LIC launches Jeevan Kiran to Offer Life Cover

Current Context: LIC’s Jeevan Kiran, a new life insurance policy that offers life cover with premium return. This is a non-linked, non-participating individual savings and life insurance plan that provides financial help to the family in the event of the life assured’s untimely death during the policy term and refunds the total premiums paid in the event of survival to adulthood.

• The minimum entry age is 18 years and the maximum entry age is 60 years.The policy term ranges from 10 to 35 years.
• The minimum sum assured is Rs. 1 lakh and there is no limit on the maximum sum assured.The premium payment mode can be yearly, half-yearly, quarterly or monthly.
• The policy also provides optional riders such as accidental death and disability benefit rider, critical illness benefit rider, term assurance rider and premium waiver benefit rider.
• If you want to apply for this plan online, you can visit LIC’s official website3 and fill up the online application form. You will need to provide your personal details, income details, nominee details, health declaration and bank details.

Question:

Q.1 What is the minimum entry age for LIC’s Jeevan Kiran?
a. 15 years
b. 18 years
c. 21 years
d. 25 years