India's 1st IRDAI Approved Insurance Web Aggregator

LIC New Janaraksha Plan

  •  views
  •  views
This plan has been withdrawn by the insurance company and is no longer available for sale.

LIC New Janaraksha Plan

LIC New Janaraksha Plan is a simple endowment policy with bonus facility. The Sum Assured along with accrued Bonus is payable on the Policy Maturity or on earlier death. This plan provides for inbuilt accidental death benefit.  


Key Features of LIC New Janaraksha Plan

  • This plan an endowment plan with guaranteed returns
  • Sum assured + accrued Bonus paid on Maturity or on earlier Death.
  • The plan is allowed to physically handicapped people
  • Even if the policyholder is not able to pay premiums after paying first 2 years premiums, then the life risk cover continues for 3 more years from unpaid premium. 



Benefits you get from LIC New Janaraksha Plan

Death Benefit – In case of death of the Life Insured, the nominee receives Sum Assured + accrued Bonus in a lumpsum.

Maturity Benefit – At the maturity of the policy, the insured will get Sum Assured + accrued Bonus.

Income Tax Benefit – Premiums paid under life insurance policy are exempted from tax under Section 80 C and maturity proceeds are exempted from tax under Section 10 (10D)

Compare Endowment Plans 


Eligibility conditions and other restrictions in LIC New Janaraksha Plan





Sum Assured (in Rs.)



Policy Term (in years)



Premium Payment Term (in years)



Entry Age of Policyholder



Age at Maturity



Single Premium (in Rs.)



Payment modes

Yearly, Half-yearly, Quarterly, Monthly and SSS


Sample illustration of premium of LIC New Janaraksha Plan

The below illustration is for a healthy Male (non-tobacco user) opting for a Sum Assured = Rs 1,00,000and Policy Term = 25 years respectively.

LIC New Janaraksha Plan Sample Premium Values


Additional Features and Benefits of LIC New Janaraksha Plan

Riders – There are 1 in-built Additional Riders available:

·         Accidental Death Benefit Rider

What happens if?

You stop paying the premium – If you stop paying the premiums after 3 policy years, the policy acquires a Paid Up Value for a Reduced Sum Assured but the policy would be eligible for any future regular additions.

You want to surrender the policy – There is a Guaranteed Surrender Value after 3 policy years
Guaranteed Surrender Value = 30% of all premiums paid – 1st year’s premium

You want a loan against your policy – Loan facility is available under this policy


Compare Endowment Plans

Leave a Comment

Endowment Plan Calculator
Important: Insurance is the subject matter of solicitation | © 2009-2022