It is a best insurance policy for starters with an ideal combination of basic coverage with low premium. It offers guaranteed returns in the form of Guaranteed Sum Assured and Loyalty Additions at the end of term. Policy can be availed with duration of 10 years to 20 years and can be taken any person between the ages of 8 years to 55 years.

Life Coverage plus Savings at Low Cost

It a risk free long term investment plan which ensures regular discipline savings at very low cost. This helps grow your saving over a period of time.

Liquidity in the form of Loan & Surrender

Fulfil financial needs by exercising loan facility on policy immediately after one year. Loan Facility is available at very concessional rate. Even policy can be surrendered if you wish to discontinue the protection.

Low Periodic Premium

It is cheapest life insurance cover plan ideal for all age group without any medical check up. Comparing Premium charged for other policies in Endowment Category, premium for Jeevan Rakshak is low with good returns after completion of Term

Profit Sharing as per Valuation

Every year, LIC declares valuation results.
As per valuation result declared by LIC, profit is being shared among all policyholders as bonus.

Additional Accident Benefit

By paying small extra premium amount, you can secure your life for high insurance protection on natural or accidental death by opting DAB.


Avail Tax benefit on premium paid
Tax Free Maturity Amount
Tension Free Claim Settlement


Entry Age8 Years Completed age55 Years Nearest birthday
Term10 Years20 Years
PPTEqual to Term
Maturity age70 Years Nearest birthday
Sum Assured₹ 75,000/-₹ 2,00,000/-
Mode of PaymentYearly, Half Yearly, Quarterly, Monthly (ECS),SSS

“The total Basic Sum Assured under all policies issued to an individual under this plan shall not exceed ₹ 2 lakh”.

Age at entry for the Policyholder is to be taken as age nearest birthday except for the minimum age at entry i.e. 8 years, where it is in completed years.

DAB Conditions

Minimum Sum Assured :- ₹ 75,000/-

Maximum Sum Assured :- ₹ 1,00,00,000/- not exceed to the basic sum assured

Minimum Entry Age :- 18 years completed

Maximum Entry Age :- 55 years nearest birthday

Maximum Maturity Age :- 70 years nearest birthday

Sum Assured shall be available in multiples of ₹ 5,000/-