• LIC Jeevan Aadhar Plan

    Life Insurance
    • Premiums as low as Rs.17/day for sum assured of Rs.1 crore*
    • Claim up to Rs. 1,50,000 deduction under section 80C**
    • Choose between annual and monthly premium payment options

    The Jeevan Aadhar Plan from Life Insurance Corporation of India (LIC) is specifically catered towards individuals who have a handicapped dependent. The benefits payable as per this policy will be paid partly as annuity and partly as a lump sum payment to the handicapped dependent. Optional add-ons or benefits can be purchased by the policyholder for an additional premium. The policyholder is also entitled to receive tax benefits under Section 80DDA of the Income Tax Act.

    Sum Assured and Premium Range - What you get and what it costs?

    Sum Assured

    The sum assured is a certain amount of money that the policyholder is entitled to receive as the payout, before the addition of any bonuses. This is what is guaranteed by the insurer. Thus, you will have to carefully consider your financial liabilities and future goals when opting for the sum assured amount.


    The policyholder has to pay a certain amount of money called the premium, as per the premium payment term, to the insurer, upon purchasing the policy.

    Policy Tenure As per the policy brochure
    Premium Payment Mode
    • Annual
    • Bi-Annual
    • Quarterly
    • Monthly
    • Salary Deductions
    • Single Premium
    Premium Payment Term 10, 15, 20, 25, 30, or 35 years

    *Premiums vary based on age, location, plan term, and other factors.

    Plan Coverage - What the LIC Jeevan Aadhar Plan covers?

    Death Benefit
    • If the policyholder passes away during the policy tenure, the sum assured, terminal additions, and guaranteed additions will be paid by the insurer. 20% of this amount will be paid as a lump sum amount and the balance will be paid as annuity for 15 years and for life thereafter.
    • If the handicapped dependent passes away during the premium payment term, the life assured can either continue the policy for a paid-up (reduced) sum assured or have the premiums paid refunded.
    Maturity Benefit No maturity benefit is payable under this plan.

    Riders/Add-On Plans – Additional coverage under the LIC Jeevan Aadhar Plan

    The insurer offers certain riders or add-ons that can provide additional benefits and an enhanced coverage. These add-ons can be purchased for an additional premium.

    Other Key Features of the LIC Jeevan Aadhar Plan

    Surrender Value This policy cannot be surrendered, since it is designed to provide benefits to the policyholder’s handicapped dependent.
    Guaranteed Additions Guaranteed Additions at the rate of Rs.100 per thousand of the sum assured amount are provided for each policy. These Guaranteed Additions will continue to accrue till the life assured attains the age of 65 years or till his/her death, based on whichever happens earlier.
    Terminal Additions Since this is a “with-profits” plan, the policy will receive Terminal Additions, after 10 policy years.

    Tax Benefits – How you can save with the LIC Jeevan Aadhar Plan?

    Policyholders can avail tax benefits for premiums paid during the policy term under Section 80DDA of the Income Tax Act, 1961. Thus, by purchasing this policy, the policyholder can also save on tax.

    Other Features of LIC

    • Phone Helpline: Customers can contact the insurer on any one of the numbers listed on the insurer’s website, as per one’s Customer Zone, in case the need arises. Phone calls can be made any day between Monday to Saturday, for information, assistance, or to know about the services provided by LIC.
    • Premium Calculator: Premium quotes for various policies can be calculated online through LIC’s website. The customer has to select the plan that he/she intends to purchase and key-in certain information.
    • Online Loan: Loan repayment or repayment of interest can be done through the Customer Portal, if one is a registered user. Policyholders can also apply for loans online, through the insurer’s website.
    • Online Application: If you are interested in purchasing any policy offered by LIC, you can start the application process through LIC’s website. An insurance representative will contact you via the contact details you provide while applying for the policy.

    Why you should buy the Jeevan Aadhar Plan from Life Insurance Corporation of India (LIC)?

    The Jeevan Aadhar Plan from LIC is a whole life insurance plan that will enable the policyholder to provide financial security to his/her disabled dependent, thus ensuring that they have the means to live their life comfortably, regardless of what may happen in the future. Further, since this policy participates in profits/bonuses declared by the insurer, one is likely to receive a higher payout.

    LIC has been one of the most preferred insurance providers in the country, since their nationalisation in 1956. With over 6 decades of experience in the life insurance sector, the insurer is known for their superior services and has won a number of awards for the same. LIC has reported a high claims settlement ratio of 98.31% and a grievances solved ratio of 100% for FY16-17. LIC also offers a range of plans and schemes that help them meet the varying needs of the public.

    Note: This policy has been withdrawn by LIC.

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