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LIC is Going to Launch a New Plan:

LIC Jeevan Kiran Plan 870 Basic Detail:

Plan Name

Table Number

870

Lic Jeevan Kiran

Plan Type

Non-Linked, Non-Participating Saving Life Insurance Plan

Minimum Entry Age 

18 Years

Maximum Entry Age 

65 Years

Minimum Maturity Age 

28 Years

Policy Term 

Premium Paying Term 

Regular & Single Premium

10 To 40 Years

Minimum Premium

Regular Premium Rs. 3,000/-

Premium Modes in Regular Plan 

Half Yearly & Yearly

Maximum Premium 

Single Premium Rs. 30,000/-

Surrender & Paidup 

Available After 2 Years

Maximum Maturity Age 

80 Year

Form Required 

Assignment & Nomination  

Available

300, 340

Loan Facility 

Available After 2 Years

Maturity & Death Settlement Option 

5 Years

On Maturity 

Maturity SA Equal to Total Regular Premium / Single Premium Received Excluding any Extra Premium, Rider Premium & Taxes.

Revival Of Policy 

Within 5 Years

Basic Sum Assured or 7 Times of Annualized Premium or 105% of Total Premium Paid.

On Death - Single Premium Policy 

125% of Single Premium or Basic Sum Assured.

Additional Riders Available (On Extra Premium)

1. Accidental Benefit Rider 2. Accidental Death & Disability Benefit Rider

On Death - Regular Premium Policy 

Read this article to know more about Lic Jeevan Kiran Plan 870