LIC Jeevan Lakshya Plan

 

A Regular Premium paying, Non-linked, Conventional with-profits Endowment Assurance plan

This plan is best suited to realize the dreams of Children Education & Marriage

Eligibility Conditions & Restrictions
Minimum age : 18 years (Completed)
Maximum age : 50 years
Maximum maturity age : 65 years
Policy Term : 13 years to 25years
Premium paying term : Policy term -3years
Minimum Sum Assured : Rs.1,00,000
Maximum Sum Assured : No limit
Premium payment mode : Yearly / Half yearly / Quarterly / Monthly (Thru Bank)
Loan : Eligible after 3 years
Surrender : Eligible after 3 years
On Death : (i) Sum Assured (If chosen, Term Rider option)
(ii) 10% of Sum Assured is paid every year till maturity of the policy term
(iii) Further premiums are waived till maturity
(iv) Sum Assured + Bonus is paid on the stipulated policy term
On Maturity : Sum Assured + Bonus
Income Tax Benefits : (i) Premiums paid are eligible for Tax rebate u/s 80c
(ii) Maturity amount/Death claim is Non-taxable u/s 10(10d)