Keep Your Happiness
Protected... Secure Your Family’s Future Too..! LIC’s Jeevan Raksha
Sivakasi Manikandan, MD, AISMONEY
The true
happiness of a family is not just about living well today. It is also about
ensuring that the family can continue to live with financial security even if
an unexpected situation arises tomorrow.
If something
unforeseen happens to the main earning member of a family, managing monthly
expenses, children’s education, home loans and other financial responsibilities
can become difficult. Providing financial protection to the family during such
situations is the primary purpose of life insurance.
In this
context, LIC’s Jeevan
Raksha is a life insurance plan designed with a focus on
protecting the financial future of the family.
Financial
Protection for Your Family!
Jeevan
Raksha is a non-linked, non-participating, individual life insurance protection
plan. It is not connected to the stock market and is primarily designed to
provide financial security against unforeseen risks.
The main objective
of this plan is not to generate high investment returns. Instead, if the
insured person passes away during the policy period, the plan aims to provide
financial support to the family, subject to the terms and conditions of the
policy.
When a family
depends on the income of one person, the sudden loss of that income can
seriously affect its financial stability. Life insurance acts as a financial
safety net that can help bridge this gap and support the family during a
difficult period.
Insurance
Cover Starting from ₹5 Lakh
Under this
plan, life insurance protection is available with a minimum sum assured of ₹5 lakh. Depending on
an individual's income, age, family responsibilities and future financial
requirements, a higher level of insurance cover may also be chosen.
However,
having only the minimum insurance cover may not always be sufficient.
For example,
if a person has a home loan, children’s higher education expenses and
significant monthly family expenses, these financial responsibilities should be
considered while deciding the appropriate amount of life insurance cover.
The
insurance requirement should ideally be based on the family's actual financial
needs rather than simply choosing the minimum available cover.
Flexibility
in Premium Payment
Every
individual has a different income level and financial situation. Some may find
it convenient to pay premiums over a longer period, while others may prefer to
complete their premium payments within a specified period.
Keeping such
requirements in mind, the plan offers flexibility in choosing the premium
payment period.
This allows
policyholders to select an option that is suitable for their income and overall
financial planning.
Special
Benefits for Women
Special
premium rates for women are among the important features of the plan.
In today’s
world, women are not only contributing to household income but are also
entrepreneurs, professionals and independent individuals taking on significant
financial responsibilities.
Therefore,
it is important for every earning member of a family, including women, to have
adequate life insurance protection based on their financial responsibilities.
Benefits
for Higher Insurance Cover
Policyholders
opting for higher levels of life insurance cover may be eligible for premium
rebates, subject to the applicable terms and conditions.
However, one
should not choose an unnecessarily high insurance cover merely because a
premium concession is available.
The right
approach is to calculate the family's actual financial requirements and choose
an appropriate level of insurance protection accordingly.
Additional
Protection Options
Those who
require additional protection along with basic life insurance may also have the
option to choose additional benefits, subject to the terms and conditions of
the policy.
Such
benefits are generally available through optional riders.
Whether
these additional protections are necessary depends on an individual's
profession, lifestyle and family responsibilities. Therefore, policyholders
should carefully evaluate their requirements before selecting additional
benefits.
Jeevan Raksha at a Glance
|
Feature |
Details |
|
Type of Plan |
Life insurance protection plan |
|
Stock Market Link |
No |
|
Participation in Profits |
No |
|
Minimum Insurance Cover |
₹5 lakh |
|
Primary Objective |
Financial protection for the family |
|
Benefits for Women |
Special premium rates |
|
Premium Payment |
Flexible options available |
|
Additional Protection |
Rider options may be available |
A Trusted Name for
Indian Families Since 1956!
The Life
Insurance Corporation of India, popularly known as LIC, was established in 1956
and has grown into one of India's largest and most important financial
institutions.
With an
extensive network of branches and insurance agents across the country, LIC
continues to serve the insurance needs of millions of Indian families.
For several
generations, LIC has been closely associated with the financial protection and
security of Indian households.
Not
Just an Insurer... A Major Investor Too!
LIC is not
merely a life insurance company. It is also one of the major institutional
investors in India's financial markets.
The funds
collected from policyholders are managed, subject to applicable regulations,
across various investment avenues, including government securities, corporate
debt instruments, equities and other investment assets.
As a result,
LIC plays a significant role in both the Indian stock market and the debt
market.
As of March 31, 2026, LIC
continued to be one of India's largest financial institutions, managing assets
and investments worth several lakh crore rupees.
Insurance
Is Not an Expense... It Is Protection!
Many people
view the premium paid for insurance as an expense. However, when viewed from
the perspective of protecting a family's financial future, it is an important
financial safety measure.
Unexpected
events cannot always be prevented. But proper financial planning can help
ensure that such events do not completely disrupt the financial life of a
family.
The purpose
of investment is to create wealth, while the purpose of life insurance is to
provide financial protection to the family.
Understanding
this difference is important. Investment and insurance should ideally be planned
separately, with each serving its own purpose in an individual's financial
plan.
Before
choosing life insurance, individuals should consider their family income,
outstanding loans, children's future requirements and regular living expenses.
Adequate life
insurance can provide valuable financial support to the family when it is
needed the most.
Keep
your happiness protected... Secure your family's future and let their happiness
continue to flourish!
For More details and Policy Taken
Sivakasi Manikandan, MBA (F&M), [MBA, I & FP],
FChFP, CIS, AMFI, CII (London)
Managing Director – AISMONEY
AMFI Registered Mutual Fund
Distributor - ARN-33652
No. 21, MBT Road, (Opp) Indian Bank, Walajapet - 632 513
Ranipet Dt. Tamil Nadu, India.
+ 91 98405 77675
+ 91 96777 66393 (Office)
support@aismoney.com
