What is LIC Jeevan rakshak plan?
LIC Jeevan Rakshak Plan is a profit-sharing non-linked and participating Endowment Plan. It is the simple endowment plan with death and maturity benefit which one can buy even for their 8 years old child. The insured needs to pay the premium for the whole term regularly.
Is Jeevan rakshak plan closed?
LIC Jeevan Rakshak plan has been withdrawn by LIC and is not available for sale and purchase. LIC Jeevan Rakshak Plan (Table No. 827) is a participating non-linked plan which provides a combination of insurance and savings. As the name suggests, the plan offers life insurance as well as maturity benefit.
What is the benefits of LIC Jeevan Tarun?
Key Features of LIC Jeevan Tarun
| Plan type | Participating non-linked premium payment scheme |
|---|---|
| Policy term | 25 minus the entry age, i.e., if the entry age is 8 years, the policy term will be (25 minus 8) = 17 years |
| Maturity benefits | A certain percentage of the sum assured will be paid on maturity |
What is the maturity amount of LIC Jeevan Kishore?
Eligibility Criteria for LIC – Jeevan Kishor Plan
| Eligibility Criteria | |
|---|---|
| Max age of Maturity | 45 years |
| Min Sum Assured | Rs. 50,000 |
| Max Sum Assured | Rs. 40,00,000 |
| Mode Available | Single, Annual, Semi Annual, Quarterly, Monthly |
Is there any monthly income scheme in LIC?
This pension scheme was launched by LIC, for senior citizens in the year 2017 and will be available for consumers for purchase for another three years i.e. up to March 2023. In the current year of 2021, the scheme will earn an interest of 7.40% payable every month which will be fully taxable.
How much is loyalty addition in LIC?
Loyalty additions rates of a 25-year term are Rs 1100 per 1000 sum assured. This means 110% of the sum assured is paid as loyalty additions for plans maturing this year in addition to the sum assured and guaranteed additions.
What is LIC Jeevan Tarang policy?
Jeevan Tarang Policy is a Whole Life Plan with a Bonus facility offered by Life Insurance Corporation, Under this innovative plan, policyholders are required to pay the premiums for a pre-determined Accumulation Period, which is usually for a span of 10, 15, or 20 years.
How can I check my LIC maturity amount?
To check the updates through SMS, one can type “ASKLIC” followed by the policy number and SMS it to the phone number 56767877 made available by the Corporation. “ASKLICAMOUNT.” All of the queries mentioned above can be resolved by sending the SMS code to the same number, that is, 56767877.
Which is best monthly income plan?
Best Monthly Income Plans for 2022
| Monthly Income Plans | Entry Age (Minimum to Maximum) |
|---|---|
| HDFC Life Super Income Plan | 30 days to 59 years |
| ICICI Pru Cash Advantage | 0 year to 60 years |
| IDBI Federal Life Insurance Guaranteed Income Plan | 8 years to 50 years |
| IndiaFirst Life Guaranteed Monthly Income Plan | 18 years to 50 years |