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LIC’s Jan Suraksha Plan 880: Complete Guide, Benefits,
Eligibility, Premium, and Policy Details (2026)
Life Insurance Corporation of India (LIC) has been one of
the most trusted insurance institutions in India for decades. Among its many
social security–oriented products, LIC’s Jan Suraksha Plan 880 stands
out as an affordable and simple life insurance scheme designed mainly for
economically weaker sections of society.
What Is LIC’s Jan Suraksha Plan 880?
LIC’s Jan Suraksha (Plan No. 880) is a term
assurance life insurance policy that provides financial protection to the
family of the policyholder in case of the policyholder’s death during the
policy term.
This plan was introduced with the objective of promoting financial
inclusion and ensuring that life insurance reaches people with low
income, especially those working in the unorganized sector.
It is a non-linked, non-participating, pure protection
plan, meaning:
- There
is no maturity benefit
- The
policy provides death benefit only
- Premiums
are very low and affordable
Key Objectives of LIC Jan Suraksha Plan
The main goals of this plan include:
- Providing
basic life insurance cover at a minimal cost
- Supporting
families financially after the death of the earning member
- Encouraging
insurance awareness among low-income groups
- Extending
social security benefits to rural and semi-urban populations
Type of Policy: Term Insurance
LIC’s Jan Suraksha Plan 880 is a pure term insurance
policy.
This means:
- If
the policyholder survives the policy term, no amount is paid
- If
the policyholder dies during the policy term, the sum assured is paid
to the nominee
This structure helps keep premiums extremely low.
Eligibility Criteria for LIC Jan Suraksha Plan 880
Before purchasing this policy, it is important to understand
who is eligible.
Minimum Age at Entry
- 18
years
Maximum Age at Entry
- 50
years
Maximum Age at Maturity
- 70
years
This makes the policy suitable for young earners as well as
middle-aged individuals.
Policy Term Options
The policy term under LIC Jan Suraksha Plan 880 is flexible.
- Minimum
policy term: 15 years
- Maximum
policy term: 35 years
The policy term is chosen at the time of purchase and cannot
be changed later.
Sum Assured Under Jan Suraksha Plan 880
The Sum Assured is the amount paid to the nominee in
case of the policyholder’s death during the policy term.
Minimum Sum Assured
- ₹30,000
Maximum Sum Assured
- ₹2,00,000
(may vary as per LIC norms)
The sum assured must be selected based on income level and
family responsibilities.
Premium Structure of LIC Jan Suraksha Plan 880
One of the biggest advantages of this policy is its very
low premium.
Premium Payment Modes
- Yearly
- Half-Yearly
Monthly mode is generally not available for this plan.
Premium Determinants
Premium depends on:
- Age
of the policyholder
- Policy
term
- Sum
assured
- Gender
Since it is a term plan with no maturity benefit, premiums
are significantly lower compared to traditional life insurance policies.
Sample Premium Illustration (Indicative)
Note: Actual premium may vary. This is for
educational understanding only.
- Age:
30 years
- Policy
Term: 25 years
- Sum
Assured: ₹1,00,000
- Approximate
Annual Premium: ₹300 – ₹500
Such affordability makes it ideal for workers in small
businesses, farming, daily wage employment, and the informal sector.
Death Benefit Under LIC Jan Suraksha Plan 880
The death benefit is the core feature of this plan.
If the policyholder dies during the policy term:
- The
full Sum Assured is paid to the nominee
- Payment
is made as a lump sum
- Claim
settlement follows LIC’s standard claim process
There are no survival or maturity benefits under this
policy.
Maturity Benefit: Is There Any?
No.
LIC Jan Suraksha Plan 880 does not offer any maturity
benefit.
If the policyholder survives until the end of the policy
term:
- The
policy expires
- No
amount is payable
This is clearly mentioned in policy conditions and should be
understood before purchasing.
Loan Facility: Is Loan Available?
- No
loan facility is available under this plan
Since this is a pure term insurance policy, it does not
acquire any surrender value.
Surrender Value of Jan Suraksha Plan 880
- No
surrender value
- The
policy cannot be surrendered for cash
- If
premiums are discontinued, the policy lapses
Grace Period for Premium Payment
LIC provides a grace period in case of delayed premium
payment:
- 30
days for yearly and half-yearly modes
If the premium is not paid within the grace period, the
policy may lapse.
