Question

Define Jeeven Aadhar Plan ​

Answer 1

$\red{\huge {\mathfrak{Jeevan \: Aadhar \: Plan }}}$



• Deduction from gross total income upto Rs. 75,000/- allowable on amount deposited with LIC under Jeeven Aadhar Plan for maintenance of an handicapped dependent ( Rs. 1,25,000/- where handicapped dependent is suffering from severe disability ).

Answer 2

LIC Jeevan Aadhar Plan is a special category plan as it is a Life Insurance Policy especially for handicapped dependents.It is basically a Limited Payment Whole Life Plan which can be utilized as a long term annuity plan after the death of the Life insured.

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