LIC Jeevan Lakshya Policy in Hindi | LIC Jeevan Lakshya 833 in Hindi | Jeevan Lakshya 833 in Hindi

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Get Rs 26,00,000 at Maturity

LIC Jeevan Lakshya is a limited premium paying conventional plan which is non-linked and classified as a With-Profits Endowment Assurance plan. The plan came into effect in March 2015. This plan provides an annual income which can be beneficial towards the needs of the family, especially the minors, in case of the death of the policyholder before the maturity of the plan. A lump sum amount is also made available at the end of the maturity period, regardless of the survival of the policyholder.

Key Features and Highlights of LIC Jeevan Lakshya
Sum assured
Minimum - Rs. 1,00,000
Maximum - No limit

Premium payment term - The premium paying term is 3 years less than the policy term, irrespective of whatever term the policy is for
Age of entry
Minimum - 18 years (completed)
Maximum - 50 years (nearest birthday)
Maximum maturity age - 65 years (nearest birthday)

Benefits of LIC Jeevan Lakshya
Maturity Benefit - Provided all the premiums have been paid in full and the policyholder has survived till the end of the policy term, the Maturity Benefit will encompass the Sum Assured on Maturity plus the vested Simple Reversionary Benefits and the Final Additional Bonus, if any. The Sum Assured on Maturity is the same as the Basic Sum Assured
Death Benefit - Under this benefit, in case of the death of the policyholder within the policy term, a Sum Assured on Death plus Simple Reversionary Bonuses and the Final Additional Bonus (if any) will be provided
Tax Benefits - Premium paid for this plan is admissible for availing rebate on income tax under 80C and the maturity amount is free from tax as per section 10D