Jeevan Lakshya

LIC ALL IN ONE CALC

Welcome to the blog of Jigar Gohil

Me I am a developer of LIC ALL IN ONE CALC. And I would like to share latest news, information and materials of Lic on my blog.
Me

JIGAR GOHIIL

I am a developer of LIC ALL IN ONE CALC. And I would like to share latest news, information and materials of Lic on my blog.

Jeevan Lakshya

Jeevan Lakshya Plan (Plan No. 833)

by Jigar Gohil, May 1, 2016

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).