Jeevan Azad News Today

Insurance behemoth Life Insurance Corporation of India (LIC) has launched many attractive insurance products in the year 2023. Here is a list of LIC products that were launched this year.

Under the policy, policyholders will get back the total premium, if they survive the term, they paid under the policy not including any extra premium, rider premium or taxes paid.

Life Insurance Corporations Jeevan Azad is a non-linked, non-participating, individual, savings life insurance plan.

LIC Jeevan Saral is a flexible, non-linked life insurance policy. It provides bonuses, tax advantages, and death and maturity benefits.

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Maturity proceeds of endowment plans with aggregate annual premiums of less than Rs. 5 lakh are tax-free, but returns of 4-6 percent per annum, a long lock-in period and recurring premium commitments blunt the tax edge over debt mutual funds

LICs Jeevan Azad Policy sees 50k sales in 10-15 days. Non-participating savings plan with premium pay term 8 years less than policy term.

NL CORRESSPONDENT Mumbai: Life Insurance Corporation of India introduced a new plan LIC’s Jeevan Azad. This is a Non-Participating, Individual, Savings Life Insurance Plan which offers an attractive combination of protection and savings. This is a Limited Premium Payment Endowment Plan which provides financial support for the family in case of unfortunate death of the

Under the LIC Jeevan Azad Plan, the lowest basic sum assured is Rs. 2 lakh, while the highest basic sum assured is Rs. 5 lakh.

LIC launches New Jeevan Azad scheme