Are you in search of a brilliant life insurance plan that combines the security of term assurance with the added benefit of a return of premium at maturity? Look no further! LIC’s Jeevan Kiran Plan (No. 870) is here to illuminate your life with comprehensive coverage and a rewarding feature that sets it apart from traditional plans.
Term plans are crucial for financial security, offering cost-effective life coverage to protect loved ones in case of the policyholder’s untimely demise. They provide a lump sum payout that helps cover debts, maintain living standards, and fulfill life goals, ensuring a stable future for beneficiaries. With term plans, peace of mind comes from knowing that family members are shielded from financial burdens during challenging times, making them an essential component of a well-rounded financial strategy.
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LIC's Jeevan Kiran - Eligibility conditions and restrictions
|Age at entry||18 Years||65 Years|
|Age at maturity||28 Years||80 Years|
|Policy Term||10 Years||40 Years|
|Basic Sum Assured||15 Lakh||No limit*|
Empowering Your Future: Key Benefits of LIC's Jeevan Kiran Plan (No. 870)
In this blog post, we’ll dive into the exciting features and unparalleled advantages of LIC’s Jeevan Kiran Plan, a carefully crafted life insurance policy designed to meet the evolving needs of modern individuals and families. Whether you’re just starting your journey towards financial planning or looking to enhance your existing insurance portfolio, Jeevan Kiran has something special for everyone.
The maturity benefit of LIC’s Jeevan Kiran Plan (No. 870) rewards the policyholder with the total premium paid, excluding taxes and rider premium, if any, upon surviving the date of maturity. This ensures complete financial security and acknowledges the policyholder’s commitment to the plan, allowing them to utilize the accumulated amount for their long-term aspirations or further investment opportunities.
The death benefit of LIC’s Jeevan Kiran Plan (No. 870) ensures financial protection for beneficiaries in case of the policyholder’s untimely demise, encompassing both regular premium and single premium policies.
For regular premium policies, the sum assured on death is calculated as the higher of 7 times the annual premium, 105% of total premiums paid up to the date of death, or the basic sum assured. Meanwhile, for single premium policies, the sum assured on death is the higher of 125% of the single premium or the basic sum assured. This guarantees a significant payout to support beneficiaries during challenging times, covering immediate expenses and maintaining their financial stability. Jeevan Kiran Plan provides assurance and peace of mind, knowing that loved ones will be well taken care of in the face of uncertainties.
Enhancing Your Protection: Comprehensive Rider Benefits of Jeevan Kiran Plan
The rider benefits of an insurance plan provide additional and specialized coverage, enhancing the policy’s overall protection to suit individual needs and circumstances.
Accidental Death and Disability Benefit Rider
The accidental death and disability rider of LIC’s Jeevan Kiran Plan (No. 870) offers an additional layer of financial security to policyholders and their families. In the unfortunate event of the policyholder’s death due to an accident, an amount equal to the accidental benefit sum assured is provided as a payout, ensuring that the family’s immediate financial needs are met during such a difficult time.
However, it is important to note that in case of permanent disability resulting from an accident, the rider provides an amount equal to the accident benefit sum assured, in equal monthly instalments spread over a period of 10 years.
This crucial rider ensures that the policyholder and their loved ones are protected against the unforeseen consequences of accidents, providing a sense of relief and stability during challenging circumstances.
Accidental Death Benefit rider
The accidental death benefit rider, an optional add-on to LIC’s Jeevan Kiran Plan (No. 870), ensures an extra payout equal to the accidental death sum assured in case of accidental death, enhancing the policyholder’s coverage and offering additional financial security to their family.
Maximize Your Benefits: High Sum Assured Rebates of Jeevan Kiran Plan (No. 870)
|High Sum Assured Rebate - Jeevan Kiran Regular Premium Plan|
|Age Band||High Basic sum assured rebate as a % of Tabular premium for different Basic Sum Assured|
|Less than 50 lakhs||50 lakhs to less than 1 crore||1 Crore to less than 2 crore||2 crore to less than 5 crore||Rs 5 crore and above|
|up to 30 Years||Nil||24%||32%||43%||50%|
|31 to 50 Years||Nil||12%||17%||25%||30%|
|51 Years and above||Nil||9%||13%||18%||20%|
|High Sum Assured Rebate - Jeevan Kiran Single Premium Plan|
|Up to 30 Years||Nil||20%||28%||35%||40%|
|31 to 50 Years||Nil||10%||15%||20%||24%|
|51 years and above||Nil||8%||12%||15%||18%|
In conclusion, LIC’s Jeevan Kiran Plan (No. 870) emerges as a beacon of financial security, catering to the diverse needs of individuals and families alike. With its flexible premium options, policy terms, and substantial life coverage, the plan paves the way for a stable and prosperous future.
The unique maturity benefit, which returns the total premium paid (excluding taxes and rider premiums) upon survival, reaffirms LIC’s commitment to rewarding policyholders’ dedication.
Furthermore, the optional accidental death and disability rider offers an added layer of protection, providing crucial financial support in the face of unforeseen accidents. Additionally, the high sum assured rebates encourage policyholders to opt for comprehensive coverage, aligning perfectly with their age and insurance needs. By offering the freedom to tailor the plan to individual requirements, Jeevan Kiran stands out as a top choice for creating a robust financial safety net.
Embrace LIC’s Jeevan Kiran Plan today and embark on a journey towards securing a brighter and more prosperous tomorrow for yourself and your loved ones.