LIC Jeevan Bharti Plan Details, Jeevan Bharti Women LIC Policy, Jeevan Bharti LIC Policy Details, Jeevan Bharti LIC Table no. 160:
The Life Insurance Corporation of India (LIC) has introduced a policy exclusively for women as this plan specially cater to the needs of women. Jeevan Bharti is the only women specific policy in the country till now. It is a fixed term money back plan in which the entire policy term is of 15-20 years. Jeevan Bharti policy provides a number of benefits some of which are women specific as critical illness benefit, Childbirth complications, congenital disability benefit and accident benefit etc.
Features of Jeevan Bharti LIC Policy:
Some special features are as:
- This policy is specially meant for women.
- It is a money back plan with Reversionary bonus which is convertible to annuity.
- 20% of the sum assured is received as survival benefit every 5 years.
- At the end of the policy term maturity benefit received which actually includes the remaining sum assured along with accrued bonuses.
- This plan provides high sum assured rebate.
- Premium is to be paid for the entire policy term but there is an option of premium holiday for 3 years after if you have continuously paid premiums for atleast 2 years.
- There is also an option of paying the advance premium or to pay the premium in installments. Rebate is also provided in case you pay advance premium.
- It allows you to customize your survival benefits as per your needs. If the survival benefits are withdrawn later then the interest would also be paid for that particular period.
Benefits of Jeevan Bharti LIC Policy:
It comes with three in-built riders which means you do not need to pay additional premium for them. The benefits of this policy has been mentioned below:
- Critical Illness Rider: In case you develop some critical illness like breast cancer, cervical cancer and vulvar cancer you are ensured to be paid the benefit equal to the sum assured which includes a minimum of Rs. 50000 and a maximum of Rs. 500000.There will be a waiting period of 6 months to avail this benefit but if you are diagnosed to be suffering from any of these diseases after this period then you will be given the sum assured immediately.
- Congenital Disabilities Benefit Rider: It ensures the payment of 50% of assured sum if the assured woman gives birth to a child with specified congenital diseases like Down’s syndrome, Tetralogy of fallot, Anal Atresia, Imperforate anus, etc. This benefit can be availed only up to age of 40 years and for a maximum of two children.The maximum payable amount under this cover is 5 lakhs.
- Accident Benefit Rider: It is payable upon death or total and permanent disability due to accident during the policy term. To adopt Jeevan Bharti policy you must have completed at least 18 years of age and maximum age for adoption of this plan is 55 years. The policy gets matured at the age of 70 years maximum. You can adopt this policy for either 15 or 20 years. Sum assured shall be a multiple of 5000 with a minimum of 50,000.
This policy provides financial protection to women and allows them to avail the benefits in their hard times. I highly recommend that each and every girl should take such policies to secure their future. The policy can be taken by parents on behalf of their daughter. So hurry up, go and get your daughter insured by gifting this policy to her.