LIC Jeevan Azad is a limited-period payment endowment plan that provides financial support for the family in case of unfortunate death of the life assured during the policy term. The plan also takes care of the liquidity need through a loan facility. It also provides a guaranteed lump sum amount to the surviving life assured on the date of maturity.
Medical is not required upto 3 Lakhs Sum Assured. Medical is required for Sum Assured More than 3,25,000.
Premium Paying Term shall be 8 Years less than the Selected Policy Term.
Sum Assured shall be payable as Maturity.
|Age at Entry||90 Days (Completed)||50 Years|
|Term||15 Years to 20 Years|
|Premium Paying Term||Policy Term - 8 Years|
|Sum Assured||2 Lakhs||5 Lakhs|