as KYC document. Kindly note these important points before opting for Jeevan Rakshak: The Entry age limit for this policy is minimum 8 years and maximum up to 55 years.
Here we have assumed the current tax rate of 4. Mr X has that policy for sum assured of Rs 5 Lakh. When did you buy this policy?
LIC Jeevan Rakshak
Since it is a participating plan, bonus benefits will be available. Kindly avoid buying an Endowment plan if your requirement is to get a life cover. Dear Sreekanth, few days before only i joined this plan Maturity amt 1.
The premium paying term also known as PPT in years is always equal jewvan the policy term. You can get this policy without any medical test. According to the terms and condition of this policy, it performs under the bonuses of the company so it always accumulates the loyalty addition.
gakshak Our Products Motor Insurance. Kindly keep giving your valuable feedback. LIC Jeevan Rakshak Policy is a participating endowment plan which provides both investment and insurance benefits. We can not judge what is sufficient for whom sitting here on blog. As this is a participating plan of LIC, this conventional endowment plan always permits the insurance holder to leverage the revenue of the company.
A medical examination is not compulsory but in some raksnak it is required. On maturity, Mr X will get Rs 20, as one time loyalty addition. Please look after my concern, your answer will be awaited.
Reply tanisha sharma Aug 19, You will get a low coverage facility with this policy and plaj can take the maximum sum of 2 lakhs rupees per head. 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 jeevsn year or on Policyholder surviving to the maturity.
Reply n c manna Jul 3, 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.
The main aim of his blog is to “help investors take informed financial decisions. Reply SK Feb 9, 1: