Jeevan Sanchay is a money back plan which is giving Guaranteed Addition as well as loyalty addition instead of participating in profits of LIC. 

Guaranteed Addition:

The Guaranteed Addition @ Rs.70/- per thousand Sum Assured payable for each completed policy year (during which the policy was in force for the full Sum Assured) will be payable at the end of the term of the policy or earlier death of the life assured. 

Loyalty Addition (Final Payment):

If the premiums are paid for at least 5 years, loyalty addition may become available along with claim payments. The rate of loyalty addition will be declared by the corporation depending upon the corporation's experience with regards to mortality, interest & expenses and is  based on integral number of years' premiums paid. 

Accident Benefit:

The Accident Benefit will be exclusively guaranteed under this plan, subject to a maximum of Rs.5,00,000/- only.

Accident Benefit: 

Accident Benefit will be granted under the plan subject to the payment of additional premium of Rs.1/- per thousand S.A. subject to an exclusive limit of Rs.5,00,000. The following additional benefits will accure.

On death due to accident during the term of the contract and provided the policy is in full force on the date of death an additional sum equal to the basic Sum assured will be payable.

On disability due to accident, the basic sum assured will be paid, in monthly installment spread over a period of 10 years starting from first of the month following disablement.

Waiver of the premiums payable in future.

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