Jeevan Suraksha is a Deferred Annuity plans from LIC that allows the policyholder to make provision for regular income after the selected term.

Features
•Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deductions throughout the term of the policy or till earlier death.
•Single premium option is also there, i.e. premium can be paid in one lump sum
•The premiums paid under New Jeevan Suraksha qualify for tax relief under Section 88.
•These are with-profit plans and participate in the profits of the Corporation’s annuity / pension business & policies get a share of the profits in the form of bonuses
•Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year & they form part of the guaranteed benefits of the plan.
•Additional Bonuses may also be payable provided policy has run for a certain minimum period.

Benefits

Death Benefit:

TERM AGE SUM
MINIMUM 5 25 0
MAXIMUM 35 65 NO LIMIT

Premium Ceasing Age : 70

Premium Ceasing Term : 0

Plan Highlights
FEATURES
* Tailor-made for professionals & businessmen.
* Multiple plan I pension options to choose from, such as
Plan Options:
* This plan is available with life cover, without life cover and is very much similar to an Endowment policy.

Pension Options:
* In case of a Joint life policy,it offers a guaranteed pension for the life of the policyholder or a pension for the last survivor or a pension fund that will also return the purchase price paid by the policyholder.
* Terminal bonus is available and there is no forfeiture in case the premiums are discontinued.
* The policyholder also has the option of a Single or One time premium payable, in case the life cover is not opted for.
* The policyholder also gains the option of a tax-free commuted value that amounts to nearly 25 percent.

Premiums up to Rs.10,000/- qualify for 100 percent deduction from taxable income in terms of Sections 80 (CCC) of the Income Tax Act.