LIC's 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.
Eligibility Conditions and Other Restrictions:
Minimum
Basic Sum Assured : Rs. 100,000
Maximum
Basic Sum Assured : No Limit
Policy
Term
: 13 to 25 years
Premium
Paying
Term
: (Policy Term – 3) years
Minimum Age at
entry
: 18 years (last birthday)
Maximum Age at
entry
: 50 years (nearest birthday)
Maximum
Maturity
Age
: 65 years (nearest birthday)
Premium
paying modes: Yearly, Half-yearly, Quarterly and
Monthly mode.
Policy Benefits:
On Death: 1. Annual Income Benefit equal to 10% of the Basic Sum Assured, which shall be payable from the policy anniversary coinciding with or following the date of death of Life Assured, (till policy anniversary prior to date of maturity)
2.
2. Assured Absolute Amount equal to
110% of Basic Sum Assured, which shall be payable on due date of
maturity; and
The vested Simple Reversionary
Bonuses and Final Additional Bonus, if any, included in the Death
Benefit, shall be payable on due date of maturity.
The Death Benefit defined above
shall not be less than 105% of all the premiums paid as on date of death.
For more details visit your nearest LIC branch or email at: sushilshm2010@gmail.com
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