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Plan No. 868Endowment
LIC's Jeevan Azad
"Freedom from worries, guaranteed."
A limited premium payment, non-linked, non-participating endowment plan.
Key Features
- ✓Premium paying term is 8 years less than the policy term.
- ✓Guaranteed sum assured on maturity.
Eligibility Criteria
Minimum Age90 Days
Maximum Age50 Years
Minimum Term15 to 20 Years
Maximum Term15 to 20 Years
Min Sum Assured₹ 2,00,000
Max Sum Assured₹ 5,00,000
Plan Benefits
Death Benefit
Basic Sum Assured.
Survival Benefit
N/A
Maturity Benefit
Basic Sum Assured.
Real-World Example
Profile25-Year-Old Female
Sum Assured₹ 5,00,000
Term Details20 Years (Premium Paying Term: 12 Years)
Annual Premium₹ 24,000 / Year
Expected ReturnsGuaranteed ₹ 5,00,000 Maturity
How it Works
A highly predictable micro-savings plan. She pays roughly ₹ 24k/year for just 12 years. At year 20, she receives exactly ₹ 5,00,000. No market fluctuation risks.