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Types of Protect Life Plans offered at LIC India

Jeevan Amar

The plan is ideal for people looking for exhaustive but financial support for their family in the event of the insured’s unfortunate demise within the policy tenure .

  • 2 Options to choose the life cover

  • Level sum assured

  • Increasing sum assured

  • LIfe insurance available till the age of 80

  • Flexibility in choosing the death benefit payout

           In lump sum

           In installments over 5,10 or 15 years

  •  Flexibility to choose how long to pay premiums

           Single premium
           Regular Premium
           Limited Premium

  • Accident Death Benefit rider is available

  • Lower premium rates for non-smokers

  • Lower premium rates for women

  • Tax Benefits

Saral Jeevan Bima

Saral Jeevan Bima plan is a pure form of term insurance, and it provides the policyholder with life coverage against a fixed premium. The Saral Bima Yojana individual policy is great for the financial security of your loved ones.

  • Financial Security for Family

The death benefit is payable to the policy nominee in case of your unfortunate demise during the plan tenure.

  •  Flexibility to Choose Policy Term

It is easy to choose a policy term of 5 to 40 years as per the corresponding premium payment tenure.

You can buy this simple term plan irrespective of restrictions of education and occupation.

  •  Least Restrictions to Get Life Coverage

  • Affordable long term coverage

  • Get life insurance covers up to Rs.25 lakh at affordable rates

  •  Tax Savings

The premium you pay to keep this plan in force is eligible for tax deductions as per prevailing tax laws.

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