- Jeevan Lakshya is the ideal plan to protect your goals & needs as this plan offers the regular income to the family in case of an unfortunate event
- In case of any unfortunate event premium ceases & Annual Income Benefit is paid to the family every year till maturity which is 10% of Sum Assured. On Maturity, 110% of Sum Assured is paid along with vested Bonus & final bonus, if any
- The benefits under this plan are tax-free
- This plan has an option of choosing the Accidental Life cover, Disability Benefit & Critical illness cover
- This plan also has the option of taking the Maturity proceeds in instalments as the policy-holder can choose the no of year as 5, 10 or 15.
- In a similar way, the policyholder also has the option of choosing the death benefit in instalments
- LIC also offer the discount in the premium in case the mode of payment is Yearly
- The loan is also available to the policyholder after the completion of 2 years of the policy
- Settlement option available on Maturity and Death in Installments of 5,10 or 15 Years
How Does This Policy Work
Sample illustration
| Eligibility Criteria |
|
Min. |
Max. |
| Age |
18 Years
(Last Birthday) |
50 Years
(Nearer Birthday) |
| Policy Term |
13 Years |
25 Years |
| Premium Payment Term |
Policy Term - 3 Years |
| Basic Sum Assured |
Rs.1 Lac |
No Limit |
| Maximum Maturity Age |
65 Years (Nearer Birthday) |
| Rider |
LIC’s NEW CRITICAL ILLNESS BENEFIT RIDER(CIR) |
| Rider |
LIC's ACCIDENTAL DEATH AND DISABILITY BENEFIT RIDER |
| Rider |
LlC's ACCIDENT BENEFIT RIDER |
| Rider |
LIC's NEW TERM ASSURANCE RIDER (TR) |
