LIC Jeevan Raksha Plan 894
Complete Details, Benefits, Premium, Eligibility & Policy Features 2026
LIC Jeevan Raksha Plan 894 – An Introduction
LIC has introduced LIC Jeevan Raksha Plan 894, a new pure protection term insurance plan designed mainly for financial security of the family. The plan was introduced by Life Insurance Corporation of India in September 2026 and carries UIN 512N368V01.
A term insurance plan is different from a traditional savings plan. Its main purpose is life protection. In simple words, if the insured person dies during the policy term and the policy is in-force, the applicable death benefit is payable to the nominee according to the policy conditions.
Isliye LIC Jeevan Raksha ko investment or maturity-return plan samajhna sahi nahi hoga. Its primary purpose is pure life risk protection.
LIC Plan 894 – Key Features
| Feature | Details |
|---|---|
| Plan Name | LIC's Jeevan Raksha |
| Plan Number | 894 |
| UIN | 512N368V01 |
| Plan Type | Term Assurance / Pure Risk Cover |
| Purpose | Life protection for the family |
| Premium Options | Flexible premium payment options including Single Premium |
| Policy Term | Flexible policy-term options as applicable |
| Coverage | Available up to 60 years of age, subject to plan conditions |
| Special Rates | Different rates for smokers/non-smokers and women |
What is LIC 894 Plan?
Many people searching online use different terms such as LIC 894 Plan, LIC Plan No 894, Jeevan Raksha 894 or LIC Jeevan Rakshak Plan 894. These searches generally refer to the same LIC product: LIC's Jeevan Raksha – Plan No. 894.
The basic idea is simple. A person chooses an appropriate life cover and policy term. Premium is paid according to the selected payment option. During the policy term, the life cover remains available subject to the policy being in-force and all applicable conditions being satisfied.
This type of protection can be particularly important for a family where one person's income is supporting household expenses, children's education, housing commitments or other financial responsibilities.
LIC Jeevan Raksha 894 – Who May Consider It?
Jeevan Raksha may be considered by individuals who want a dedicated life insurance cover without combining the protection requirement with a savings or investment component.
- Working individuals with family responsibilities
- Parents who want financial protection for dependants
- People with home loans or other long-term financial commitments
- Self-employed professionals and business owners
- Individuals looking for pure-risk life insurance
- Eligible housewives and major students, subject to LIC's conditions
The right amount of cover depends on income, liabilities, family needs, existing insurance and future financial responsibilities. Therefore, choosing a sum assured only by looking at the premium may not be the best approach.
LIC Jeevan Raksha Premium
One of the important questions people ask is: “LIC Jeevan Raksha premium kitna hai?”
There is no single premium applicable to every customer. The premium can vary depending on factors such as age, gender, smoking status, selected Basic Sum Assured, policy term and premium payment option.
LIC also provides different rates for smokers and non-smokers and special rates for women under the applicable conditions.
Younger age + suitable policy term + appropriate risk profile can result in a different premium compared with an older applicant or a different risk category.
Therefore, instead of relying on an old online premium example, customers should check the latest LIC quotation for their exact age, cover and term.
LIC 894 Policy Term and Premium Payment Flexibility
LIC Jeevan Raksha provides flexibility in selecting the policy term and premium payment structure, including a Single Premium option.
This flexibility is useful because every person's financial situation is different. Some people prefer paying premiums regularly, while others may prefer a single-payment structure where available.
However, the choice should be made after considering the complete policy conditions, premium affordability and the duration for which life protection is actually required.
Death Benefit under LIC Jeevan Raksha Plan 894
The main benefit of Jeevan Raksha is the death benefit payable during the policy term, subject to the terms and conditions of the policy.
If the Life Assured dies while the policy is in-force, the applicable Sum Assured on Death is payable to the nominee according to the option and policy conditions selected.
This is the core purpose of a pure term insurance plan: to provide a financial safety net to the family when the earning member is no longer available.
Because exact death-benefit calculation can depend on the selected premium option and policy conditions, customers should always refer to their individual policy document for the final benefit.
Does LIC Jeevan Raksha 894 Give Maturity Benefit?
This is an important point for anyone searching for LIC 894 Plan Details.
Jeevan Raksha is designed as a pure risk term assurance plan. Therefore, its primary purpose is life protection and it should not be presented like a traditional endowment policy where a maturity corpus is the main attraction.
