LIC Jeevan Rakshak Plan

A Regular Premium paying, Non-linked, Conventional with-profits Endowment Assurance plan

Eligibility Conditions & Restrictions

Minimum age:8 years (Completed)
Maximum age:55 years
Maximum maturity age:70 years
Policy Term:10 years to 20 years
Minimum Sum Assured:Rs. 75,000
Maximum Sum Assured:Rs. 2,00,000
Premium payment:Yearly / Half yearly / Quarterly / Monthly (Thru Bank)
Loan:Eligible after 3 years
Surrender:Eligible after 3 years
On Death:Sum Assured + Loyalty Addition (after 5th Policy year) is payable
On Maturity:Sum Assured + Loyalty Addition is payable
Income Tax Benefits:(i) Premiums paid are eligible for Tax rebate u/s 80c
(ii) Maturity amount / Death claim is Non-taxable u/s 10(10d)