Work Hours
Monday to Saturday: 8AM - 8PM
Weekend: 10AM - 6PM
Best LIC Agent in Kolkata, Somenath Naskar.
Schedule your FREE consultation today and let me help you find the best Insurance plan for you!
Call me on the below given number.
Are you looking for a life insurance plan that offers both savings and protection? Look no further than LIC Jeevan Kiran. As the best LIC agent in Kolkata, I’m excited to share everything you need to know about this versatile policy.
Table of Contents
Key Takeaways
- LIC Jeevan Kiran offers both protection and savings benefits
- Flexible premium options and policy terms to suit various needs
- Guaranteed return of premiums on maturity
- Additional features like settlement options and riders for enhanced coverage
- Working with an experienced LIC agent can help you maximize the benefits of this plan
What is LIC Jeevan Kiran?
LIC Jeevan Kiran is a non-linked, non-participating, individual savings life insurance plan. It’s designed to provide financial support to your family in case of your untimely demise while also offering a unique savings component.
“LIC Jeevan Kiran is like a safety net with a built-in piggy bank – it protects your loved ones and helps you save for the future.”
Key Features of LIC Jeevan Kiran
- Life Insurance Coverage: Provides financial protection to your family in case of unfortunate death
- Return of Premiums: Get back all the premiums paid (excluding extras) on maturity
- Flexible Premium Options: Choose between single premium and regular premium payments
- Customizable Policy Term: Select a protection period that suits your needs
- High Sum Assured Rebate: Enjoy attractive discounts for higher coverage amounts
- Non-Smoker Benefit: Lower premium rates for non-smokers (subject to cotinine test)
- Optional Riders: Enhance your coverage with accident benefit riders
Why Choose LIC Jeevan Kiran?
- Peace of Mind: Knowing your family is protected can be incredibly reassuring
- Disciplined Savings: Regular premium option encourages consistent saving habits
- Guaranteed Returns: Unlike market-linked plans, your benefits are fixed and guaranteed
- Tax Benefits: Enjoy tax deductions under Section 80C (subject to prevailing tax laws)
- Trusted Brand: LIC’s strong reputation and financial stability offer added security
How LIC Jeevan Kiran Works
Let’s break down the key aspects of this policy:
Eligibility
| Criteria | Details |
|---|---|
| Minimum Entry Age | 18 years |
| Maximum Entry Age | 65 years |
| Policy Term | 10 to 40 years |
| Minimum Sum Assured | ₹15,00,000 |
| Maximum Sum Assured | No limit (subject to underwriting) |
Premium Payment Options
- Regular Premium: Pay throughout the policy term (yearly or half-yearly)
- Single Premium: One-time lump sum payment
Benefits
Death Benefit
If the policyholder passes away during the policy term, the nominee receives the “Sum Assured on Death,” which is the highest of:
- 7 times the annualized premium
- 105% of total premiums paid
- Basic Sum Assured
For single premium policies, it’s the higher of 125% of the single premium or the Basic Sum Assured.
Maturity Benefit
On surviving the policy term, you receive the “Sum Assured on Maturity,” which equals the total premiums paid (excluding extras).
Additional Options
- Settlement Option: Receive maturity benefit in installments over 5 years
- Death Benefit in Installments: Option for nominees to receive payouts in installments
- Rider Benefits: Add accidental death and disability coverage for extra protection
Real-Life Example
Let’s say Rahul, a 35-year-old non-smoker, opts for LIC Jeevan Kiran with:
- Sum Assured: ₹50,00,000
- Policy Term: 25 years
- Premium Payment: Regular (Yearly)
His annual premium would be approximately ₹30,000 (excluding taxes).
Scenarios:
- If Rahul survives the policy term, he gets back ₹7,50,000 (25 years × ₹30,000) at maturity.
- If Rahul unfortunately passes away in the 15th year, his family receives ₹50,00,000 as the death benefit.
Tips for Choosing the Right LIC Jeevan Kiran Plan
- Assess Your Needs: Consider your financial goals, family responsibilities, and existing coverage
- Calculate Adequate Coverage: Aim for a sum assured that’s at least 10-15 times your annual income
- Choose the Right Term: Align the policy term with your long-term financial plans
- Compare Premium Options: Evaluate single vs. regular premium based on your cash flow
- Consider Riders: Add relevant riders to enhance your protection, but don’t overload the policy
Why Work with an LIC Agent in Kolkata?
As your dedicated LIC agent in Kolkata, I can:
- Help you understand the nuances of LIC Jeevan Kiran
- Customize the policy to your specific needs and budget
- Guide you through the application process
- Assist with claims and policy servicing
“Choosing the right insurance plan is crucial. As your LIC agent, I’m here to ensure you make an informed decision that secures your family’s future.”
Remember, LIC Jeevan Kiran is a versatile plan that can be tailored to your specific needs. As your trusted LIC agent in Kolkata, I’m here to help you navigate the ins and outs of this policy. Feel free to reach out at 7980031260 for personalized advice or to get started with your LIC Jeevan Kiran application.
Investing in your future and protecting your loved ones is one of the most important decisions you’ll make. Let’s work together to find the perfect LIC Jeevan Kiran plan for you!
FAQs
Is LIC Jeevan Kiran suitable for senior citizens?
While the plan is available up to age 65, it’s generally more beneficial for younger individuals due to lower premiums and longer investment horizons.
Can I take a loan against my LIC Jeevan Kiran policy?
No, loan facility is not available under this plan.
What happens if I stop paying premiums after a few years?
If you’ve paid premiums for at least two years, the policy acquires a paid-up value. Otherwise, it lapses without any benefits.
Are there any medical tests required for LIC Jeevan Kiran?
Medical requirements depend on factors like age, sum assured, and overall health. A cotinine test is required for non-smoker rates.
Can I surrender my LIC Jeevan Kiran policy?
Yes, you can surrender the policy after paying premiums for at least two years (for regular premium) or anytime for single premium policies. However, early surrender may result in lower returns.
Explore Various LIC Plans and Policies
