LIC JEEVAN LAKSHYA

lic jeevan lakshya
lic jeevan lakshya

USPs of Table No 833

  • Suitable for child aged 0 to 12 yrs
  • Education is secured
  • Maturity is guaranteed
  • Premium waiver benefit
  • Safe, secured & guaranteed
  • Limited Payment

ELIGIBILITY & RESTRICTIONS in  LIC JEEVAN LAKSHYA

Particulars MINIMUMMAXIMUM
Age of Child 0 yrs 12 yrs
Age of Father/Mother 18 yrs 50 yrs
Term 13 yrs 25 yrs
Sum Assured 1,00,000 No Upper Limit

Maturity Benefit : On completion of the policy term, Guaranteed Sum Assured together with Vested Reversionary Bonuses and Final Additional Bonuses will be paid

Death Benefit: If the proposer (father/mother) dies during the term of the policy, the maturity benefit as mentioned above will be given to the child at the end of the term in LIC JEEVAN LAKSHYA. No premium will be charged from family.

Premium waiver benefit: In case of death of the proposer (father/mother) during the term of the policy, all future premiums will be waived.

Education is secured : In the event of death of the proposer, an annual amount of 10% of the sum assured is paid to the child to meet the educational expenses of the child.

Tax Benefit : Premium paid in this plan is tax free U/S section 80C and maturity is also tax free under section 10.10(D).

Loan : Loan is payable in  LIC JEEVAN LAKSHYA after 3 years.

Surrender : Surrender is applicable in  LIC JEEVAN LAKSHYA  after 3 years.

ILLUSTRATION OF LIC JEEVAN LAKSHYA

LIC JEEVAN LAKSHYA
LIC JEEVAN LAKSHYA

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