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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