Before purchasing, customers should clearly understand the difference between a pure protection plan and a savings-oriented LIC plan. If your primary requirement is high life cover at an affordable premium, a term plan may be relevant. If you specifically want guaranteed savings or maturity benefits, other LIC products may need to be evaluated separately.
LIC Jeevan Raksha 894 for Smokers and Non-Smokers
Another useful feature of LIC Jeevan Raksha is the differential pricing structure for smokers and non-smokers, subject to the applicable underwriting rules.
LIC also provides different rates for women. This means the premium is not necessarily the same for every person even when the Sum Assured and policy term are similar.
The final premium should therefore be taken from the current LIC quotation after providing the correct information in the proposal.
LIC Jeevan Raksha 894 – Without Medical Tests?
LIC's current online information describes Jeevan Raksha as offering high insurance at affordable rates and notes availability without medical tests for applicable cases. However, this does not mean that every applicant will automatically qualify without medical examination.
Medical requirements can depend on factors such as age, Sum Assured, health information, proposal details and LIC's underwriting requirements.
So, “without medical test” should always be understood as subject to LIC's applicable eligibility and underwriting conditions.
LIC Jeevan Raksha 894 – Why Term Insurance Matters
Imagine a family where the main earning member has several years of working life ahead and the family depends heavily on that income. A life insurance policy can help reduce the financial impact of an unexpected death.
The purpose is not to generate short-term profit. The purpose is protection. That is why term insurance is often discussed separately from savings and investment plans.
LIC Jeevan Raksha Plan 894 follows this pure-protection approach. It can be considered as part of a broader financial protection strategy, depending on the person's needs and eligibility.
LIC Jeevan Raksha Plan 894 – Simple Hindi Explanation
LIC Jeevan Raksha Plan 894 ek pure term insurance plan hai. Iska main purpose family ko life protection dena hai. Agar policy term ke during Life Assured ki death hoti hai aur policy applicable conditions ke according in-force hai, to nominee ko death benefit milta hai.
Is plan mein premium payment ke liye flexibility di gayi hai, including Single Premium option. LIC ke current information ke according smokers aur non-smokers ke liye different rates hain aur women ke liye bhi applicable special rates available hain.
Simple words mein, Jeevan Raksha 894 ka main focus “protection” hai, not traditional maturity savings. Isliye policy lene se pehle apni family requirement, income, liabilities aur required life cover ko properly understand karna important hai.
LIC Jeevan Rakshak Plan 894 – Is This the Same Plan?
Google search mein kuch users “LIC Jeevan Rakshak Plan 894” type kar rahe hain. Official LIC name is LIC's Jeevan Raksha, Plan No. 894.
So, if you search for “LIC 894”, “LIC 894 Plan Details”, “LIC Plan No 894” or “Jeevan Raksha 894”, you are generally looking for information about this same current term assurance plan.
Frequently Asked Questions – LIC Jeevan Raksha 894
1. What is LIC Jeevan Raksha Plan 894?
LIC Jeevan Raksha Plan 894 is a current Term Assurance / Pure Risk plan from Life Insurance Corporation of India, designed mainly for life protection.
2. What is the UIN of LIC Plan 894?
The UIN of LIC's Jeevan Raksha Plan 894 is 512N368V01.
3. Is LIC 894 a term insurance plan?
Yes. LIC Jeevan Raksha Plan 894 is a Term Assurance / Pure Risk insurance plan.
4. Does LIC Jeevan Raksha provide maturity benefit?
The plan is primarily designed for pure life-risk protection rather than as a traditional savings plan with a maturity corpus.
5. Can housewives and major students get LIC Jeevan Raksha?
LIC's current online information states that the plan is also available for eligible housewives and major students, subject to applicable conditions.
6. Are smokers and non-smokers charged the same premium?
No. LIC provides differential rates for smokers and non-smokers, subject to the applicable underwriting conditions.
7. What is LIC 894 mainly meant for?
The main purpose is financial protection for the family in case of the death of the Life Assured during the applicable policy term.
8. How can I know my LIC Jeevan Raksha premium?
The premium depends on personal and policy-related factors. The most reliable way is to obtain the current LIC quotation for your age, cover, term and selected premium option.
LIC Jeevan Raksha Plan 894 – Understand Before You Buy
Term insurance is mainly about protection. Before choosing a policy, compare your required life cover, policy term and premium payment option carefully.
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