Jeevan Rekha – Plan No. 224



This policy is suitable for people who wish to have inflow of income at regular intervals and at the same time provide their family a lump sum amount on death. Jeevan Rekha is the only plan which offers both regular returns all throughout the life as well as ensures the security of the family.


The plan provides for Survival Benefit by way of return of 10% Sum Assured at the interval of every 5 years from the date of commencement of the policy during the life time of the policyholder.

In the event of unfortunate death of Life Assured, full Sum Assured along with Bonus and final additional bonus (if any), irrespective of earlier survival benefits, are payable.

Accident Benefit

The policy holder has an option to choose Accident Benefit Rider during the term of the policy or up to the age of 70, whichever is earlier. In the event of unfortunate death due to accident when the policy is in force, an additional amount equal to accident benefit sum assured is paid along with the claim.(This Rider is available for a maximum sum assured of US $ 100,000 for an individual, inclusive of all the policies, held by him). In case of total and permanent disability arising as a result of an accident, all future premiums to the extent of sum assured equivalent to accident benefit sum assured are waived and an amount equal to accident benefit sum assured will be paid in equal monthly installment spread over of 10 years.


Attribute Minimum limit Maximum limit
Sum Assured US $ 5000 (thereafter in multiples of US $1000) No limit
Age Entry 20years (Nearer Birthday) 65 years (Nearer Birthday)
Premium ceasing age 70 years (Nearer Birthday)
Term Whole life
Mode of Premium Payment Yearly, Half Yearly, Quarterly, or Single


Premium Rebate:

The plan is entitled for sum assured rebate if higher sum assured is opted.

Sum Assured             Rebate on                               Rebate on

                                    Regular Premium                 Single Premium


US$ 15,000 to 29,000              $ 3.00                          $ 20.00

US$ 30,000 & above                $ 4.00                          $ 40.00


Premium Payment

Premium Paying terms – Fixed terms of 2, 3, 4, 5, 10 years or single premium.

Policy Loan

Loan cannot be availed on this policy

Paid Up value

If  premium have been paid for a period of three years(two years in case of limited term payment) and thereafter due to unforeseen circumstances, payment cannot be made, policy will automatically be converted into a paid up policy for a reduced sum assured, payable on the date of maturity  or in event of unfortunate death, if earlier.


Commutation of Premium

All future premium payable for the remaining period can be made in lump sum at a special discounted rate.

Premium Sealing

One can pay premium in advance up to a period of 5 years in lump sum at a discounted rate. Unutilized portion of lump sum amount, if any, is refundable.


Policy can be transferred to LIC of India on repatriation of the policy holder to India. The transfer will be effected only if full first year’s premium is paid and on completion of one year from the date of acceptance, provided the policy is in full force for the full sum assured and on receipt of a written requested from the policy holder. The sum assured and attached bonus, if any, shall stand altered to the equivalent Indian rupee amount at the rate of exchange, current on the date on which the request for transfer is received by the Company and subject to the instruction current on that date of Reserve Bank of India.