LIC Jeevan Rakshak Plan

 

A Regular Premium paying, Non-linked, Conventional with-profits Endowment Assurance plan

Eligibility Conditions & Restrictions
Minimum age : 8 years (Completed)
Maximum age : 55 years
Maximum maturity age : 70 years
Policy Term : 10 years to 20 years
Minimum Sum Assured : Rs. 75,000
Maximum Sum Assured : Rs. 2,00,000
Premium payment : Yearly / Half yearly / Quarterly / Monthly (Thru Bank)
Loan : Eligible after 3 years
Surrender : Eligible after 3 years
On Death : Sum Assured + Loyalty Addition (after 5th Policy year) is payable
On Maturity : Sum Assured + Loyalty Addition is payable
Income Tax Benefits : (i) Premiums paid are eligible for Tax rebate u/s 80c
(ii) Maturity amount / Death claim is Non-taxable u/s 10(10d)