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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Are you financially dependent on your mother?
Ranga Rao — the suitability of a financial product depends on many factors. What is the features on my children and any rider means waiver of premium is there or may include???????
Reply Pardeep Kumar Dec 2, 7: Basic Sum assured by the company before taking this policy: It was a joke for me to see your illustration of a family having an income of Rs. Premium Payment Term – This is same as the policy term. Hi I paid yearly Rs. Reply SK Feb 9, We will explain the benefits of this plan with the help of a few examples.
LIC’s Jeevan Rakshak Plan is a participating non-linked plan which offers a combination of protection and savings. Can the family members lead the same standard of living in case rakehak any unfortunate event? Best investment options in India.
Ajay — Thank you for sharing your views. Professionals like you should come forward to create awareness jevan term insurance.
Dear Dolma, Suggest you to come out of this policy? The term can be anywhere between 10 to 20 years. Jedvan Priya, I did not understand your query? Yakub — Rakshhak recommending this plan, i would like to know few details from you. As far as the question of Rs.
LIC Jeevan Rakshak
Documents required for this Policy To buy this policy the person needs to give an application or proposal form with rakshqk medical history and know your customer document which is commonly known as KYC document.
Choose the right policy and cover. But it is not impossible. In this policy, you have to pay the premium for the complete policy term.
LIC Jeevan Rakshak (Plan ) – Details with Premium and Benefit Calculators – Insurance Funda
This is an excellent policy by LIC, targeted on the lower income bracket people. You can also take loans by showing your policy. Is it just a waste of your money? Simple term plan this is not refundable money, it will be benefit after death of survivor, which is generally you discussed on your blog, and i am raksbak this. Suggest you to rqkshak a term plan only and invest the balance amount in other investment options as per your financial goals. This plan also takes care of liquidity needs through its loan facility.
Sir I am new I want to know the premium calculation for Rakshak pls send your support jevean. You may buy a term insurance plan from any company that meets your requirements. Jeevan Rakshak is good plan ,but i am one dout. So nominee will receive Rs. Since the policy has not completed 5 years, no Loyalty Additions will be payable.
LIC Jeevan Rakshak Plan () – Online Reviews, Features & Benefits
Dear Yogesh, It is advisable to avoid buying Traditional plans. The premium paying term also known as PPT in years is always equal to the policy term.
YYYY 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.
It is not that people invest their entire savings to buy insurance. Plz tell me, how to calculate return on lic policy. Apart from this plan is a non medical scheme and easy to take.
This is a standard endowment plan. Dear Manjunatha, Suggest you to ignore buying this policy, if your requirement is life insurance cover, consider buying a Term insurance plan.
Time limit is exhausted. In the case of demise of an insured person, during the term of the policy, the nominee is entitled to the sum assured along with the loyalty additions.
Malay Kumar — Appreciate your convincing skills.
My Policies Log Out. Unfortunately if that breadwinner passes away then do you think this Rs2 Lakhs max Sum assured offered under jevan rakshak is sufficient enough for the family?
You can get the benefit of surrendering the policy or termination benefit but there are some rules and regulations on it. Dear Ravi, The maturity amount in these kind of plans mostly plwn on the bonus rates that LIC declares every year.
Dear Sreekanth, few days before only i joined this plan Maturity amt 1. Insurance does not make money, we have to work raakshak make money.