LIC Launches Jeevan Azad Policy : This Policy of LIC Made a Splash in the Country, More Than 50K Policies Were Sold in 15 Days..
Life Insurance Corporation of India Introduced a New Plan / Policy Lic’s Jeevan Azad Policy. This is a Non-participating, Individual, Savings Life Insurance Plan Which Offers a Combination of Protection OR Savings. This is a Limited Premium PAY Endowment Plan Providing Financial Support for the Family in Case of Unfortunate Death of the Life Assured During the Policy Term & Also Takes Care of Liquidity Needs Through Loan Facility. It Also Provides 100% Guaranteed Lump-sum Pay Amount to the Surviving Life Assured on the Date of Maturity.
LIC Jeevan Azad Plan is a Non-participating, Individual Saving Endowment Plan. In This, the Maturity or Death Claim Received by the Investor is Already Fixed. The Premium Has to Be Paid for a Period of Minus 8 Years. You Will Have to Pay the Premium for 8 Years Less Than the Number of Years You Have Taken the Policy.
LIC Jeevan Azad Plan : Indian Citizen
LIC Jeevan Azad Policy is Getting Great Response Among the Indian People. This Scheme (Policy) Was Launched in January 2023. The Minimum Sum Assured of This Policy is Rs 2 Lakh or It Can Easily Be Bought by Any Indian Citizen.
The LIC Jeevan Azad Plan of the Country's Biggest Government Insurance Company : (LIC) Life Insurance Corporation of India, Has Received a Best Response. LIC Has Sold 50,000 Jeevan Azad Policies in 10-15 Days After Launch. LIC Chairman Mr. Kumar Has Given Good Information About This During the Virtual Press Meet. Jeevan Azad Policy is a Non-Participating Insurance Scheme. LIC Launched It in January 2023. LIC Runs Schemes for People of All Ages. Lakhs of People of the India Have Invested in All the Schemes of LIC Jeevan Azad Plan.
LIC Jeevan Azad Calculator : Will Get Guaranteed Good Return
The Premium Paying Term in LIC Jeevan Azad Plan Scheme is Minus 8 Years. For Example, if an Investor Opts for a Policy Term of 18 Years, Then the Individual Has to Pay Premiums for 10 Years (18-8) Only. The LIC Jeevan Azad Policy Guarantees to Pay a Lump Sum Amount on Maturity. The Minimum Sum Assured in This Policy is Rs 2 Lakh or the Maximum Sum Assured is Rs 5 Lakh. LIC Jeevan Azad Policy Can Be Taken for 15 to 20 Years.
Suppose a 30 Years Old Person Takes LIC Jeevan Azad Scheme for 18 Years. He Deposits Rs 12,038 for 10 Years for a Sum Assured of Rs 2 Lakh. In Case of Death of a Policy-Holder, The 'Basic Sum Assured' and 7 Times of the Annualized Premium Chosen at the Time of Taking the Plan / Policy Will Be Paid to the Nominee. However, the Terms and Conditions for This is That the Total Premiums Paid Till the Date of Death Should Not Be Less Than 105 Percent.
A Person in the Age Group of Ninety Days to Fifty Years Can Invest in This Scheme. The Policyholder Taking This Scheme of LIC Can Pay Amount the Premium on Yearly, Half-Yearly, Quarterly or Monthly Basis. Policy Holders Get Guaranteed Returns on Completion of Maturity.
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