Life Insurance Corporation of India (LIC) offers a range of life insurance plans to cater to different needs and preferences. One such plan is LIC Jeevan Kiran, which provides comprehensive coverage and financial security to policyholders. This article highlights the important features of LIC Jeevan Kiran life cover, including the base plan options, death benefits, and premium payment structure.
LIC Jeevan Kiran offers two base plan options – Option 1 and Option 2. Policyholders can choose between these options based on their specific requirements and financial goals. Option 1 provides a lump sum benefit to the nominee in case of the policyholder’s unfortunate demise during the policy term. This ensures that the family members are financially stable even in the absence of the breadwinner.
Option 2, on the other hand, provides a combination of a lump sum benefit and regular monthly income to the nominee upon the policyholder’s death. This ensures a steady flow of income to the family, which can help them meet their day-to-day expenses and maintain their standard of living.
In addition to the base plan options, LIC Jeevan Kiran also offers death benefits in the form of additional riders. Policyholders can enhance their coverage by opting for riders like accidental death benefit, critical illness benefit, or disability benefit. These riders provide an extra layer of protection and financial support in case of unexpected events or medical emergencies.
Premium payment is an important aspect of any insurance policy, and LIC Jeevan Kiran offers flexibility in this regard. Policyholders can choose between regular premium payment and limited premium payment options. Regular premium payment requires policyholders to pay premiums throughout the policy term, while limited premium payment allows them to pay premiums for a limited period, after which the coverage continues without any further premiums.
To sum it up, LIC Jeevan Kiran life cover offers a comprehensive and flexible insurance solution to individuals and families. With its base plan options, additional riders, and flexible premium payment options, it provides policyholders with the necessary coverage and financial security. It is important to carefully assess one’s insurance needs and consult with LIC representatives to choose the most suitable plan and coverage amount.
Read More: [Link to the full article](https://economictimes.indiatimes.com/wealth/insure/life-insurance/lic-jeevan-kiran-life-insurance-cover-base-plan-options-death-benefits-premium-payment/articleshow/106630143.cms)
