The plan is no longer active, and therefore, not available for sale. LIC Jeevan Rekha is a money-back insurance product offering that offers a periodic payout every 5 years throughout the policyholder’s life. In addition to these survival benefits, this plan offers guaranteed death benefit to the nominees of the policy on the death of the life assured. This gives the needed financial security to the policyholder in his/her presence as well as in their absence.Read more
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Guaranteed maturity with life
cover for securing family's future
Tax saving under Sec 80C &
Sovereign guarantee as per
Sec 37 of LIC Act
The money-back nature of the LIC Jeevan Rekha policy ensures guaranteed returns equal to 10% of the sum assured every 5 years till the death of the policyholder. In addition, its whole insurance component makes sure the life assured is covered throughout his/her lifetime. Notably, the policy comes with surrender benefits equal to 30% of the basic premiums paid should the policyholder choose to surrender the policy. This is only applicable if the policy has been in force for a minimum of 3 years.
In order to understand the amount of maturity benefit that you will be entitled to, you can use the LIC policy calculator.
The calculator is an online tool that has enabled users to make crucial decisions regarding the premiums and the benefits before purchasing a plan. The maturity calculator for LIC Jeevan Rekha helps in estimating the returns that a policyholder is entitled to should he/she decide to purchase the policy. This aids in the financial decision making of the family and accounts for other expenses. The Jeevan Rekha maturity calculator can be found on LIC’s official website or its mobile application.
The results offered by the tool are accurate given that each user inputs data as per their requirements. This guarantees a personalized approach as per one’s needs.
You can see the variations in the maturity benefit amount and the premiums if you add riders to the base plan. The tool will reflect the change and you can decide if adding a rider fits in your budget or not.
The tool takes into consideration the age of the policyholder, the policy term, sum assured on maturity and death, premium payment options to offer the most accurate estimates.
The tool also eliminates any miscommunication that could happen while talking to an agent.
The results are instant and the tool can be accessed from the comfort of your home.
If you feel like the maturity benefit or returns are not as per your expectations, you have the option to tweak the inputs to arrive at your desired coverage.
Using the LIC Jeevan Rekha maturity calculator requires one to fill certain criteria for it to accurately calculate the maturity benefits. This can be done properly if you know the eligibility criteria, described below:
|Entry Age||13 years||65 years|
|Premium Paying Term||Single or Limited (5, 10, 15, 20, or 25 years) or Lifetime|
|Sum Assured||Rs. 2 Lakhs||No limit|
|Accident Rider Sum Assured||Maximum - Rs. 10 Lakhs|
|Survival Benefit||10% of sum assured every 5 years till death|