Life Insurance Corporation (LIC), India’s most trusted and leading life insurance provider, has introduced a specialized insurance plan called Jeevan Bharati. This insurance plan is tailored specifically to cater to the financial needs of women, ensuring their safety and well-being through various life stages. The unique features of this plan offer women a comprehensive solution to secure their financial future and provide a reliable source of support during difficult times.
Understanding Jeevan Bharati – A Special Plan for Women
Jeevan Bharati is a non-linked, non-participating life insurance plan offered by LIC that provides a blend of financial protection along with an opportunity for long-term savings. This plan is specially designed for women and addresses various aspects of their financial planning, such as savings, investment, and ensuring financial protection for themselves and their families.
The plan offers both risk coverage and an investment opportunity, which can be tailored to meet the specific financial goals of women at different stages of their life. With increasing responsibilities and a growing need for financial independence, Jeevan Bharati serves as an essential tool for women to safeguard their future.
Key Features of Jeevan Bharati Plan
Tailored Coverage for Women: Jeevan Bharati is designed to cater to the needs of women, considering their unique financial situations and goals. Whether it’s for securing the future of their children, ensuring their retirement, or building an emergency fund, this plan can be customized to match individual needs.
Risk Protection: The plan provides comprehensive risk coverage by offering a life cover that ensures the insured woman’s family receives a lump sum benefit in case of her unfortunate demise. This benefit can help the family cope with the financial burden during difficult times.
Investment Growth: Jeevan Bharati offers an attractive investment option that allows policyholders to accumulate wealth over time. By investing in this plan, women can create a corpus that will grow steadily and serve as a financial safety net when needed.
Flexible Premium Payment Options: The plan offers flexible premium payment terms, which can be chosen based on an individual’s convenience and financial situation. Women can opt for yearly, half-yearly, quarterly, or monthly premium payment options, making it easier for them to manage their finances.
Tax Benefits: One of the standout features of Jeevan Bharati is the tax benefit it offers under Section 80C of the Income Tax Act. The premiums paid towards the plan are eligible for tax deductions, reducing the overall tax liability of the policyholder.
Survival Benefits: The policy also provides survival benefits, which ensure that if the policyholder survives the policy term, she will receive the accumulated amount along with bonuses, if any. This serves as a substantial lump sum amount that can be used for various purposes such as funding children’s education or planning for retirement.
Option for Riders: Jeevan Bharati allows the policyholder to enhance the coverage by adding riders like Accident Benefit Rider or Critical Illness Rider, which provide extra protection in case of accidental injuries or serious health conditions.
Women’s Empowerment Focus: The plan aims to empower women financially by providing them with the tools and resources needed to secure their future. The coverage can extend to the insured woman’s family, ensuring their financial stability in her absence.
Benefits of Jeevan Bharati for Women
Financial Independence: Jeevan Bharati is an excellent tool for women who wish to take charge of their financial future. With this plan, they can ensure that their families are financially secure, even in the face of unforeseen circumstances.
Long-Term Security for Family: One of the most significant advantages of this plan is that it ensures financial security for the family. Whether it’s to provide for the children’s education or the spouse’s future needs, the death benefit provided by this plan acts as a financial cushion for the loved ones.
Flexible Terms and Benefits: The flexibility offered by Jeevan Bharati ensures that it can be adapted to different life goals. From young working women to mothers, housewives, and retirees, this plan caters to the diverse financial goals of women.
Empowering Women to Plan for Their Future: Jeevan Bharati encourages women to take charge of their finances, plan for their future, and build a financial foundation for themselves and their families.
Why Choose LIC’s Jeevan Bharati Plan?
LIC has earned a reputation as a trusted and reliable insurer over decades of service to millions of Indians. Their deep understanding of the diverse financial needs of individuals makes their plans ideal for providing financial security.
Jeevan Bharati’s comprehensive coverage, flexible premium options, and the ability to build wealth while ensuring protection for the family make it an ideal plan for women who want to secure their future. Moreover, with the added bonus of tax benefits and the option to enhance coverage with riders, this plan stands out as one of the most comprehensive insurance options available for women in India.
Outcomes
In conclusion, Jeevan Bharati by LIC is a powerful financial tool designed specifically for women’s needs. With its comprehensive protection, investment growth, flexible premiums, and empowering focus on women’s financial independence, it’s an ideal plan for women at various stages of life. Women who are looking for a reliable way to secure their future and safeguard the financial well-being of their families should consider LIC’s Jeevan Bharati plan as a vital part of their financial strategy.
Secure your future today with Jeevan Bharati and take the first step towards achieving financial independence and well-being.
