LIC’s Jeevan Kiran is a Non-Linked, Non-Participating, Individual, Savings, Life Insurance plan which offers a combination of protection and savings.¹ This plan provides financial support to the family in case of the unfortunate death of the life assured during the policy term and returns the total premiums paid* in case of survival till² maturity. This is a non-participating product under which benefits payable on death or maturity are guaranteed and fixed irrespective of actual³ experience. Hence the policy is not entitled to any discretionary benefits like bonus etc. or share in Surplus.

Benefits:

• Life insurance coverage in case of unfortunate death.

• Return of total premiums paid (excluding any extra premium, any rider premium and taxes) in case of survival till maturity.⁴

• Flexibility to choose from Single Premium and Regular Premium Payment, choose the period for which protection is required, opt for payment of benefit in instalments, benefit of attractive High Sum Assured Rebate,⁵ and two categories of premium rates namely (1) Non-Smoker rates and (2) Smoker rates. The application of Non-Smoker rates shall be based on the findings of the Urinary Cotinine test. In all other cases, the Smoker rates will be applicable.

• Option to enhance⁶ coverage by opting for Accident Benefit Rider / Accidental Death Disability Benefit Rider on payment of additional premium for the rider benefit.⁷