Why Jeevan Rakshak Plan is One of the Best Life Insurance Plans to Invest in?

policybazaar.com

70 NEWS JAPAN - If you live your life from pay check to pay check, it’s understandable that it won’t be easy for you to find a few extra bucks from your tight budget to invest in something that doesn’t even seem necessary at this particular time. However, the importance of a life insurance cannot be dismissed , especially if you are married and have kids. You might even say that investing in life insurance is an added liability to your budget, but you can manage the added expense if you choose the right insurance plan.

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Choosing an economical life insurance will not only help you get your life insured;it will also let you avail its benefits without disturbing your monthly expenditure. Thankfully, with LIC you can easily find a wide range of the best and the most economical policies to invest in. Taking the tradition forward, the company recently launched its Jeevan Rakshak plan that will not only help you avail the benefits of a life insurance plan, but will also let you avail the maturity benefit associated with it.

LIC Jeevan Rakhsak plan is a low-cost policy with the best features of a life insurance scheme. It’s a regular premium paying endowment policy where the total sum assured cannot be more than Rs 2 lakhs. In fact, you can even set an amount less than Rs 1 lakh as your sum assured, thus, making it an excellent investment option for the people belonging to the lower income bracket.

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Jeevan Rakhsak plan offers you great flexibility and gives you the option to insure even your 8 year old kid under the umbrella of this plan. This policy requires regular premium payment as described in the terms & conditions of the policy. Once you reach the maturity age, the policy will offer you the basic sum assured as well as loyalty additions (if applicable). In case of sudden demise of the insured in the mid of the policy term the sum assured, as well as the loyalty additions, will be transferred to the legal heir/nominee as mentioned in the policy.