If you’re looking for an affordable life insurance option, LIC Jan Suraksha Policy offers a dependable safety cover without increasing your monthly budget.
LIC Jan Suraksha Policy Overview
LIC Jan Suraksha Policy is designed to offer essential life protection at a very low premium. The idea behind this plan is simple — ensure that even low-income families can secure their loved ones without worrying about high insurance costs. Moreover, the policy focuses on providing quick financial support to the beneficiary during an unfortunate event.
LIC Jan Suraksha Policy Key Features
The policy keeps things straightforward and practical, making it a suitable choice for first-time insurance buyers as well. Here are its main highlights:
- Low premium with high protection — ideal for people seeking budget-friendly security.
- Simple documentation — requires only basic KYC and identity proof.
- Easy to link with bank accounts or government-backed schemes.
- Lump-sum payout to the nominee in case of an unfortunate incident.
LIC Jan Suraksha Policy Estimated Benefits
Although the actual premium and coverage may vary depending on the exact LIC plan, here’s a simple estimate:
| Premium | Yearly Cost | Potential Cover |
|---|---|---|
| ₹200 | ₹200–₹250 | Up to ₹2,00,000 |
Note: Premium and coverage differ by policy type. Always verify details directly with LIC before purchasing.
LIC Jan Suraksha Policy Eligibility
Here are the basic requirements to apply for this plan:
- Minimum Age: 18 years
- Maximum Age: 50–60 years (varies by plan)
- Indian Citizen
- KYC Mandatory
Documents Required
- Aadhar Card
- PAN Card
- Address Proof
- Passport-size Photograph
- Bank Account Details
How to Apply for LIC Jan Suraksha Policy?
The application process is easy and doesn’t require complicated steps. Here’s how to get started:
Step 1: Visit your nearest LIC branch.
Step 2: Speak with an LIC agent or officer to understand policy details.
Step 3: Submit the required documents.
Step 4: Fill out the application form and pay the premium.
Why Choose LIC Jan Suraksha Policy?
This plan is ideal for individuals who want reliable financial safety at a low cost. Moreover, it offers:
- Affordable protection for low-income households
- High coverage with minimal premium
- Financial support for the family during emergencies
FAQ – LIC Jan Suraksha Policy
1. Can you really get ₹2 lakh cover for ₹200?
Yes, some low-cost LIC protection schemes offer high coverage for small premiums. However, the exact cover and premium depend on the specific plan. It’s best to confirm with LIC before buying.
2. Does this policy offer maturity benefits?
No. This is a pure protection plan, so maturity benefits are generally not included.
3. Can I apply for this plan online?
Some LIC policies offer online application options, but many low-cost plans require offline processing.
4. Is this a government scheme?
LIC is a government-owned corporation, which makes its policies trustworthy and widely preferred.
