Lic Jeevan Rakshak
vs
Lic Bima Shree
- Choose your coverage tenure
- Multiple sum assured options
- Enhance coverage with add-ons
| PLAN DETAILS |
 Lic Jeevan Rakshak |
 Lic Bima Shree |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
|
|
| Plan Uniqueness |
|
|
| Plan Maturity age | Maximum Maturity Age - 70 years | Maximum Maturity Age - 55 years |
| Premium payment term | Equal to the policy term | 10 to 16 years |
| Plan Entry Age | Minimum Age - 8 years Maximum Age - 55 years | Minimum Age - 8 years Maximum Age - 45 years |
| Sum assured | Rs 75,000 to Rs 2 lakhs | Rs 10 lakhs to No limit |
| Premium payment frequency | Annual, half-yearly, quarterly & monthly | Annual, half-yearly, quarterly & monthly |
| Plan Sample Premium | - | - |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy tenure | Minimum term - 10 years Maximum term - 20 years | Minimum term - 14 years Maximum term - 20 years |
| Claim Settlement Ratio (2023-24) | 98.62 | 98.62 |
LIC Jeevan Rakshak Plan (Table No. 827) is a participating non-linked plan that provides a combination of insurance and savings. As the name suggests, the plan offers life insurance as well as maturity benefits.
This plan was introduced in August 2014 by the Life Insurance Corporation (LIC) of India. If the policyholder dies during the policy term before the maturity date, the plan offers financial assistance to the family of the insured and at the time of maturity, a lump sum amount is payable along with loyalty additions if applicable on the survival of the policyholder.
The policy is an excellent choice for those who belong to a low-income group as it is the only insurance policy that provides less than one lakh rupees as a Sum Assured. The plan also provides a loan facility to fulfill the liquidity requirements of the insured.
LIC Jeevan Rakshak Plan offers you a range of benefits including:
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