Jeevan Rakshak Policy.

This is a discounted endowment policy launched by LIC of India, Considering the Vision 2020 Slogan, "Life Insurance In Every Pocket".

The benefits are Simple.
Example :

Age 30.
Sum Insured - 2lacs.
Premium - 600 per month. i.e. 7200 per year.
Term For Premium Payment : 20 years.

Benefits after maturity
1. 200000 guaranteed
2. Loyalty addition. i.e. the bonus added.

Mathematical Calculations

Saving 7200 every year for next 20 years.
Total savings = 7200 * 20
                      =   144000

Guaranteed amount 200000. i.e. already more of what we save.
                                                +
                               Loyalty Additional Bonus.

Insurance Benefits
1. Death of the policy holder before completion of 5 years policy term, the nominee will
    get 200000.
2. If the Death is accidental, the nominee will get 400000.
3. After Death of policy holder after completion of 5 years policy term, the nominee will get
    200000 + Bonus.

This is a discounted policy launched by the intention to give insurance to families + savings + Guaranteed long term bonus.

It is highly recommended to buy this plan from your nearest LIC agent.

How can LIC provide such a discounted plan ?
Ans. In this plan the commission of the agent is less. Normally the agent gets 25% of the total premium, but in this plan the commission of LIC agent is less to 15% and renewal commission is also less from 5% to 3%.

NOTE :
1) This plan is for those who are physically fit.
2) One individual can buy only one policy.
3) Maximum Sum Insured in this policy is Upto 2lacs.
4) This policy will be served to those between Age Group of 8 years to 55 years.
5) Any one can buy this policy from small income to high income group.

For more details you are free to contact us on :- +91 8879 228 328