LIC Insurance Plan - Jeevan Lakshya (Plan No. 833)

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This is a limited premium paying term conventional With-Profits Endowment Assurance plan where premium paying term is less than policy term by three years.

• Minimum Basic Sum Assured: Rs. 1,00,000/- 

• Maximum Basic Sum Assured: No Limit 

• Minimum Policy Term: 13 years 

• Maximum Policy Term: 25 years 

• Premium Paying Term: (Policy Term - 3) Years 

• Minimum Entry Age: 18 years (completed) 

• Maximum Entry Age: 50 years (nearer birthday) 

• Maximum Age at Maturity for Life Assured: 65 years 

• Mode of Premium Payment: Yearly, half-yearly, quarterly & monthly 

• Accidental Death & Disability Benefit Rider is available on payment of additional premium. 

LIC's Jeevan Lakshya Benefit Details

• On Death: Sum Assured on Death + Bonuses & Final Additional Bonus, if any, shall be payable in following manner.

• Annual Income Benefit equal to 10% of the Basic Sum Assured (till policy anniversary prior to date of maturity)

• Assured Absolute Amount of 110% of Basic Sum Assured, payable (on due date of maturity). Along with Bonuses & Final Additional Bonus, if any, on maturity. (on due date of maturity)

• On Survival : On survival Basic Sum Assured + Vested Bonus + FAB if any.

• Surrendered Value: The Policy can be surrendered at any time during the policy term provided atleast 3 full years premiums have been paid.

• Loan : Loan Facillity is available under this plan, after payment of premiums for at least 3 full years.

• Income Tax Benefit: Premium paid under this plan is eligible for TAX rebate under section 80c.
 • Maturity under this plan is free under sec 10(10D).

For more details, Visit http://www.licallinonecalc.com/

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