How does my nominee claim the death benefit?

The nominee needs to submit a death certificate, policy documents, and any required forms to the insurer. After verification, the payout is processed.

How much coverage should I get?

A good rule of thumb is to have coverage that is 10-15 times your annual income, but the exact amount depends on factors like debts, living expenses, and future financial goals.

Can I increase my coverage later?

Some insurers allow policyholders to enhance coverage at key life stages (marriage, childbirth) through step-up options. Otherwise, a new policy may be needed.

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Term Insurance

LIC Jeevan Kiran

Compare LIC Jeevan Kiran benefits, exclusions, ratings and related variants in one place.

1.98

Solvency

98.66

ICR

0.23

Growth

3,384,589.98

AUM

Get your term insurance quote

Gender

Date of Birth

Coverage amount

Annual income

Education level

Your occupation

Current Location

Smoker / Non Smoker

Yes

Get your term insurance quote

Gender

Date of Birth

Coverage amount

Annual income

Education level

Your occupation

Current Location

Smoker / Non Smoker

Yes

1.98

Solvency

98.66

ICR

0.23

Growth

3,384,589.98

AUM

About

About LIC Jeevan Kiran

LIC's Jeevan Kiran is a non-linked, non-participating, individual savings life insurance plan that offers financial protection to the policyholder's family in the event of the policyholder's untimely demise during the policy term. Notably, if the policyholder survives the policy term, the plan returns the total premiums paid, excluding any extra premium, rider premium, and applicable taxes. This dual benefit structure ensures both risk coverage and savings, making it a suitable choice for individuals seeking comprehensive financial security.

About Company

About Life Insurance Corporation of India

Life Insurance Corporation of India (LIC) is a state-owned life insurance company established in 1956. Life Insurance Corporation of India (LIC) was founded by the Government of India,through the integration of several private insurance companies.LIC offers a wide range of insurance products, including plans for life protection, pension, and investment. LIC is recognized for its trustworthiness and strong customer base, providing financial security to millions. It plays a pivotal role in the country’s insurance sector and aims to deliver value to its customers through reliable services and customer-centric policies.

Life Insurance Corporation of India (LIC) is a state-owned life insurance company established in 1956. Life Insurance Corporation of India (LIC) was founded by the Government of India,through the integration of several private insurance companies. LIC offers a wide range of insurance products, including plans for life protection, pension, and investment. LIC is recognized for its trustworthiness and strong customer base, providing financial security to millions. It plays a pivotal role in the country’s insurance...

Testimonials

Life Insurance Corporation of India Customer Testimonials

Customer feedback and experiences.

Have been associated with Ruchir and his team… They have provided me excellent guidance in choosing the right plans for myself and my family……always been available to assist with any insurance/claim queries.

Nakul N

I want to sincerely thank Sunad for being there for me throughout the entire claim process. He helped me through so many ups and downs, always patient and ready to support when things got tough. I honestly don’t know how I would have managed without his guidance and encouragement. Sunad made a difficult situation feel a lot less stressful, and I’m truly grateful for his kindness and steadfast help.

Prashant Pandey

Had a great experience with them during a difficult time. After my mother’s accident, we had to pay the hospital bill upfront, as cashless wasn’t available. They guided us through the reimbursement process, helped file the claim, and consistently followed up with the insurer until it was settled. Their support with the post-hospitalization claim was equally prompt and thorough.

Jatin Gala

My heartfelt thanks to the OneAssure team for making my insurance claim process effortless. Right from the very first interaction, they demonstrated professionalism, clear communication, and an impressive command of the procedures involved. Their swift updates, timely guidance, and persistent follow-through removed all the stress from what could have been a complicated experience.

Anju Renjith

I am truly grateful for the support and guidance I received in settling my insurance claim. The entire process was handled with great professionalism, clarity, and efficiency. Their prompt response, deep knowledge of the procedures, and consistent follow-ups ensured a smooth and hassle-free experience.Thank you once again for your invaluable help, highly recommended!

