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Jeevan Aadhar

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Jeevan Aadhar (LIC plan for Handicaps)

This plan is specially designed to assure a handicapped dependent to have a Secured life. It provides life insurance cover through out the lifetime of purchaser.

Features
• Beneficiary can only avail benefits on the death of life assured.
• The benefits are payable partly in lump sum and partly in the form of an annuity to the handicapped through a nominee or trusty.
• Premiums are payable yearly, half-yearly, quarterly, monthly or through salary deductions.
• Premium paying terms are 10, 15, 20, 25, 30 and 35 years.
• The premium can also be paid in one lump sum(single premium)
• The premiums paid under this plan are eligible for Income Tax relief under Section 80DDA of Income Tax Act.