Lic Jeevan Shagun
vs
Lic Jeevan Rakshak
- Choose your coverage tenure
- Multiple sum assured options
- Enhance coverage with add-ons
| PLAN DETAILS |
 Lic Jeevan Shagun |
 Lic Jeevan Rakshak |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
|
|
| Plan Uniqueness |
|
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| Plan Maturity age | Maximum Maturity Age - NA | Maximum Maturity Age - 70 years |
| Premium payment term | Single Premium | Equal to the policy term |
| Plan Entry Age | Minimum Age - 8 years Maximum Age - 45 years | Minimum Age - 8 years Maximum Age - 55 years |
| Sum assured | Rs 60,000 to No llimit | Rs 75,000 to Rs 2 lakhs |
| Premium payment frequency | Annual, half-yearly, quarterly & monthly | Annual, half-yearly, quarterly & monthly |
| Plan Sample Premium | - | - |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy tenure | Specified Duration by LIC | Minimum term - 10 years Maximum term - 20 years |
| Claim Settlement Ratio (2023-24) | 98.62 | 98.62 |
LIC Jeevan Shagun is a non-linked, participating, savings with protection single premium Money-Back plan. The policy provides high life cover in the event of the miserable death of the policyholder where the single premium paid depends on the maturity sum assured opted by the insured. On surviving till the end of a certain period and on the maturity date, a percentage of the Maturity Sum Assured is paid by LIC.
The plan was launched on 1st September, 2014 for a period of 90 days as it is a close-ended plan so one can fulfill any immediate service requirement. For new buyers looking to buy a similar LIC one time investment plan, you will find comparisons with other plans currently offered by LIC.
The single premium paid for the plan ranges accordingly on the basis of various factors like the policy term, the insured person’s age, the sum assured chosen, etc. After purchasing the policy, tax benefits are also applicable to the plan.
LIC Jeevan Shagun Plan offers you a range of benefits including:
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With 9 years of progressive experience in the insurance industry, including 7 years at Policy X, I have honed my expertise in Life and Health Insurance. My strengths lie in devising customer-centric solutions, streamlining insurance processes, and delivering exceptional service. I have successfully led high-performing teams, excelling in business planning, manpower management, and strategic decision-making.