Revival of Lapsed Policy
A lapsed policy can be revived within two years from
the date of first unpaid premium, subject to:
- Payment
of arrears
- Evidence
of continued insurability
- Approval
by LIC
Revival conditions are governed by LIC’s rules at the time
of revival.
Exclusions Under LIC Jan Suraksha Plan
Like most insurance policies, certain exclusions apply.
Suicide Clause
- If
death occurs due to suicide within one year from policy
commencement, no claim is payable
- Only
premiums paid may be returned, subject to LIC rules
It is always recommended to read the policy document
carefully.
Tax Benefits Under Jan Suraksha Plan 880
Income Tax Act, 1961
- Premiums
paid may qualify for tax deduction under Section 80C, subject to
prevailing tax laws
- Death
benefit received by nominee is generally tax-free under Section 10(10D)
Tax benefits depend on individual tax status and government
regulations at the time of claim.
Who Should Buy LIC Jan Suraksha Plan 880?
This policy is best suited for:
- Daily
wage workers
- Small
shop owners
- Farmers
and agricultural laborers
- Self-employed
individuals with low income
- Individuals
looking for basic life cover at minimal cost
It is not suitable for those looking for:
- Investment
returns
- Savings
or maturity benefits
- Wealth
creation
Advantages of LIC Jan Suraksha Plan 880
- Extremely
low premium
- Simple
policy structure
- Backed
by LIC’s trust and claim settlement record
- Easy
eligibility
- Suitable
for rural and semi-urban populations
- Provides
essential financial protection
Limitations of LIC Jan Suraksha Plan
- No
maturity benefit
- Low
maximum sum assured
- No
riders or add-ons
- No
surrender or loan facility
- Limited
premium payment modes
Understanding these limitations is important before
purchase.
Documents Required to Buy Jan Suraksha Plan 880
Generally required documents include:
- Proof
of age (Aadhaar card, voter ID, birth certificate)
- Address
proof
- Identity
proof
- Passport-size
photograph
Medical examination is usually not required for low
sum assured, subject to LIC norms.
How to Buy LIC Jan Suraksha Plan 880?
You can purchase the policy through:
- LIC
authorized agents
- LIC
branch offices
- Special
government or group initiatives (where applicable)
Online purchase is usually not available for this
plan.
Claim Settlement Process
Steps to File a Death Claim
- Inform
the nearest LIC branch
- Submit
claim form
- Provide
death certificate
- Submit
policy document
- Identity
proof of nominee
LIC processes claims as per its internal guidelines.
Important Points to Remember
- Always
disclose correct personal information
- Choose
an appropriate nominee
- Pay
premiums on time
- Keep
policy documents safe
- Inform
family members about the policy
Comparison With Other LIC Term Plans
LIC Jan Suraksha Plan 880 is different from modern online
term plans because:
- It
focuses on affordability rather than high coverage
- It
is meant for social security, not financial planning
- Sum
assured is much lower than standard term plans
Frequently Asked Questions (FAQs)
Is LIC Jan Suraksha Plan 880 still active?
The availability of the plan depends on LIC’s current
offerings. Always confirm with an LIC branch or agent.
Can women apply for this plan?
Yes, both men and women are eligible.
Is medical test required?
Usually not, for low sum assured amounts.
Can I increase sum assured later?
No, sum assured cannot be increased once the policy starts.
Is this policy good for investment?
No. This is purely a protection plan.
Final Thoughts
LIC’s Jan Suraksha Plan 880 is a simple, affordable,
and socially relevant life insurance policy designed to protect families with
limited income. While it does not offer returns or maturity benefits, it serves
its primary purpose—financial security in case of untimely death.
For individuals seeking a low-cost life insurance cover
backed by LIC’s credibility, Jan Suraksha Plan 880 can be a practical
choice.
Disclaimer
This article is for educational and informational
purposes only. Policy features, premiums, and benefits are subject to LIC’s
official terms and conditions. Readers are advised to verify details with LIC
or an authorized agent before purchasing any insurance policy.