How to Buy LIC Jeevan Rakshak Plan Online (PolicyX.com)
- Visit the official website of PolicyX.com.
- Click on the 'Investment' tab.
- A new page will appear on the screen.
- Fill out the form at the top of the page with the necessary details.
- Select your income and city. Click on 'Proceed'.
- Update your education and occupation details.
- Choose your preferred plan and click on 'Buy this plan'.
- Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
Benefits of LIC Jeevan Rakshak Plan
There are various benefits to buying the LIC Jeevan Rakshak Plan. Let's understand each of them in detail:
- Death Benefit: If death occurs during the first five policy years, the benefit is payable if the insured person dies before the maturity date. If death occurs before the date of commencement of risk, a refund of premiums paid without interest will be payable.
- Maturity Benefits: If the insured survives till the end of the policy period and all due premiums have been paid, the Sum Assured on Maturity along with Loyalty Addition will be payable.
- Participation in Profits: If the insured has completed five years and paid all premiums, then depending on the Corporation's experience, policies under this plan will be eligible for Loyalty Addition at the time of exit (due to death during the policy term or maturity).
- Additional Riders: You can choose additional riders with your plan as per your requirements.
High Sum Assured Rebates
This plan provides high sum assured rebates if you choose a high sum assured amount.
Policy Revival
You can revive the policy if it has lapsed due to non-payment of premiums during the premium payment tenure.
Free Look Period
This plan offers a 30-day free look period to cancel the policy if you are not satisfied with its terms and conditions.
Tax Benefits
LIC Jeevan Rakshak Plan offers tax benefits under Section 80C of the Income Tax Act, 1961, for up to ₹1.5 lakhs of the total premium paid in the same financial year.
How to Buy LIC Jeevan Rakshak Plan Online (LIC Website)
- Visit the official website of Life Insurance Corporation of India.
- Hover over 'Wealth Creation'.
- Click on 'LIC Jeevan Rakshak Plan'.
- Click on 'Buy Online' and you will be redirected to a new page.
- Enter your name and contact information. One of their representatives will reach out to you to discuss the quotes.
- Once discussed, you can make the premium payment and get the policy documents.
Exclusions
- If the policyholder commits suicide within 12 months of policy purchase, no death benefits are offered to their family members. Instead, 80% of the premiums paid to date or the surrender value acquired to date, whichever is higher, will be paid.
Documents Required to Buy LIC Jeevan Rakshak Plan
Here is the list of documents required to buy the LIC Jeevan Rakshak Plan:
- Photo ID Proof: Passport, Aadhaar card, PAN card, Driving License (any one).
- Age Proof: Passport, Aadhaar card, PAN card, Driving License (any one).
- Address Proof: Utility bill, Passport, Voter ID, Ration Card (any one).
- Medical Records: Medical records of the policyholder (if requested).
- Income Proof: Bank statement, last three months' salary slips (for salaried individuals) (any one).
Plan At a Glance
| What's Good Here |
What's Missing |
| Death Benefits |
Premium Offset |
| Maturity Benefits |
|
| High Sum Assured Rebates |
Auto Cover Continuance |
| Additional Bonus |
Top-up Premium |
Summary
If you are looking for a life assurance savings plan that provides death benefits to your family in case of your unfortunate demise, along with maturity benefits, then the LIC Jeevan Rakshak Plan is a suitable choice. If you are still confused about whether this plan is right for you, contact us at PolicyX.com.
For more information related to this plan, you can visit PolicyX.com, or call us at 1800-420-0269. Our insurance experts can help you find the best solution for your unique needs.
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