There are a number of life insurance plans available in India. Different insurance providers offer different plans to cater to the various needs of the customers. But, when it comes to women specific life insurance plans, options are very few. LIC’s Jeevan Bharati (table no. 160) is a money back Insurance Policy that is specially designed to meet various financial needs of a woman. It not only offers comprehensive life coverage, the LIC plan also encourages women to save money for future financial security.Read more
Like any other life insurance plan, there are certain eligibility criteria that an insurance seeker must fulfil in order to buy this LIC plan. To purchase Jeevan Bharati Insurance Policy, one must be of at least 18 years of age. But anybody above the age of 55 years is no longer eligible to buy this plan. The maximum age for policy maturity is 70 years. You can purchase this policy for either 15 years or 20 years. The sum assured amount shall be a multiple of 5,000 with a minimum of Rs. 50,000/- .
Following are the guaranteed benefits of LIC’s Jeevan Bharti Insurance Policy
Apart from the benefits mentioned above, the policy comes with three in-built riders. The policyholder does not need to pay additional premium to avail these riders. The three in-built add-on benefits of this plan are as follows:
Jeevan Bharati Insurance Policy can be taken by parents on behalf of their daughter. This is probably the best gift that parents can give to their daughters and make their future financially secure.
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*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
+Returns Since Inception of LIC Growth Fund
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