LIC Jeevan Azad
A non-participating, limited premium, individual savings life insurance plan from LIC of India.
Overview
LIC Jeevan Azad is a non-participating endowment-type savings plan from LIC of India. Sum assured limits, premium paying term and benefit conditions are as defined in the official LIC brochure.
Key features
- Life cover combined with a savings element
- Maturity benefit payable as per the official policy conditions
- Premium and benefit details defined in the official LIC brochure
Eligibility
- Entry age, maturity age, minimum and maximum sum assured and policy term limits are prescribed by LIC in the official brochure
- Eligibility is subject to underwriting and the insurer's current rules
- Speak to the advisor for a personalised eligibility check
Benefits
- Death benefit as defined in the official policy conditions
- Maturity or survival benefit where applicable to this plan type
- Tax treatment depends on prevailing law and individual circumstances — confirm independently
Policy term & premium payment
- Policy term
- As specified in the official LIC brochure
- Premium frequency
- Yearly / Half-yearly / Quarterly / Monthly (as permitted by LIC)
Who may consider this plan
People who want a straightforward savings plan with fixed benefits as defined in the brochure.
Important notes
Non-participating plans do not include bonus. Confirm all details from the official LIC brochure.
This page describes the plan type as published by LIC of India and does not reproduce or estimate premium rates, bonus rates, returns or guarantees. Refer to the official LIC brochure and policy document before purchase. Official source: LIC of India. Verification against the official brochure is carried out by the advisor at the time of enquiry.