A Step-by-Step Guide For Applying for LIC Jeevan Kiran Online

The Life Insurance Corporation of India (LIC) has introduced the Jeevan Kiran policy, a non-linked, non-participating individual savings and life insurance plan. This plan provides financial assistance to the family in the event that the life assured dies unexpectedly during the policy term and recovers the complete premiums paid in the event that the life assured survives to maturity. This plan has differential premium rates for Smoker and Non-Smoker persons.

Maturity Benefit

If the policy is still in effect, the “Sum Assured on Maturity” is equal to the “Total Premiums Received by LIC” (less any excess premium, any rider premium, taxes, and so on) under the Regular Premium or Single Premium Payment Policy. The life insurance coverage will be terminated immediately after the maturity date.

Benefits Payable In The Event Of Death

If the Life Assured dies during the policy term after the date of risk commencing but before the stated Date of Maturity, the “Sum Assured on Death” will be paid as long as the policy is in force.

(1) For Regular Premium Payment policy, “Sum Assured on Death” is defined as the highest of:

• 7 times of Annualized Premium; or
• 105% of “Total Premium Paid” upto the date of death; or
• Basic Sum Assured.

(2) For the Single Premium Payment policy, “Sum Assured on Death” is defined as the higher of:

• 125% of Single Premium; or
• Basic Sum Assured.

This plan covers all types of fatalities, including accidental deaths, with the exception of suicide during the first year.

Optional Death Benefits

Death benefits can be paid in the following ways, depending on the policyholder’s preference: 

1. Lumpsum- The amount will be paid in a lump sum to the nominee.
2. In Installments- This option allows you to collect the Death Benefit from an active insurance policy in five equal instalments rather than a single sum. Payments must be made in advance at predetermined periods, such as annually, biannually, quarterly, or monthly.

This option is available to the Life Assured during his/her lifetime; for full or part of Death benefits payable under the policy.

LIC’s Jeevan Kiran Policy Details

The minimum basic sum insured is Rs.15,00,000, with no upper restriction on the maximum basic sum assured. Housewives and pregnant women are not permitted to participate in this plan. In addition, bids for female lives may be presented six months after the date of the last delivery. If the life proposed is not fully immunised against Covid-19, restrictions may apply. The minimum and maximum policy terms are 10 and 40 years, respectively.

Payment Of Premiums

Premiums can be paid annually, semi-annually, or as a single payment. Netbanking, Debit cards, Credit cards, Amex cards, UPI, IMPS, and e-wallets are all acceptable payment methods.

How To Buy LIC’s Jeevan Kiran Policy Online?

Step 1: Go to and select “BUY POLICY ONLINE.”
Step 2: Choose “LIC’s Jeevan Kiran” and press the “CLICK TO BUY ONLINE” button.
Step 3: Fill up your contact information (name, date of birth, phone number, email address, and nearest city) to generate an access ID and OTP.
Step 4: Fill out the captcha and submit. You will be sent a 9-digit access code and an OTP to your mobile phone and email address.
Step 5: Enter the OTP and continue.
Step 6: Enter the sum assured and the period to compute the premium, then choose the yes radio button and complete the form.
Step 7: Confirm the information, submit papers, and pay.
Step 8: On the LIC portal, upload all relevant papers. You will be sent a link. Non-medical cases will be completed based on the documents presented.
Step 9: Complete your online self-video verification.

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Stuti Talwar

Expressing my thoughts through my words. While curating any post, blog, or article I'm committed to various details like spelling, grammar, and sentence formation. I always conduct deep research and am adaptable to all niches. Open-minded, ambitious, and have an understanding of various content pillars. Grasp and learn things quickly.

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