New Delhi. To provide financial support to the family, it is necessary for us to get life insurance. You can secure yourself and your family with an insurance plan. LIC has launched Jeevan Kiran Plan. This is a term insurance plan. LIC’s Jeevan Kiran plan includes facilities like non-linked, savings, life insurance plan etc.
Why should you buy term insurance plan?
Term insurance plan is suitable for working people. In this, life with family should save oneself from death. This plan provides financial security to the policy holder and his family. You also get death benefit in this policy.
Death interest
After the death of the policy holder, the nominee receives the insurance amount. This amount is given in lump sum. If the nominee wishes, he can take the lump sum amount in installments.
He can take the insurance amount on monthly, quarterly, half yearly or yearly basis. The policy holder can select these options during his lifetime.
Maturity benefit
After maturity of LIC Jeevan Kiran policy, the policy holder can also take the investment amount in lump sum after maturity. Apart from this, he can select how to invest. If he wants, he can make payment on monthly, quarterly, half yearly or yearly basis. A minimum investment of Rs 5,000 can be made in this policy on a monthly basis.
After the death of the insured, the nominee will get death benefit.
If the policy holder dies, the nominee will receive the investment amount of the policy. The company will pay the entire investment amount in lump sum. However, the nominee can select whether he will take the amount in lump sum or in installments. You can select this option at any time during your lifetime to avail all the benefits available under the policy terms or death benefit.
