LIC Jeevan Azad Plan 768

LIC Jeevan Azad Plan 768 is a savings-oriented life insurance plan by LIC of India. Designed for goal-based planning, this non-linked, non-participating plan offers guaranteed maturity benefits, financial protection for your family, and flexible policy terms between 15 to 20 years. Ideal for individuals seeking low-risk returns with life cover, it includes loan facilities, rider options, and tax savings under Sections 80C & 10(10D). Premiums are payable for a limited term, making it a smart choice for disciplined savers.

No Medical is required up to 3 Lakhs Sum Assured

Medical is not required up to 3 Lakhs Sum Assured. Medical is required for Sum Assured More than 3,25,000.

Limited Premium Paying Term

Premium Paying Term shall be 8 Years less than the Selected Policy Term.

Maturity is Guaranteed in LIC Jeevan Azad Plan 768

Sum Assured shall be payable as Maturity.

Advantages of LIC Jeevan Azad Plan 768

Avail Tax Benefit on premium paid

Loan Facility is available after completion of first year

Eligibility Criteria:

	Minimum	Maximum
Age at Entry	30 Days (Completed)	50 Years
Term	15 Years to 20 Years
Premium Paying Term	Policy Term – 8 Years
Sum Assured	2 Lakhs	5 Lakhs

Premium Modes of LIC Jeevan Azad Plan 768

Yearly, Half-Yearly, Quarterly and Monthly (NACH only) or through salary deductions (SSS).

Riders Available of LIC Jeevan Azad Plan 768

LIC’s Accidental Death and Disability Benefit Rider
LIC’s Accident Benefit Rider
LIC’s Premium Waiver Benefit

Loan Facility of LIC Jeevan Azad Plan 768

Loan facility is available after completion of the first policy year provided one full year premium has been paid.

Maturity Benefit of LIC Jeevan Azad Plan 768

Sum Assured is payable on Maturity.

Death Benefit of LIC Jeevan Azad Plan 768

The death benefit is payable on the death of the life assured during the policy term after the date of commencement of risk and before the date of maturity.

The death benefit shall be “Sum Assured on Death” where “Sum assured on Death” is defined as higher of ‘Basic Sum Assured’ or ‘7 times of Annualized Premium’.

The Death Benefit shall not be less than 105% of ’Total Premiums Paid’ up to the date of death.

Settlement Option in LIC Jeevan Azad Plan 768 is also available on Maturity & Death Benefits.

Tax Benefit of LIC Jeevan Azad Plan 768

You can avail Tax Benefits under Section 80C of the Income Tax Act 19

Q1. What is LIC Jeevan Azad Plan 768?

LIC Jeevan Azad is a non-linked, non-participating, individual savings life insurance plan offering guaranteed maturity benefits and life cover for a fixed term.

Q2. What is the policy term for Jeevan Azad?

The policy term ranges from 15 to 20 years, and the premium payment term is policy term minus 8 years.

Q3. What is the minimum and maximum sum assured?

The minimum sum assured is ₹2,00,000, and the maximum is ₹5,00,000 (in multiples of ₹25,000).

Q4. Who is eligible to buy the LIC Jeevan Azad Plan?

Anyone aged 90 days to 50 years can purchase the plan, subject to the policy term and sum assured limits.

Q5. Are there any tax benefits under this plan?

Yes. Premiums are eligible for deduction under Section 80C, and maturity/death benefits qualify for exemption under Section 10(10D) of the Income Tax Act.

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