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  • pradeepbhatia.life@gmail.com
  • LIC Jeevan Azad is a limited-period payment endowment plan that provides financial support for the family in case of unfortunate death of the life assured during the policy term. The plan also takes care of the liquidity need through a loan facility. It also provides a guaranteed lump sum amount to the surviving life assured on the date of maturity.

    No Medical is required upto 3 Lakhs Sum Assured

    Medical is not required upto 3 Lakhs Sum Assured. Medical is required for Sum Assured More than 3,25,000.


    Limited Premium Paying Term

    Premium Paying Term shall be 8 Years less than the Selected Policy Term.


    Maturity is Guaranteed

    Sum Assured shall be payable as Maturity.


    Advantages

    Avail Tax Benefit on premium paid
    Loan Facility is available after 2 years
    Eligibility Criteria

     MinimumMaximum
    Age at Entry90 Days (Completed)50 Years
    Term15 Years to 20 Years
    Premium Paying TermPolicy Term - 8 Years
    Sum Assured2 Lakhs5 Lakhs


    Premium Modes
    Yearly, Half-Yearly, Quarterly and Monthly (NACH only) or through salary deductions (SSS).

    Riders Available
    LIC's Accidental Death and Disability Benefit Rider
    LIC's Accident Benefir Rider
    LIC's Premium Waiver Benefit

    Loan Facility
    Loan facility is available after 2 years from completion of the policy.

    Maturity Benefit
    Sum Assured is payable on Maturity.

    Death Benefit
    The death benefit is payable on the death of the life assured during the policy term after the date of commencement of risk and before the date of maturity.
    The death benefit shall be “Sum Assured on Death” where “Sum assured on Death” is defined as higher of ‘Basic Sum Assured’ or '7 times of Annualized Premium’.
    The Death Benefit shall not be less than 105% of ’Total Premiums Paid’ up to the date of death.


    Settlement Option is also available on Maturity & Death Benefits.

    Tax Benefit
    You can avail Tax Benefits under Section 80C of the Income Tax Act 1961.