LIC's
Jeevan Rakshak Plan is a participating non-linked plan which offers a
combination of protection and savings. 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 at the time of maturity for the surviving
policyholder. This plan also takes care of liquidity needs through its loan
facility.
Eligibility Conditions and Other
Restrictions:
Minimum
Basic Sum Assured per life*
: Rs. 75,000
Maximum
Basic Sum Assured per life*
: Rs. 200,000
(The Basic
Sum Assured shall be in multiples of Rs. 5000/-)
Minimum
Age at
entry
: 8 years (completed)
Maximum
Age at
entry
: 55 years (nearest birthday)
Minimum
Policy
Term
: 10 years
Maximum
Policy
Term
: 20 years
Maximum
Age at
Maturity
: 70 years (nearest birthday)
Premium
paying modes: Yearly, Half-yearly, Quarterly and
Monthly mode.
