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  • About Policy
Features of LIC Jeevan Lakshya :

• Its an investment with insurance plan which provides Life risk cover and good returns.
• Maturity benefit constitutes of Basic Sum assured with Bonus. Premium payment term will be 3 years less to that of the Policy Term. So the premium need not be paid for the last 3 policy years.
• Accidental Death Benefit is available with this policy with some additional cost.
• This plan can be provided to people with hazardous occupation with some additional premium
• An optional Term Assurance Rider can be availed with some extra cost.

LIC Jeevan Lakshya Eligibility Conditions :

Minimum

Maximum

Sum Assured (in Rs.) 1,00,000 No Limit
Policy Term (in years) 13 25
Premium Payment Term(in years) Policy Term - 3 years
Entry Age of Life Insured 18 50
Age at Maturity - 65
Payment modes Yearly, Half-yearly, Quarterly, Monthly

Benefits of LIC Jeevan Lakshya :
Maturity Return : Basic Sum Assured with Vested simple reversionary Bonus and Final Additional Bonus (if any) will be given on Policy maturity.

Death Benefit – On the death of the life insured before policy maturity, 10% of the Sum Assured will be provided to the nominee on every policy anniversary till the policy maturity . 110% of Sum Assured with Bonus and Final Additional Bonus (if any) will be paid on the date of maturity irrespective of whether the insured person survives or not.

Income Tax Benefit – Available under Section 80 C for premiums paid and Section 10 (10D) for Maturity returns
Loan on Policy - Available after payment of 3 full year premium.
Housing Loan Surity - Available

Sum Assured


 

Policy Plan


Policy Term (Yrs)

Double Accident Benefit

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Mobile

+91

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Date of Birth



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LIC Jeevan Lakshya

Jeevan Lakshya (Table 833) is a savings with protection plan where 10% of the Sum Assured will be provided as death benefit to the nominee every year incase of any risk to the life of the insured person. Sum assured with accured bonus and Final Additional Bonus will be paid back at the end of the policy term, irrespective of whether the policy holder is alive or not.

If the insured person survives till the end of the policy term, Sum assured with Bonus and Final additional bonus (if any) will be paid.

An Accidental Death Benefit rider is available with payment of Rs.100/- per 1 Lakh sum assured per year. This is an optional rider, which if opted, a sum assured will be paid to the nominee if the life insured expires with an accidental risk.

Service Tax is applicable on the premium paid for this policy, at the rate of 3.625% for the 1st year premium and 1.81% from 2nd year onwards.