LIC Scheme- Investing Rs 200 per day will give you Rs 28 lakh, know full details about it

As we have seen in recent times people are dying premature deaths, which is a matter of concern, such incidents show us that it is important to be prepared for the future, in such a situation we should invest a part of our earnings in a place where you get security with good returns. If you are also looking for such a plan, then Life Insurance Corporation of India (LIC) is a good option, its Jeevan Azad plan has emerged as a popular option, and within just one month, it achieved impressive sales figures, which shows its appeal among the public. Let's know full details about it.

Non-linked policy

Jeevan Azad Yojana is a non-linked, non-participating individual savings life insurance plan. This means that policyholders get the benefit of life insurance coverage till maturity, as well as a guaranteed maturity amount like an endowment plan.

Flexible-Premium Payment

A special feature of this policy is its limited premium payment structure. Depending on the plan, the premium payment term ranges from 0 to 8 years. For example, if you choose a 20-year policy, you will have to pay premiums for only 12 years.

Payment Frequency Options

Policyholders have the flexibility to pay premiums at different intervals – monthly, quarterly, half-yearly or yearly – making it easier to adjust to individual financial conditions.

Sum Assured

The Jeevan Azad policy allows a lump sum guaranteed amount on maturity, with a minimum sum assured of ₹2 lakh and a maximum of ₹5 lakh. This ensures that policyholders receive adequate payouts if they survive till maturity.