The plan is no longer active, and therefore, not available for sale.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.
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.
Key Features Of LIC Jeevan Rekha Maturity Calculator
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.
Lic Hub
The LIC of India offers an array of insurance and investment products to cater to the needs of a diverse range of customers. Let us take a look at the various types of plans offered by Life Insurance Corporation of India:
Tax Saving
Investment Plans
Senior Citizens
Kids Plan
Women
LIC for TAX Saving:
Enjoy the dual benefit of tax deductions under Section 80C and comprehensive insurance coverage with LIC’s tax-saving policies.
Explore LIC's top-performing plans, which provide the perfect blend of investment growth and insurance protection to achieve your financial aspirations.
LIC offers plans tailored for women, focusing on their unique needs. These plans include savings, life cover, and financial independence to secure a brighter future.
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
*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
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
++Returns are 10 years returns of Nifty 100 Index benchmark
˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in