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
|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
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