LIC Jeevan Azad (Plan No. 768) is an affordable, traditional endowment life insurance plan designed with a clear objective — to provide life insurance protection along with guaranteed savings at a premium that is easy to manage. This plan is especially suitable for individuals from low to middle income groups who want financial security, disciplined savings, and peace of mind without the burden of high premiums.
Jeevan Azad focuses on simplicity, affordability, and long-term stability. It is ideal for first-time insurance buyers, salaried individuals, small business owners, and families who want a dependable LIC-backed plan that protects their loved ones while helping them build a future financial corpus.
✔ Financial Security for Family: In the unfortunate event of death, the nominee receives the death benefit, helping the family manage daily expenses, debts, and future needs.
✔ Guaranteed Savings: On survival till maturity, the policyholder receives a lump-sum maturity benefit which can be used for education, marriage, business, or retirement.
✔ Low Premium Commitment: Designed for those who cannot afford high-premium insurance plans but still want reliable protection.
✔ Peace of Mind: Non-linked and non-market dependent plan ensures stable benefits throughout the policy term.
✔ Bonus Advantage: Bonuses declared by LIC increase the final payout, making the plan more rewarding over time.
To understand how LIC Jeevan Azad – 768 works in real life, let us consider a practical example with realistic assumptions.
Total Premium Paid:
₹19,000 × 20 years = ₹3,80,000 (approx)
Maturity Benefit:
Sum Assured: ₹5,00,000
+ Accumulated Bonuses: ₹2,00,000 – ₹3,00,000 (approx)
Total Maturity Amount: ₹7,00,000 – ₹8,00,000
This maturity amount can be used to meet important life goals such as children’s education, marriage expenses, small business investment, or retirement planning.
Death Benefit Scenario:
If the policyholder passes away during the policy term,
the nominee receives the death benefit (Sum Assured plus bonuses, as applicable),
providing crucial financial support to the family.
Premiums and bonus figures are indicative and may vary depending on age, policy term, sum assured, and LIC’s bonus declarations.
✔ First-time insurance buyers
✔ Low and middle income earners
✔ Individuals seeking guaranteed, risk-free savings
✔ Families looking for affordable long-term protection
LIC Jeevan Azad – 768 is a well-balanced, affordable endowment life insurance plan that delivers exactly what it promises — financial protection, disciplined savings, and long-term security. With low premiums, guaranteed benefits, bonus potential, and the trust of LIC, this plan is an excellent choice for individuals who want a simple yet effective solution to secure their family’s future.