Jan Suraksha – 880

LIC Jan Suraksha (Plan No. 880) is a simple and low-cost life insurance plan specially designed for economically weaker sections of society. It provides basic life protection at affordable premium rates, ensuring financial security for families and dependents in times of need.

• Low-Cost Insurance: Affordable premiums suitable for economically weaker sections.
• Basic Life Protection: Provides essential financial security to the family.
• Simple Plan Structure: Easy to understand with straightforward benefits.
• Financial Security: Death benefit payable to nominee in case of unfortunate demise.
• Accessible Coverage: Designed to make life insurance available to all income groups.
• No Market Risk: Not linked to market fluctuations.
• Encourages Insurance Awareness: Promotes financial inclusion and protection.
• Family Support: Helps dependents manage basic financial needs.
• Trusted LIC Backing: Assurance of Life Insurance Corporation of India.
• Peace of Mind: Provides confidence and security at a minimal cost.

Detailed Description

LIC Jan Suraksha (Plan 880) is a thoughtfully designed life insurance plan aimed at providing essential financial protection to individuals from economically weaker sections. Recognizing the need for affordable insurance coverage, LIC introduced this plan to ensure that even low-income families can access basic life insurance benefits without facing financial burden.

The primary objective of Jan Suraksha is to offer simple and reliable life protection at a minimal cost. In the unfortunate event of the policyholder’s death during the policy term, the nominee receives the death benefit, which can help the family manage immediate financial needs and maintain stability during difficult times.

This plan is especially suitable for daily wage earners, small workers, and individuals with limited or irregular income who may not be able to afford higher-premium insurance products. By keeping the premium structure affordable, Jan Suraksha encourages wider participation in life insurance and promotes financial inclusion.

Jan Suraksha follows a simple policy structure with clearly defined benefits. There are no complex investment components or market-linked risks involved, making it easy for policyholders to understand and trust the plan. This simplicity ensures transparency and confidence among first-time insurance buyers.

Being backed by LIC, the plan carries the assurance of reliability, timely claim settlement, and long-term trust. Policyholders and their families can rely on LIC’s strong financial foundation and nationwide presence for support and service.

Overall, LIC Jan Suraksha – 880 plays a vital role in providing basic life insurance coverage to economically weaker sections. Its affordability, simplicity, and dependable protection make it an important step toward securing the financial future of families who need it most.