Lic India Launches Jeevan Rakshak for the Masses
Life Insurance Corporation of India has launched its Jeevan Rakshak Plan. It is the most reasonable Life Insurance plan being 30% cheaper than other plans. It gives financial protection in case of unfortunate death.
It is not a ulip plan. LIC’s Jeevan Rakshak Plan is with profits endowment plan. This plan is made available without any medical reports requirement. This plan can be taken by farmers, teachers, professionals, etc without undergoing any kind of medical test. Total Sum assured should not exceed more than 2 lakhs.