LIC Jeevan Lakshya Plan No 933

जीवन लक्ष्य | कन्यादान पॉलिसी

Jeevan Lakshya Plan No. 933 is a non-linked, limited premium ,with-profits Endowment Plan. Premiums are payable for 3 years less than Policy terms.

Jeevan Lakshya Features & Conditions:

Minimum age at entry: 18 years (Completed)

Maximum age at entry: 50 years (Nearer Birthday)

Maximum maturity age: 65 years (Nearer Birthday)

Policy Term: 13 to 25 years.

Premium Paying Term (PPT): ( Policy Term -3) Years

Minimum Sum Assured: 1,00,000/-

Maximum Sum Assured: No limit

Available Riders:

• LIC’s Accidental Death and Disability Benefit Rider or Accident Benefit Rider,

• Term Rider

• Critical Illness Rider.

Payment Modes of Premium:

Yearly, Half Yearly, Quarterly & Monthly (SSS & NACH)

Rebates:

Mode Rebate: – Yearly Mode : 2%, Half Yearly Mode : 1 %

Grace Period:

15 Days for monthly premium payment mode and 30 days for other payment modes.

Claim Concessions:

Available under Base Plan only.

Paid-up Value of policy:

Available after payment of premium of 2 full years.

Surrender:

Available after payment of premium of 2 full years.

Policy Loan Benefits:

Available after payment of premium of 2 full years.

Revivals:

Within 5 years of First Unpaid Premium (FUP)

Tax Benefits:

On Premium Paid : Deduction under Section 80C of Income Tax

Maturity Amount: Exempt u/s 10(10D)

Death claim : Exempt u/s 10(10D)

SUM ASSURED ON DEATH:

Income Benefit (10% of basic Sum assured Payable from Policy anniversary after death till Policy anniversary before maturity) + 110% of Basic Sum Assured payable on Maturity.

DEATH BENEFIT:

Sum assured on Death + Bonus for full term + Final additional bonus, if any, Payable on Maturity.

MATURITY BENEFIT:

Basic Sum Assured + Vested Bonus + Final additional bonus if any.

Maturity/Death Claim in Installments for 5/10/15 years for Full or Part of Maturity/Death Claim Amount: Option to be exercised -3 months before Maturity and for Death Claim during lifetime by Life Assured.