LIC's Jeevan Lakshaya is a limited premium paying conventional With profits Endowment Assurance plan. 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 Policy Holder any time before maturity and a lump sum amount at the time of maturity independant of survival of the Policy Holder.
Jeevan Lakshya is a limited premium paying conventional profit linked Endowment Assurance plan which provides Annual Income Benefit to fulfill the family requirements.
In case of death of the policy holder takes place prior to the maturity, 10% of the basic sum assured will be paid on every policy anniversary, further it also provides a lump sum amount at the time of maturity regardless of survival of the policy holder.
|Eligibility Criteria For Jeevan Lakshya Plan|
|Minimum Age at Entry||18 Years (Completed)|
|Maximum Age at Entry||50 Years(Nearest Birthday)|
|Maximum Maturity Age||65 Years(Nearest Birthday)|
|Policy Term||13 Years to 25 Years|
|Premium Paying Term(PPT)||Policy Term -3 Years|
|Maximum Sum Assured||100000/-|
|Policy Mode||Yearly, Half-Yearly, Quaterly, Monthly (NACH only)
Calculate Your Premium
|Rebate Of Mode Of Premium||Yearly-2%
Quaterly & Monthly-Nil
|High Sum Assured Rebate||1,00,000 to 1,90,000 - Nil
2,00,000 to 4,90,000 - 2% on B.S.A.
5,00,000 and above - 3% on B.S.A
In case of unfortunate event of death of policy holder happens during the policy term, 10% of the basic sum assured amount will be given to the nominee on every policy anniversary from the year of death till the date of maturity.
If policy holder survives till the end of the policy term having paid all due premiums, the benefits from the policy would be:
Basic Sum Assured + Vested Simple Revisionary bonuses + Final Additional bonus (if any)