Jeevan Azad – 768

LIC Jeevan Azad (Plan No. 768) is an affordable endowment plan designed to provide life insurance protection along with maturity benefits. This plan is specially suitable for individuals from low to medium income groups who are looking for financial security, disciplined savings, and long-term stability at a reasonable premium cost.

• Affordable Premiums: Designed for low and medium income groups.
• Life Protection: Provides financial security to the family in case of death.
• Maturity Benefit: Lump-sum amount payable on survival till maturity.
• Endowment Plan: Combines insurance protection with long-term savings.
• Guaranteed Benefits: Assured payouts as per policy terms.
• Simple Structure: Easy to understand with straightforward benefits.
• Bonus Eligibility: Eligible for bonuses as declared by LIC.
• Financial Discipline: Encourages regular savings habit.
• Family Security: Death benefit ensures nominee protection.
• Trusted LIC Backing: Reliability and trust of Life Insurance Corporation of India.

Detailed Description

LIC Jeevan Azad (Plan 768) is a thoughtfully designed endowment life insurance plan aimed at providing financial protection and savings benefits to individuals belonging to low and middle-income segments. The plan focuses on affordability, simplicity, and long-term security, making it an ideal choice for policyholders who want dependable insurance coverage without high premium commitments.

One of the primary objectives of Jeevan Azad is to ensure that life insurance remains accessible to a wider section of society. Many individuals hesitate to purchase insurance due to high premium costs. Jeevan Azad addresses this concern by offering reasonable premium rates while still delivering meaningful life cover and maturity benefits.

This plan provides dual benefits—life protection and savings. In the unfortunate event of the policyholder’s death during the policy term, the nominee receives the death benefit, ensuring financial support for the family. If the policyholder survives till maturity, a lump-sum maturity benefit is paid, helping meet future financial needs such as education, marriage, business setup, or retirement planning.

Jeevan Azad also promotes financial discipline by encouraging regular premium payments over the policy term. This structured saving approach helps individuals build a financial corpus in a systematic manner, which is especially beneficial for those who may otherwise find it difficult to save consistently.

Another advantage of this plan is its simplicity. The benefits, premium structure, and policy terms are easy to understand, making it suitable even for first-time insurance buyers. There are no complex investment components or market-linked risks, ensuring peace of mind throughout the policy duration.

Being a participating plan, Jeevan Azad is eligible for bonuses as declared by LIC from time to time. These bonuses enhance the overall value of the policy and increase the maturity benefits, making the plan more rewarding in the long run.

Jeevan Azad is backed by the strong financial foundation and credibility of LIC, one of India’s most trusted insurance providers. Policyholders can be assured of timely claim settlements, transparent processes, and long-term reliability.

Overall, LIC Jeevan Azad – 768 is an excellent choice for individuals seeking an economical life insurance solution that offers both protection and savings. Its affordability, guaranteed benefits, and trusted backing make it a suitable plan for securing the financial future of families across income groups.