Oct 29, 2025, 05:50:50 PM IST

LIC Jan Suraksha Plan is a life micro insurance plan. A microinsurance plan is an affordable insurance product designed for low-income individuals and families. It is a non-par, non-linked individual savings insurance plan. The plan will benefit the family in case of the unfortunate death of the policyholder during the policy term and a lump sum amount at the time of maturity for the surviving policyholder.This plan is only available for standard healthy lives without undergoing any medical examination.

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The LIC Jan Suraksha Plan falls under a life micro insurance plan. Premium for such a plan can be paid for a limited period. An auto cover facility becomes available after payment of three full years’ premiums. A policy loan can be availed after payment of at least one full year’s premium and completion of the first policy year. Guaranteed additions accrue from the inception of the policy and continue till the end of the policy term.

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The minimum basic sum assured is Rs 1,00,000, whereas the maximum basic sum assured per life is Rs 2,00,000. (Basic sum assured multiples shall be Rs 5,000).

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Jan Suraksha plan’s policy term is 12 to 20 years and the term to pay premium will be calculated by deducting 5 years from the policy term.

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The minimum and maximum age to buy LIC Jan Suraksha Plan are 18 years (completed) and 55 years respectively.

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