JEEVAN LAKSHYA PLAN
………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.
Min Basic Amount Assured: Rs 1,00,000
Max Basic Amount Assured: No Limit
Min Policy Time: 13 years
Max policy time: 25 years
Time of premium payment: 3 Years
Min Entry Age: 18 Years
Max Entry Age: 50 Years
Max Age at Maturity for Life Assured: 65 years
Premium Payment Mode: Monthly, Quarterly, Half-yearly, Yearly
The benefit of Accidental Death and Disability Rider is applicable on payment of additional premium.
LIC’S JEEVAN LAKSHAY PLAN BENEFITS
1 Survival Benefit: Basic Sum Assured + Vested Bonus +FAB if any
2 Death Benefit: Sum Assured + Bonuses and final additional bonus if any. Paying manner
10% of the basic sum assured would be equal to the annual income benefit.
Assured absolute amount of 110% of basic sum assured with bonuses and final additional bonus on maturity if any.
3 Surrendered Value Benefit: the Policyholder can surrender his policy at any time during his policy term but the condition is that three full years premium is paid.
4 Loan Benefit: After payment of premium for three full years than you can use loan facility.
5 Income Tax Benefit: Tax Rebate is available when you pay the premium under this plan section is 80c and under sec 10(10D) maturity is free for this plan.