LICs new guaranteed plan does not ask for any medical checkup

Last Updated: Oct 29, 2014 | 4,398 Views

Life Insurance Corporation of India has just launched a new plan called LIC's Jeevan Rakshak Plan. This is a guaranteed return plan which offers a combination of protection and savings. The key highlight of this plan is that you don’t need to undergo any medical examination before buying the policy.

LIC Jeevan Rakshak is a participating non-linked plan which is aim to provide financial support to the policyholder’s family in case of unfortunate death of the policyholder. The policy also offers a lump sum amount at the time of maturity for the surviving policyholder.

The policy offers additional benefits such as Accident Benefit Rider and Loan facility. Anyone who is between 8 years and 55 years of age can buy the policy. The only limitation is that the maximum sum assured under this plan is Rs. 2 lakhs.

Click here to read full details of LIC Jeevan Rakshak >>