LIC Jeevan Raksha (Plan No. 894)
New 2026 pure term plan – fixed, guaranteed death benefit of ₹5 lakh to ₹24 lakh with single, regular or limited premium.
LIC’s Jeevan Raksha (Plan 894, UIN 512N368V01) is a non-participating, non-linked pure risk (term) plan launched on LIC’s 70th anniversary and available from 7 September 2026. If the life assured dies during the policy term, the family receives a guaranteed, fixed death benefit. It is designed for people who want simple, affordable LIC protection of up to ₹24 lakh – for example a first policy for a young earner, cover for a loan, or extra protection alongside a savings plan.
| Plan name | LIC Jeevan Raksha |
|---|---|
| Plan number | 894 |
| UIN | 512N368V01 |
| Category | Term Insurance Plans |
How LIC Jeevan Raksha works
- Basic Sum Assured from ₹5 lakh to ₹24 lakh (₹50,000 multiples up to ₹7 lakh, ₹1 lakh multiples above that), subject to underwriting.
- Pay by single premium, regular premium or limited premium – whichever suits your budget.
- Entry age 18 to 45 years (last birthday); maturity age 33 to 60 years (near birthday).
- On death during the policy term, the guaranteed death benefit is paid to the nominee.
- Being a pure risk plan, there is no maturity benefit and no bonus.
Who should buy this plan?
- Young earners who want their first LIC term cover
- Families who want cover up to ₹24 lakh at a low cost
- People with a car or personal loan who want the loan covered
- Anyone who prefers to buy term insurance from LIC through a known office
Important points before you buy
- Special premium rates are available for women.
- A high sum assured rebate is available on bigger covers.
- Riders can be added for extra protection.
- For cover above ₹24 lakh, look at LIC New Tech-Term or Yuva Term / Digi Term.
Try the Life Insurance Cover Calculator
Why buy LIC Jeevan Raksha through Vedpal Singh?
- 20+ years of experience with LIC in the Chandigarh tri-city; Development Officer at LIC’s Manimajra branch.
- Honest comparison of plans – we suggest what fits your goal and budget, including term cover where needed.
- Doorstep service for proposal, KYC and medicals in Chandigarh, Mohali, Panchkula and Zirakpur.
- Lifetime after-sales help: premium reminders, loans, nominee change, revival and claim support for your family.
Frequently asked questions
Source: plan details summarised from LIC’s official plan list and brochures on licindia.in. Features, eligibility and rates may change – the latest LIC sales brochure prevails.
Related LIC plans
LIC New Tech-Term
LIC’s online term insurance – big cover at low premium, special rates for women and non-smokers.
LIC Yuva Term & Digi Term
LIC’s newer term plans aimed at young earners – offline (Yuva Term) and online (Digi Term).
LIC Saral Jeevan Bima
IRDAI standard term plan – simple features, easy for first-time buyers.
Get LIC Jeevan Raksha Quote
Apni details bhejiye – Vedpal Singh aapko call karke sahi plan batayenge.