About LIC Jeevan Rekha
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.
LIC Jeevan Rekha Maturity 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.
What Is The Eligibility Criteria Of LIC Jeevan Rekha?
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:
Criteria |
Minimum |
Maximum |
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 |