LIC Jeevan Azad is a non-linked, non-participating, individual savings life insurance plan launched by the Life Insurance Corporation of India. It combines life cover with savings benefits, offering both financial protection for your family and a guaranteed lump sum return at the end of the policy term.
On 19 January 2023, the Life Insurance Corporation of India introduced a new program called LIC Jeevan Azad. The plan is intended to provide both protection and financial benefits. In the tragic event that the policyholder passes away, the plan will provide death benefits to the designated beneficiary. On the other hand, the policyholder will receive the maturity benefit if they live to the end of the policy's tenure.
The various benefits of LIC Jeevan Azad are mentioned below -
The additional benefits of LIC Jeevan Azad are mentioned below -
The eligibility criteria for LIC Jeevan Azad are mentioned below -
The policy details of LIC Jeevan Azad are mentioned below -
The minimum sum assured for LIC Jeevan Azad plan is Rs.2 lakhs.
Yes, the policyholder will be able to take a loan against LIC Jeevan Azad plan.
You get a grace time of 15-30 days to make your first premium for LIC Jeevan Azad plan. If you fail to make a payment beyond the grace period, then your plan will be canceled.
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