LIC Jeevan Lakshya Plan: (733)

LIC Jeevan Lakshya (Plan 733) is a participating non-linked plan offered by the Life Insurance Corporation of India (LIC). It is designed to provide financial protection along with savings and investment benefits. Here's a brief overview of the plan:

1. Features:

2. Maturity Benefit: The plan provides a lump sum payment to the policyholder at the end of the policy term, provided they survive the entire duration of the policy.

3. Death Benefit: In case of the unfortunate demise of the insured during the policy term, the nominee receives the death sum assured along with accrued bonuses.

4. Survival Benefits: The plan offers annual income benefits to the policyholder starting from the end of the premium payment term until maturity, even if the insured survives the entire policy term.

5. Additional Bonuses: The plan participates in the profits of LIC through bonuses declared by the corporation.

6. Loan Facility: Policyholders have the option to avail of a loan against the policy, providing liquidity in times of need.

7. Eligibility:

8. Entry Age: Minimum entry age is 18 - 50 years, and the maximum entry age varies depending on the chosen policy term.

9. Policy Term: Policy terms range from 13 to 25 years, with premium payment terms slightly shorter than the policy term.

10. Sum Assured: The minimum sum assured varies depending on the age of entry and premium payment mode.

11. Premium Payment Options:

12. Regular Premium: Premiums are paid throughout the premium payment term, which is shorter than the policy term.

13. Limited Premium: Premiums are paid for a limited duration, but coverage continues for the entire policy term.

14. Additional Riders:

15. Optional riders such as Accidental Death and Disability Benefit Rider, New Term Assurance Rider, and Critical Illness Rider can be added to enhance coverage.

LIC Jeevan Lakshya is suitable for individuals looking for a comprehensive insurance solution that provides both protection and savings benefits, along with guaranteed annual income. It offers financial security and peace of mind to policyholders and their families.

LIC Jeevan Lakshya Plan: (933)