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Wednesday, January 1, 2020
Happy New Year 2020
Friday, December 27, 2019
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LIC Jeevan Lakshya benefits and reviews
Jeevan Lakshya (833) benefits and reviews
Product Summary :
This is a limited premium paying term conventional With-Profits Endowment Assurance plan where premium paying term is less than policy term by three years.
| Premium Payment Mode: | Yearly, Half, | Quarterly, Monthly(ECS) |
|---|---|---|
| Term : | 13 to 25 Years | |
| PPT : | (Policy Term - 3) Years | |
| Minimum Entry Age: | 18Years Completed | |
| Maximum Entry Age : | 50Years | (Nearest Birthday) |
| Maximum Maturity Age : | 65 Year | (Nearest Birthday) |
| Minimum Sum Assured: | 1,00,000 | |
| Maximum Sum Assured : | NO LIMIT | (Depending upon Income) |
Maximum Accidental Death and Disability Benefit Rider up to age 65.
Policy Benefits :
On Survival :
On survival Basic Sum Assured + Vested Bonus + FAB if any.Sum Assured on Death + Bonuses and Final Additional Bonus, if any, shall be payable in the following manner.
Annual Income Benefit equal to 10% of the Basic Sum Assured (till policy anniversary before the date of maturity).
Assured Absolute Amount of 110% of Basic Sum Assured, payable (on the due date of maturity).
Along with Bonuses and Final Additional Bonus, if any, on maturity. (on the due date of maturity).
Loan :
Available after payment of premium of 3 full years.
Surrendered Value :
The Policy can be surrendered at any time during the policy term provided at least 3 full years premiums have been paid.
Optional Benefits:
The policyholder has an option of availing the following Rider benefit»Accidental Death and Disability Benefit Rider
» New Term Assurance Rider
maturity. Assured Absolute quantity capable one hundred and tenth of Basic add Assured, that shall be collectible on day of the month of maturity; and
Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).
