LIC Jeevan lakshya plan

LIC Jeevan Lakshya is a participating non-linked plan which offers a combination of protection and savings. This plan provides for Annual Income benefit that may help to fulfill the needs of the family, primarily for the benefit of children, in case of unfortunate death of Policyholder any time before maturity and a lump sum amount at the time of maturity irrespective of survival of the Policyholder. This plan also takes care of liquidity needs through its loan facility.

Premium Payment Mode: Yearly, Halfly, Quarterly, Monthly(ECS)

Term : 13 to 25 Years

P.P.T. : (Policy Term - 3) Years

Minimum Entry Age : 18 Year Completed

Maximum Entry Age : 50 Year (Nearest Birthday)

Maximum Maturity Age : 65 Year (Nearest Birthday) 

Minimum Sum Assured : Rs. 1,00,000 

Maximum Sum Assured : NO LIMIT (Depending upon Income)

Maximum Accidental Death and Disability Benefit Rider up to age 65.

Policy Benefits :

On Death : 

Benefits payable 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 : 

Available after payment of premium of 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 info, call me at 9886568000 04 9480240513.