LIC jivan Lakshya plant details

 

The LIC Jeevan Lakshya Plan 933 is a life insurance + savings plan from Life Insurance Corporation of India.

It is mainly designed to protect the family or child’s future by giving regular income after the policyholder’s death plus maturity money. (Policy Buy)

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LIC Jeevan Lakshya Plan – Details

1. Basic Information

• Plan Type: Non-linked participating endowment plan

• Minimum Entry Age: 18 years

• Maximum Entry Age: 50 years

• Policy Term: 13 – 25 years

• Premium Paying Term: Policy term – 3 years less

• Minimum Sum Assured: ₹1,00,000

• Maximum Maturity Age: 65 years

• Premium Mode: Yearly, Half-yearly, Quarterly, Monthly (Policy Buy)

Example:
If policy term = 20 years, premium is paid for 17 years only.

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2. Death Benefit (Main Feature)

If the policyholder dies during the policy term:

1. 10% of Basic Sum Assured every year will be paid to the family until maturity.

2. At maturity, the family also receives:

   • 110% of Basic Sum Assured

   • Bonuses (if any). (LIC India -)

👉 This provides regular income to the family.

Example:
Sum Assured = ₹10,00,000

• Yearly income after death = ₹1,00,000 per year

• At maturity = ₹11,00,000 + bonus

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3. Maturity Benefit

If the policyholder survives the full term:

• Basic Sum Assured

• Simple Reversionary Bonus

• Final Additional Bonus (if declared). (nalgondalic1969.in)

All paid as lump-sum at maturity.

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4. Loan and Surrender

• Loan facility: Available after paying 2 years premium

• Surrender: Allowed after 2 years premium paid. (Policy Buy)

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5. Tax Benefits

• Premium eligible under Income Tax Section 80C

• Maturity/death amount tax-free under Section 10(10D) (as per rules). (LIC India -)

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6. Optional Riders

Extra protection can be added:

• Accidental Death & Disability Rider

• Term Rider

• Critical Illness Rider. (Policy Buy)

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✅ Simple understanding:

• Pay premium for policy term minus 3 years

• If you survive → lump-sum money + bonus

• If you die → family gets yearly income + maturity amount

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✔️ If you want, I can also show:

• Example premium calculation (₹10 lakh or ₹20 lakh policy)

• Which LIC plan is better:

  • Jeevan Lakshya

  • Jeevan Umang

  • Jeevan Tarun

  • Bima Lakshmi.