New Janaraksha Plan:

New Janaraksha Plan is one of LIC's endowment assurance plans.  It offers strong financial security for you and your family against death during the policy term.

You are permitted to pay your premiums monthly, quarterly, half yearly, or annually, or you can permit for it to be taken from your salary.  This plan provides the facility that if you have paid your premiums for the first two years, after that if you do not pay your premiums for a maximum period of three years, even then the policy will continue.

Since this a business related plan, the life insured will be given simple reversionary bonuses according to the profits made in the market.  These bonuses become a part of the benefits enjoyed in this plan.  If you have paid your premiums fully for a certain number of years, you will be eligible to receive a terminal bonus.

LIC's New Janaraksha Plan offers benefits like:
This plan provides the death benefit which states that if the life insured dies during the policy term, the beneficiary will receive the sum assured as well as the bonuses that are applicable to him.

According to the accidental benefit, if the life insured dies in an accident during the policy term, then the beneficiary will receive the sum assured.  If the life insured meets with an accident due to which he/she is permanently disabled, then he/she will receive the sum assured at regular intervals and not as a lump sum.

At the time of maturity, the life insured will receive the sum assured as well as a lump amount with all the bonuses applicable during the policy term.  You will receive additional protection and benefits by opting for the supplementary benefits.

You are permitted to surrender your policy if you wish to do so after you have completed three full policy years.  On doing so you are eligible to receive the guaranteed surrender value.

LIC's New Janaraksha Plan is a policy which provides strong and full financial security to you and your family.  By buying this policy, you can spend the rest of your life with a peaceful mind.