LIC Jeevan Lakshya (Plan 733) is a thoughtfully designed protection-cum-savings plan that focuses on one core objective: ensuring your family’s financial stability even if life takes an unexpected turn. This plan is especially popular among parents and young earners who want to secure their family’s future goals while continuing disciplined savings.
Unlike regular endowment plans that provide only a lump-sum benefit, Jeevan Lakshya offers a unique structure where, in case of an unfortunate death of the policyholder during the policy term, the family receives annual income support to manage regular expenses, along with a guaranteed maturity amount at the end of the policy term.
This combination makes Jeevan Lakshya ideal for families that depend on a single earning member, as it ensures both short-term income continuity and long-term goal fulfillment.
✔ Income Continuity: Annual payouts ensure day-to-day financial stability for the family.
✔ Goal Protection: Maturity amount remains intact even after death benefits are paid.
✔ Peace of Mind: Family is protected both immediately and in the long run.
To understand how Jeevan Lakshya – 733 works in real life, let us look at a detailed example with realistic assumptions.
Total Premium Paid:
₹48,000 × 20 years = ₹9,60,000 (approx)
Scenario 1 – Policyholder Survives Till Maturity:
At the end of 20 years, the policyholder receives:
Sum Assured: ₹10,00,000
+ Accumulated Bonuses: ₹7,00,000 – ₹9,00,000 (approx)
Total Maturity Amount: ₹17,00,000 – ₹19,00,000
This amount can be used for children’s higher education, marriage, home purchase, or any long-term financial goal.
Scenario 2 – Death During Policy Term:
If the policyholder passes away during the policy term:
✔ Immediate lump sum death benefit is paid to the nominee
✔ Annual income benefit is paid every year till maturity
✔ Full maturity amount is still paid at the end of the policy term
Example: If death occurs in the 8th policy year, the family receives annual income from year 9 till year 20, helping manage school fees, household expenses, and living costs.
Why This Matters:
Most families struggle not because of lack of money at once,
but because of lack of regular income.
Jeevan Lakshya solves this problem effectively.
Premiums and bonus figures are indicative and depend on age, policy term, sum assured, and LIC bonus declarations.
✔ Parents planning children’s education and future expenses
✔ Single-income families seeking income continuity
✔ Individuals who want disciplined savings with strong protection
LIC Jeevan Lakshya – 733 stands out as a family-focused financial planning solution. It does not just provide insurance or savings — it provides financial continuity, dignity, and security during life’s most challenging moments. For parents and responsible earners who want to protect their family’s dreams under all circumstances, Jeevan Lakshya is a powerful and dependable choice.