LIC’s Specialized Insurance Plan For Women’s Financial Safety And Well-Being News24 –
LIC’s ‘Jeevan Bharati’ insurance product which serves as a specialized policy program dedicated to female buyers. The policy directs its focus toward women because of their active participation in both careers and home responsibilities to urge them toward saving for safety measures and security needs.
Key Features Of ‘Jeevan Bharati’
Every time policyholders receive predetermined portions of their sum assured they have the choice to withdraw those funds right away or to hold onto them for further gain opportunities.
The minimum yearly benefit addition amounts to Rs. 50 per thousand sum assured for the initial five policy years followed by participation in LIC’s profit sharing.
Under this policy’s provisions the coverage duration stays active for a restricted time span during premium nonpayment intervals.
Critical Illness & Congenital Disability Benefits: Optional coverage for specified critical illnesses and congenital disabilities in children.
Eligibility & Benefits
The New Bima Guru policy extends its coverage to physically disabled women subject to specific conditions among all women in the age range from 18 to 50 years.
The plan offers
Survival Benefits: Periodic payouts at 5, 10, 15, and 20 years for a 20-year term or 5, 10, and 15 years for a 15-year term.
The full sum assured combined with bonus payment will be given out as a death benefit regardless of any survival benefits which have already been provided.
Accident Benefit: Additional coverage up to ₹25 lakh for accidents with a nominal extra premium.
Special Features
After the benefit’s due date policyholders can encase their survival benefits through Flexible Encashment benefits yet they must pay an additional fee for late encashment.
The premium flexibility option enables customers to make advance payments that earn rebates.
The maturity benefit can be received as annuity payments by policyholders through the Maturity Payout Option.
Insured persons with two years of continuous premium payments qualify for a free three-year coverage of the entire sum assured beyond premium paybacks.
Optional Riders
The FCI Policy offers specific tumor protection for ladies which provides maximum coverage of ₹200000.
The CDB (Congenital Disabilities Benefit) Rider provides policyholders insurance coverage for specific congenital conditions affecting two children.
Terms & Conditions
Policy term: 15 or 20 years
Premiums: Yearly mode only
The minimum coverage stands at ₹50000 and the policy maximum reaches up to Rs 25 lakh.
The policy does not cover pre-existing health conditions together with both HIV/AIDS and birth defects which result from drug use behavior.
The LIC’s nearest branch together with registered agents will provide additional information about the policy.
Written By
Priyanka Negi
Mar 27, 2025 18:23