LIC Jeevan Kiran policy: The Life Insurance Corporation of India on Thursday announced the launch of a new plan: LIC’s Jeevan Kiran. The newsly-introduced individual, Savings, Life Insurance plan has come into effect since July 27. The company said that the plan offers a high life cover at a reasonable cost with return of premium.
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Age Eligibility
LIC’s Jeevan Kiran plan is available for young people starting age of 18 and till the age of 65. It offers a minimum Sum Assured of Rs. 15 lakh.
Maturity
The term of the policy varies from 10 years to 40 years.
Premium Payment
The plan allows for single premium or regular premium payment option. “The minimum instalment premium will be Rs 3000/- for Regular Premium policies and Rs.Rs.30000/-for Single Premium policies,” the company said.
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Step 1: Visit LIC’s website https://www.licindia.in/ and click on “Buy Policy Online.”
Step 2: Choose the “LIC’s Jeevan Kiran” option and press “Click to Buy Online.”
Step 3: Fill in your name, date of birth, mobile number, email ID and nearest city to create access ID and generate a One-time Password.
Step 4: You will receive the 9 digit access ID and OTP on your mobile no and email once you submit the captcha.
Step 5: Enter OTP and proceed.
Step 6: Fill in the desired sum assured and term to calculate premium, and proceed for filling the form.
Step 7: Confirm the details.
Step 8: Upload the required documents and proceed for payment.
Step 9: You will get a link post the submission of documents. The fields for non-medical cases will be filled based on submitted documents.
Step 10: Complete your self-video verification online.
Step 11: Once you receive the “accepted” underwriting decision, you can expect to receive an email from LIC with your assigned policy number and first-premium receipt.
Additionally, you will receive a soft copy of the policy document and other important documents via email. Please note that the hard copy of the policy paper will be sent to your registered address through traditional mail.
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