LIC Jeevan Sneha Plan 2024 Benefit, Feature, Details, Reviews

LIC Jeevan Sneha Plan – The Life Insurance Corporation of India always offers customers a single point of contact for all of their insurance requirements. The best policy for women has been launched by LIC with women’s needs in mind: LIC Sneha Jeevan LIC Jeevan Sneha is a money-back plan that gives you a regular return on your money with the option to cash out 20% of the money every five years until the policy ends. This plan is only for women and provides money for things like education, sickness, marriage, and other necessities.

The LIC Jeevan Sneha plan is a life insurance plan that offers benefits to the policyholder and their families. This plan was initiated in 2003 and has been steadily growing in popularity ever since. The LIC Jeevan Sneha plan is an affordable life insurance option that can provide a lifetime of protection for you and your loved ones. Policyholders have the option to choose between a subsidized and an un subsidized plan. The subsidized plan offers policyholders a lower premium while the un subsidized plan offers policyholders full coverage at no additional cost.

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LIC Jeevan Sneha Plan 2024

The Life Insurance Corporation of India always offers customers a single point of contact for all of their insurance requirements. The best policy for women has been launched by LIC with women’s needs in mind: LIC Sneha Jeevan LIC Jeevan Sneha is a money-back plan that gives you a regular return on your money with the option to cash out 20% of the money every five years until the policy ends. This plan is only for women and provides money for things like education, sickness, marriage, and other necessities.

The Licence Jeevan Sneha plan provides a comprehensive solution for the healthcare needs of you and your family. With this plan, you’ll be able to access a wide range of healthcare services, from preventive care to acute care. You’ll be able to get the care you need without having to worry about costs or coverage. Plus, the plan includes a number of important benefits that make it a great choice for healthcare needs.

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LIC Jeevan Sneha Plan

LIC Jeevan Sneha Plan 2024 Details

Name Of ArticleLIC Jeevan Sneha Plan 2024
LIC Jeevan Sneha PlanClick Here
CategoryInsurance
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Key Features of LIC Jeevan Sneha

LIC Jeevan Sneha is a new and innovative health insurance product that was launched in India earlier this year. LIC Jeevan Sneha is a joint venture between the Life Insurance Corporation of India (LIC) and the National Health Fund (NHF). The product offers an innovative way to cover medical expenses, and it has several key features that make it different from other health insurance products.

  • A women-only plan that protects the future of women by providing emergency funds for illness, marriage, education, and other emergencies.
  • Open to women between the ages of 18 and 50. Women with physical disabilities are also welcome under certain conditions.
  • This plan offers flexibility in paying premiums.
  • LIC Jeevan Sneha has its own terms and conditions for paying warranty surcharges and royalty surcharges. Life insurance continues even if premiums are not paid.
  • This plan provides coverage for pregnancy, childbirth, and accident insurance at no additional charge.
  • Once the policy expires, the plan offers an annuity option.
  • This plan offers the possibility of regular repayment of the sum insured.

Benefits Offered By The Plan

If you’re thinking about getting health insurance, you might be wondering what the benefits are. In this article, we’ll take a look at the different types of health insurance and highlight the benefits that each offers. We’ll also answer some common questions about health insurance, such as how it works, how much it costs, and what kinds of benefits are available. So whether you’re looking to get coverage for yourself or your family, read on to learn all you need to know about health insurance plans!

Death Benefit- 

If the insured person dies during the period of insurance, the full amount of the insurance money and the living benefit will be paid to the beneficiary of the insurance money. This plan also offers guaranteed add-ons and loyalty add-ons.

Guaranteed Addition- 

In addition to the Maturity Benefit and Death Benefit, a Guaranteed Coverage of Rs.70 per Rs.1,000 of the sum insured will be paid to the insured for the total number of years of premium paid.

Loyalty Addition- 

If the policyholder has paid term premiums for 5 years or more, they can claim a royalty surcharge and damages.

Encashment of Survival Benefits When Needed- 

Depending on the policyholder’s choice, the living benefit can be claimed at any time after the due date. If the living benefit is claimed later, an 11% increased living benefit will be paid to the insured each year.

Free Insurance Cover-

If premium payments are stopped after two years of premium payments, risk protection for the full sum insured is for three years from the first outstanding premium payment due date.

Accident Benefit- 

Accident benefits are available under this policy and are granted at no additional premium during the three-year extended warranty period.

Flexibility in Premium Payment-

The Insured may prepay the following premiums at the Insured’s discretion and receive a 10% discount. The deposit can be paid in installments.

Check Also-Star Union Dai-ichi Jeevan Ashray Plan 

Pregnancy and Childbirth Risk- 

During the insurance period, pregnancy and childbirth expenses are also covered without insurance premiums.

Option for Annuity- 

The policyholder may elect an annuity in place of the due date before six months from the due date. The annuity rate as of the annuity payment date applies.

The insurance seekers can know more about the policy details with this table.

Eligibility

Minimum Entry Age

18 years

Maximum Entry Age

50 years

Maturity Age of Policy

70 years

Maximum Tenure of the Policy

20 years

Minimum Sum assured

Rs50,000

Maximum Sum assured

Rs5,00,000

Payment Mode

Yearly

What is the LIC Jeevan Sneha Calculator?

This is an online tool provided by LIC that allows users to calculate premiums for required maturity benefits. This tool is designed to help insurance buyers plan their future financials in a way that best suits their needs and budget. Based on the premium calculated by the tool, the user can increase or decrease coverage under her LIC Jeevan Sneha policy. Essentially, the tool accelerates financial decision-making and enables female policyholders to align marriage, education, etc. with survivor and maturity payments.

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