Lic Jeevan Rakshak plan is non-linked and a regular premium payment plan which offers you benefits without any medical exam and is provided to standard human being. 2 lacs is the limited amount of total sum assured from all the policies which are issued to a policyholder.

Min Basic Amount Assured: Rs 75,000

Max Basic Amount Assured: 2,00,000

Min Policy Time: 10 Years

Max Policy Time: 20 Years

Min Entry Age: 8 Years

Max Entry Age: 55 Years

Max Age at Maturity for Life Assured: 70 years

Premium Payment Mode: Monthly, Quarterly, Half-yearly, Yearly

The benefit of Accidental Death and Disability Rider is applicable on payment of additional premium.

Min entry age for the rider: 18 years

Min accident benefit sum assured: Rs 10,000

Max accident benefit sum assured: Rs 1 crore


1 Survival Benefit: Basic Sum Assured + loyalty addition

2 Death Benefit: before completion of 5th policy year: sum assured

   After completion of 5th policy year: Sum Assured + loyalty addition if any

Sum Assured is higher of 10 times of Annualized Premium or 105% of all Premiums paid on death.

3 Surrendered Value Benefit: the Policyholder can surrender his policy at any time during his policy term but the condition is that first three full years premium is paid.

4 Loan Benefit: After payment of premium for three full years than you can use loan facility.

5 Income Tax Benefit: Tax Rebate is available when you pay the premium under this plan section is 80c and under sec10(10D) maturity is free for this plan.