LIC has a new plan for you called Jeevan Kiran (Plan No. 870). It’s a simple savings plan that also gives you life insurance. With Jeevan Kiran, you can save money and make sure your family has money if something happens to you. UIN: 512N353V01
Overview
With LIC’s Jeevan Kiran, you can make sure your family has money if something bad happens to you. If you pass away while the plan is still going on, they will get money to help them.
If you stay alive until the end of the plan, you get back all the money you paid. This is a special thing about Jeevan Kiran (Plan No. 870). It helps you save money and also protects your family.
Key Features
- Two Good Things: Jeevan Kiran gives money to your family if something happens to you. It also helps you save money for the future.
- You Can Choose: You can make the plan work well for you. You can pay one time or many times. You can pick how long the plan lasts. You can also get the money in parts.
- Extra Help: You can add more to your LIC plan. This gives even more money if you have an accident.
- Money Back Promise: If you need money fast, you can stop your Jeevan Kiran policy. You will get back some of the money you paid if you follow the rules.
- Pay Less Tax: The money you pay for Jeevan Kiran can help you pay less tax. This is because of a special law.
Eligibility
People who are between 18 and 65 years old can get LIC’s Jeevan Kiran Plan. The plan can last for 10 to 40 years. You need to choose at least Rs. 15,00,000 to make sure your family gets enough money.
| Rule | Details |
|---|---|
| Youngest Age | 18 years |
| Oldest Age | 65 years |
| Plan Time | 10 to 40 years |
| Ways to Pay | Pay Regular or Pay Once |
| Least Amount | Rs. 15,00,000 |
Benefits
With Jeevan Kiran, you get rewarded for saving money. If you stay alive until the end of the plan, you get back all the money you paid. This is called the “Sum Assured on Maturity.” Every rupee you put in comes back to you. This shows that Jeevan Kiran (Plan No. 870) helps you save.
If something sad happens and you pass away while the LIC plan is still going on, your family gets a lot of money. This is called the “Sum Assured on Death.” It is the biggest of three amounts – 7 times the money you pay each year, 105% of all the money you paid, or the basic sum you chose when you started.
Jeevan Kiran lets you choose how to get the money. You can get the money from maturity or death in small parts over 5 years. This helps you use the money in a way that works best for you and your goals.
Riders
You can make your LIC insurance even better with Jeevan Kiran. If you pay a bit more money, you can get these extra helpers called riders. They give you more protection in case of accidents or other bad things:
- LIC‘s Accidental Death and Disability Benefit Rider (UIN: 512B209V02)
- LIC‘s Accident Benefit Rider (UIN: 512B203V03)
To get these riders, you need to follow some rules. You need to be the right age, pay the right amount of money, and remember when the rider ends. If you want to know more, you can talk to someone from LIC or go to
FAQs
How can I pay for Jeevan Kiran?
With Jeevan Kiran, you can choose to pay just one time or pay many times. If you want to pay many times, you can pay once a year or twice a year. This lets you pick what works best for your money plans.
Can I get a loan with this plan?
No, you can’t get a loan with Jeevan Kiran. But it gives your family money if something happens to you. It also helps you save money for the future. The plan focuses on these things instead of loans.
What is the least amount of money I can pay for this plan?
LIC wants many people to be able to get Jeevan Kiran. If you pay many times, the least you can pay is Rs. 3,000. If you pay just once, the least is Rs. 30,000. This means you can start saving with an amount that is easy for you.
Can I stop my Jeevan Kiran policy?
LIC knows that sometimes things change and you might need your money for something else. If you paid just one time, you can stop your policy anytime. If you pay many times, you can stop after you pay for 2 full years. This gives you choices but also makes sure the plan can keep going for a long time.