LIC’S JEEVAN LAKSHYA (TABLE NO.833)
JEEVAN LAKSHYA is a limited premium endowment plan. This plan provide assured future for your family. In this paln on death your family will get 10% of SUM ASSURED payable on every year policy anniversary after death and on maturity date again 110% SUM ASSURED + BONUS + FAB
WHY CHOOSE THIS PLAN:
- Annual Income in case of death
- Sum assured + Simple Reversionary Bonus + Final Addition Bonus as maturity.
- Annual Income feature can be used as child education in case of death
- Paid premiums are exempted from income tax under 80C
- Maturity amount is tax free under 10 (10D)
BENEFITS OF PLAN:
ON DEATH: In case of death of policy holder during policy term, 10% of Sum Assured will be provided to nominee every year till one year prior to maturity, and On maturity, 110% of Sum Assured + Simple Reversionary Bonus + Final Addition Bonus will be payable as maturity amount.
ON MATURITY: Sum Assured + Simple Reversionary Bonus + Final Addition Bonus will be payable as maturity amount.
|Age of Entry||18 to 50 years|
|Premium Paying Mode||Yearly, Half Yearly, Quarterly, Monthly(ECS)|
|Policy Term||13 to 25 years|
|Premium Paying Term||(Policy Term – 3) years|
|Sum Assured||100000 and above (in multiples of 10000)|
|Premium Payment Mode rebate||2% on yearly, 1% on Half Yearly, Nil on Quarterly & Monthly|
|High Sum assured Rebate||0% of SA on 0 to 2,00,000|
2% of SA on 2,00,000 to 4,90,000
3% of SA on 5,00,000 and above
|Loan||After 3 Years|
|Surrender||After 3 Years|
|Revival||Within 2 Years of Lapse|