1. LIC’s JEEVAN RAKSHAK PLAN
Table No. 827

2. Table No.827 Jeevan Rakshak Plan
LIC’s Jeevan Rakshak Plan – Benefits
Table No.827
Jeevan Rakshak Plan
Maturity Benefit
Basic Sum Assured along with
Loyalty Addition, if any, shall be payable.
Death Benefit
‘Sum Assured on Death’ along with Loyalty Addition, if any, shall be payable. Loyalty Addition is payable after completion of 5th policy year.
The death benefit as defined above shall not be less than 105% of total premiums* paid as on the date of death.

3. What is Sum Assured on Death?
LIC’s Jeevan Rakshak Plan – Benefit on Death
What is Sum Assured on Death?
Sum Assured on Death shall be Higher of ~
Basic Sum Assured (BSA) OR
10 times Annualised Premium.(10 x AP).
[*The premiums mentioned in death benefit are excluding taxes, extra premiums and premiums for riders, if any]

4. LIC’s Jeevan Rakshak Plan
Eligibility Conditions and Restrictions
Particulars
Table No. 827
Jeevan Rakshak Plan
Age at entry
8 to 55 years
Age at Maturity
Maximum 70 Years
Policy Term
10 to 20 years
Premium mode
Yearly, Half-yearly, Quarterly, Monthly (SSS or ECS)
Basic Sum Assured (per life)
75,000/- to 2,00,000/-
( In multiples of 5000)

5. LIC’s Jeevan Rakshak Plan ~ Rebates
Mode
Rebate
Table No. 814
Yearly
2% of tabular premium
Half-yearly
1% of tabular premium
Quarterly and monthly
Nil
Table No 827
Jeevan Rakshak Plan
Basic Sum Assured
Rebate (Rs.)
1,50,000 to 2,00,000
1.50‰ SA
75,000 to 1,45,000
Nil

6. LIC’s Jeevan Rakshak Plan ~ Policy Loan
Table No. 827
Jeevan Rakshak
Available after payment of 3 full years premiums.
a) The maximum loan as a percentage of surrender value shall be 70% in case of inforce policies and 60% in case of paid-up policies.
b) The rate of interest to be charged for the loan amount would be determined from time to time by the Corporation.
c) No foreclosure action under inforce policies shall be taken under this plan even if there is a default in payment of loan interest. However, any loan outstanding alongwith interest shall be recovered from the claim proceeds at the time of exit.

7. LIC’s Jeevan Rakshak Plan ~ Surrender Value
Table No. 827
Guaranteed Surrender Value (GSV)
Available after payment of 3 full years premiums.
GSV shall be a percentage of total premiums paid (net of taxes) excluding extra premium, if any and premium paid for riders,if opted for.
Examples of GSV factors applicable for total premiums paid
Policy Year ~ GSV factor
3 = 30%
5 = 50%
t -1 = 80% (t=Policy Term)
GSV factor applicable to vested bonus,if any. Examples of Vested bonus factors –
Year of SV – Policy Term – Factor % % %

8. LIC’s Jeevan Rakshak Plan
Table No. 827
Jeevan Rakshak Plan
Special Surrender Value (SSV)
Surrender Value shall be the discounted value of the Paid-up Sum Assured and vested simple reversionary bonuses.
The discount factors shall be surrender value factors as provided in Table-1A of the Special Surrender Value Booklet and will depend upon the policy term and duration elapsed since the commencement of the policy.
Surrender Value payable
The Higher of Guaranteed Surrender Value and Special Surrender Value shall be payable.

9. Assignment/Nomination
LIC’s Jeevan Rakshak Plan ~ Table No. 814
Table No 814
New Endowment plan
A Policy may be revived within a period of 2 years from the date of first unpaid premium.
Taxes, if any, shall be applicable at the prevailing rates and borne by the policyholder as per rules.
There shall be no change in the following Items compared to endowment plan 814
Back Dating
Grace Period
Paid-up Value
Assignment/Nomination

10. LIC’s Jeevan Rakshak Plan
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