LIC’s Jan Suraksha emerges as a beacon for secure financial futures in India’s changing landscape—a micro-insurance plan designed to offer both protection and savings, especially for individuals seeking straightforward financial planning and guaranteed safety. In today’s uncertain economic atmosphere, this plan stands out by promising fixed benefits, creative flexibility in premium payments, and simplified loan options, making it a smart choice for people who wish to safeguard their families and save with absolute peace of mind.
LIC Jan Suraksha Plan 2025: What Sets It Apart
LIC’s Jan Suraksha is a Non-Participating, Non-Linked, Individual, Savings, Life Micro Insurance plan[1]. This means that policyholders receive guaranteed benefits on death or maturity, independent of market performance, making every commitment by LIC assured and reliable[1]. Policyholders also get the option to pay premiums for a limited period, and loans can be availed against the policy after one year, adding vital liquidity for emergencies.
Eligibility and Unique Features
- Minimum Sum Assured: ₹1,00,000; Maximum: ₹2,00,000 per life (multiples of ₹5,000)
- Entry Age: 18 to 55 years (varies if purchased through POSP-LI/CPSC-SPV)
- Maximum Maturity Age: 70 years (or 65 years via POSP-LI/CPSC-SPV)
- Policy Term: 12 to 20 years; Premium Paying Term is Policy Term minus 5 years
- No medical examination required for standard healthy lives.
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Benefits and Attractive Additions
Guaranteed Returns
Jan Suraksha guarantees additions at the end of every policy year—starting from inception to the end of the term—calculated at 4% of total annual premiums paid. Online purchases and higher sums assured offer extra incentives, increasing your returns for the committed premium.
Fixed Death and Maturity Benefits
- Death: Higher of 7 times annual premium or basic sum assured + accrued guaranteed additions.
- Maturity: Basic sum assured + accrued guaranteed additions.
Flexibility & Optional Riders
- Premiums can be paid yearly, half-yearly, quarterly, monthly (via NACH) or salary deductions.
- Loan options are available after one year with up to 80% of surrender value for in-force policies.
- Riders for accidental death/disability are available for added protection (not through POSP-LI/CPSC-SPV).
Surrender, Grace Period, and Grievance Handling
Jan Suraksha can be surrendered after one policy year, with attractive surrender values calculated per IRDAI guidelines. Grace periods are built in for premium payments, and LIC’s comprehensive grievance redressal system ensures swift resolution via both digital and in-person channels.
Conclusion: Why Jan Suraksha Is For You
LIC’s Jan Suraksha is tailored for individuals looking for the comfort of secured returns, family protection, and liquidity options, with easy eligibility, no medical exams (for healthy lives), and fixed benefits that don’t depend on the market. This truly “micro” plan brings insurance and savings within the reach of India’s every family, making dreams of financial stability a reality—today and tomorrow.