Yogesh Meena

I recently had the pleasure of purchasing health insurance for my parents through this company, and my experience has been exceptional...The team was incredibly patient and took the time to explain every detail to me. No matter how many times I asked questions, they were always calm and thorough in their explanations. Their professionalism and dedication made a significant difference in helping me make an informed decision.

Akash Kumar

OneAssure helped me understand my needs and choose a product that was right for me. There was no pressure tactics or mis-selling. This experience was respectful, informed, and completely stress-free.

Shreya Goyal

Had a great experience with OneAssure during my insurance claim process. A special shoutout to Sunad Raj for his exceptional support, he was professional, responsive, and guided me every step of the way. Thanks to his consistent follow-ups and clear guidance, the entire claim settlement was smooth and hassle-free. Highly recommend OneAssure for their service and transparency!

Sanjay Dakalia

The team is very professional and prompt. I would have all my health and life insurance needs met through them.

Harish Jindal

Very professional service from Ruchir & Aman. They were recommended by a friend who had a positive experience with them. I have taken both health and life policies through them and they have advised me well throughout the process and found the best options available in the market. I had a medical condition due to which it was difficult to find a suitable health policy in the market, however this team was able to find one for me. I would recommend their services to anyone looking to buy health or life insurance.

Siddhartha Saha

Wonderful experience with Prost. Right from suggesting the insurance products to claim process the entire experience hai been seamless. They do not mis-sell and are very transparent. Sundar Raj from the team has been wonderful and ensured prompt guidance. All the best Ruchir and keep up the good work!

Adarsh Ravindranathan

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Inclusions and Exclusions

Inclusions and Exclusions of Life Insurance Corporation of India

Premium Payment Customizations

Policyholders can choose between:Single Premium Payment – One-time lump sum payment.Regular Premium Payment – Paid throughout the policy term.
Available premium payment modes: Yearly and Half-Yearly.

High Sum Assured Rebate

Policyholders opting for a higher sum assured get a rebate on premiums based on the chosen coverage amount.
The rebate percentage varies according to the sum assured and age band.

Waiting Period & Suicide Clause

If the policyholder dies by suicide within 12 months from the policy start date, the nominee receives 80% of total premiums paid.
For single premium policies, the refund is 90% of the premium paid.

Revival of Lapsed Policies

If premiums are not paid within the grace period, the policy lapses.
A lapsed policy can be revived within 5 years from the first unpaid premium date by paying arrears with interest.

Settlement Option for Maturity Benefit

Instead of receiving a lump sum, policyholders can choose to receive maturity benefits in installments over 5 years.
Available payout modes: Monthly, Quarterly, Half-Yearly, or Yearly.

Premium Payment Customizations

Policyholders can choose between:Single Premium Payment – One-time lump sum payment.Regular Premium Payment – Paid throughout the policy term.
Available premium payment modes: Yearly and Half-Yearly.

High Sum Assured Rebate

Policyholders opting for a higher sum assured get a rebate on premiums based on the chosen coverage amount.
The rebate percentage varies according to the sum assured and age band.

Waiting Period & Suicide Clause

If the policyholder dies by suicide within 12 months from the policy start date, the nominee receives 80% of total premiums paid.
For single premium policies, the refund is 90% of the premium paid.

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Exclusions

45-day waiting period: Only accidental death is covered; death due to natural causes or illness is excluded.
If death occurs by suicide within 12 months, only a percentage of the premiums paid is refunded.
Death due to pre-existing illnesses within the waiting period is not covered.
Death due to intentional self-harm (excluding suicide clause) is not covered.
Death occurring while committing unlawful acts is excluded.
Death due to drug overdose, alcohol abuse, or intoxication is not covered.
Death caused by war, terrorism, or nuclear hazards is excluded.
Death from extreme sports, aviation (except as a passenger), or military operations is not covered.

Claim Process

Claim Settlement Process

Steps and flow followed by the insurer.

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Purchase flow from OneAssure.

Things to Remember

Keep KYC documents and nominee details ready before purchase.

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Renewal steps and key points.

FAQs

Frequently Asked Questions

Got questions about health insurance? You’re not alone. Here are some of the most commonly asked questions to help you understand plans, coverage, claims, and benefits better.