Non-Linked, Non-Participating, Individual, Savings Life Insurance Plan
The essentials
LIC’s Jeevan Azad is a Non-Participating, Non-Linked, Individual Savings Life Insurance Plan that combines financial protection with guaranteed savings. It is a Limited Premium Payment Endowment Plan, allowing policyholders to pay premiums for a shorter duration while enjoying protection throughout the selected policy term.
The plan provides financial support to the family in case of the unfortunate death of the Life Assured during the policy term. On survival until maturity, the policyholder receives a guaranteed lump-sum amount equal to the Basic Sum Assured. The plan also offers a loan facility, optional riders and settlement options for eligible benefits.
| Parameter | Details |
|---|---|
| Plan Type | Non-Participating, Non-Linked, Individual Savings Plan |
| Plan Number | 868 |
| Policy Term | 15 to 20 Years |
| Premium Paying Term | Policy Term minus 8 Years |
| Minimum Basic Sum Assured | 2,00,000 |
| Maximum Basic Sum Assured | 5,00,000 |
| Sum Assured Multiples | 25,000 |
Take the first step today. Our IRDAI-certified advisors will guide you through the entire process — from plan selection to policy issuance.