LIC Launches Jeevan Azad Policy : LIC Jeevan Azad Plan

Life Insurance Corporation of India Introduced a New Plan / Policy Lic’s Jeevan Azad Policy. This is a Non-participating, Individual, Savings Life Insurance Plan Which Offers a Combination of Protection OR Savings. This is a Limited Premium PAY Endowment Plan Providing Financial Support for the Family in Case of Unfortunate Death of the Life Assured During the Policy Term & Also Takes Care of Liquidity Needs Through Loan Facility. It Also Provides 100% Guaranteed Lump-sum Pay Amount to the Surviving Life Assured on the Date of Maturity.

LIC Jeevan Azad Plan is a Non-participating, Individual Saving Endowment Plan. In This, the Maturity or Death Claim Received by the Investor is Already Fixed. The Premium Has to Be Paid for a Period of Minus 8 Years. You Will Have to Pay the Premium for 8 Years Less Than the Number of Years You Have Taken the Policy.

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