New Janaraksha Plan

New Janaraksha Plan

New Janaraksha Plan Summary: ( Table No.91 )

New Janaraksha Plan is an Endowment Assurance plan that provides financial protection against death throughout the term of the plan. It provides full life insurance for 3 years even when the premiums are not paid. New Janaraksha Plan (with Profits) is specially designed for people with irregular income and whose job is not secure due to fluctuating income, i.e. Workers with the unorganized sector, Daily wage earners, Call Center Employees, Farmers, Small businessman, etc.

Bonuses:
New Janaraksha Plan is a with-profit plan and it participates in the profits of the LIC’s life insurance business.  You will get a share of the profit in the form of bonuses. Simple Revisionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year.  The Bonuses Once declared they form part of the guaranteed benefits of the plan. Final (Additional) Bonus may also be payable provided a policy has run for a certain minimum period.

Death Benefit:
The Sum Assured plus all bonuses to date is payable in a lump sum upon the death of the life assured during the policy term.

Accident Benefit:
The Sum Assured (subject to a limit of Rs.5 lakhs) is payable in a lump sum on the accidental death of the life assured during the policy term. In case of permanent disability of the life assured due to accident during the policy term, this benefit is payable in installments.

Maturity Benefit:
The Sum Assured plus all bonuses declared up to maturity date is payable in a lump sum on survival to the end of the policy term.

Tax Benefit:
The Premiums are exempt u/s 80C.  Maturity/Death Claim is exempt u/s 10(10D)

Premiums:
You may pay premiums yearly, half-yearly, quarterly, monthly or through Salary deductions, throughout the term of the policy or earlier death. After at least two full years’ premiums have been paid, full insurance cover is available even when premiums are not paid for up to three years.

Eligibility Conditions and Restrictions for New Janaraksha Plan:

  • Minimum age at entry: 18 years (Last Birthday)
  • Maximum age at entry: 50 years (Nearest)
  • Max. age at Maturity: 70 years
  • Min. Term: 12 years
  • Max. Term: 30 years
  • Min. SA: 30,000
  • Max. Sum Assured: 10,00,000
  • Policy/ Housing Loan Available: Yes

Cooling off period:
If you are not satisfied with the “Terms and Conditions” of the policy, you may return the policy to Life Insurance Corporation Of India within 15 days.

Surrender Value:
Buying a life insurance contract is a long-term commitment. However, the surrender value will be available under the plan on earlier termination of the contract.

The Unique Identification No. of the New Janaraksha Plan is 512N083V01


Update: New Janaraksha Plan Table No.91  Has Been Discontinued.


Note:
The above is the product summary giving the key features of the Insurance plan. This is for illustrative purposes only. This does not represent a contract and for details please refer to your policy document.

23 thoughts on “New Janaraksha Plan”

  1. my policy No:844333897 of 91-19-19 please send my policy details and befits Yearly Premium 3182/-

  2. Dear team, My plan is new janaraksha plan (table no 91), for 20 years, I have been given premium Rs-3545/- Half Yearly. I want to know about return benefit after maturity. Please give me details (with amount)

  3. Dear sir,
    I have two policy that is 924222562 & 924222563.Please know may plan details of lic NEW JANRAKSHA PLAN WITH PROFITS (TABLE NO.91A) for 17 years.
    please,give me details with amount.

    thanks & regards,
    SUNITA MARUTI DHOTRE.

  4. Dear team,
    My plan is new janaraksha plan (table no 91), for 20 years, I have been given premium Rs-7234/- Yearly. I want to know about return benefit after maturity. Please give me details (with amount)

  5. sir
    my polacy
    new janaraksha plan with profits

    i will pay 4turms now i am economically problems so i want to money now what do now
    plz
    how to get the loan benefits
    give me suggestion

  6. how to calculate the surrender value of New janaraksha plan with profits (with accidental benefit) table & term : 091 & 20 20 ?

  7. Dear team,
    My plan is new janaraksha plan (table no 91), for 20 years, I have been given premium Rs-1262/- quarterly. I want to know about return benefit after maturity. Please give me details (with amount)

    Thanks & best regards
    Rupa Banerjee

  8. ABDUL VAHAB CMP

    My plan details of lic NEW JANRAKSHA PLAN ,premium amt 26651 for 15 yrs.Sum Assured:Rs 400000
    after complete my policy term how much amount i will get?

  9. jignesh padariya

    please know may policy status &

    My plan details of lic NEW JANRAKSHA PLAN ,premium amt 312 for 25 yrs.As my DOB is 11th June 1982.

    Mo.9723048525

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