Keeping in view the safety of its customers, LIC has given relaxations in v...
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.
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