Jeevan Azad

Eligibility Criteria

	Minimum	Maximum
Age at Entry	30 Days (Completed)	50 Years
Term	15 Years to 20 Years
Premium Paying Term	Policy Term - 8 Years
Sum Assured	2 Lakhs	5 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 completion first policy year provided one full year premium has been paid.

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.

No Medical is required upto 3 Lakhs Sum Assured

Limited Premium Paying Term

Maturity is Guaranteed

Advantages

Avail Tax Benefit on premium paid

Loan Facility is available after completion of first year