CHENNAI DIVISION - I

SALES DEPARTMENT, DIVISIONAL OFFICE, 8
TH
FLOOR, LIC BUILDING, ANNASALAI, CHENNAI – 600 002.
Email – id : sales.chennai-do1@licindia.com

LIC’s JEEVAN RAKSHAK (Plan 827) (UIN: 512N289V01)

Regular Premium Paying Conventional with Profit Endowment Assurance Plan available
only to Standard Lives without Medical Examination.

Maturity Benefit: Sum Assured + Loyalty Addition (if any) will be paid to the Life Assured.

Death Benefit:
SUM ASSURED on DEATH will be paid to the Nominee. Loyalty Addition (if any) will also be
paid if death occurs after completion of 5
th
Policy Year.
Sum Assured on DEATH is HIGHER of Basic Sum Assured or 10 Times of Annualised
Premium or 105% of Total Premium paid this policy on date of Death. Premium is excluding
Taxes, Extra Premiums & Rider Premium

Accident Benefit Rider: Only Optional Accident Benefit Rider is available. (Max 50 Lac).
Accidental Death/Disability Benefit Rider not applicable. (Rs 0.50 / ‘000 SA. Re 1/’000 SA for
Police & other forces)
Loan: Available after payment of premium for 3 full years.
Surrender: Policy can be surrendered any time during the Policy Term provided 3 Full Years
Premium has been paid.

Eligibility Conditions:
Minimum Maximum
Age at Entry 8 Years (Completed) 55 Years (Nearer Birth Day)
Term of the Policy 10 Years 20 Years
Maximum Maturity Age 70 Years
Mode of Premium Yearly / Half Yearly / Quarterly / ECS / SSS
Sum Assured 75,000 2,00,000
Multiples of 5000
Mode Rebate : Yearly : 2% of Tabular Premium. Half Yearly : 1% of Tabular Premium
HIGH BASIC SUM ASSURED Rebate:
BASIC Sum Assured (SA) Rebate (Rs)
75,000 to 1,45,000 -Nil-
1,50,000 to 2,00,000 Rs 1.50 / ‘000 BSA

Revival : Lapsed Policy can be revived within 2 Years from the Date of Lapse.
Income Tax / Service Tax: As per Rules.
Nomination / Assignment : Allowed.
PROPOSAL FORM : Special Proposal Form.
Disclosure: At the time of Sale, a client specific Benefit Illustration shall be provided to the
policy holder. Such Benefit Illustration shall be signed by both the prospective policy holder and
the intermediary and shall form part of the policy document.
Plan Launches on
19-08-2014
Agents Training Material Insurance is the Subject Matter of Solicitation

Sign up to vote on this title
UsefulNot useful