Yes, it is a great option for you if you’re looking for comprehensive life cover and a great return on your investment. So, if you’re looking for a super life insurance product to ensure complete financial protection and higher returns on your investment, go for LIC Jeevan Lakshya Plan.
What is the maturity amount of Jeevan Lakshya?
Eligibility Conditions of LIC Jeevan Lakshya
| Policy Name/Criteria | LIC Jeevan Lakshya | New Term Assurance Rider |
|---|---|---|
| Maximum Age of Entry | 50 years | 50 years |
| Maximum Maturity Age | 65 years | Same as Jeevan Lakshya |
| Sum Assured | Minimum – Rs. 1,00,000 Maximum – No limit | Minimum – Rs. 1,00,000 Maximum – Rs. 25 lakhs |
What is the benefit of Jeevan Lakshya?
Benefits in the LIC Jeevan Lakshya Plan 110% of the Basic Sum Assured payable on the Maturity Date. Simple Reversionary Bonus which has accrued throughout the policy term payable on the Maturity Date. Final Addition Bonus if declared payable on the Maturity Date.
Is Jeevan Lakshya maturity amount taxable?
Benefits offered by LIC Jeevan Lakshya Plan: Tax Benefit: All the premiums paid towards LIC Jeevan Lakshya Plan qualify for tax exemption under Section 80C of the Income Tax Act. Also, under Section 10D, the maturity amount earned by a policyholder is free from tax.
What is Jeevan Lakshya 833 maturity calculator?
Maturity Calculator for LIC’s Jeevan Lakshya (Plan No: 833) provides easy way to calculate maturity amount and illustrates Year-Wise amount of risk covers. It uses Parameter like Bonus rate, Final Addition Bonus (FAB) etc which are similar to declared values, not exact and calculations are indicative only.
Is Jeevan Lakshya a child plan?
The Jeevan Lakshya plan can be taken by anyone who is above 18 years and under 50 years for long-term future benefits. So, this policy must be taken by an adult policy holder’s name, and not under the name of a child.
Is Jeevan Lakshya a money back policy?
LIC Jeevan Lakshya Surrender Value You can avail the Guaranteed Surrender Value if you surrender the policy after making payment of premiums for at least three years. It is a percentage of the entire premiums paid until the date of maturity.
Can we surrender Jeevan Lakshya policy?
More about LIC Jeevan Lakshya Plan: If the policy is surrendered after at least three years and all the premiums are paid promptly, guaranteed surrender value can be availed. Guaranteed surrender value is the total of all the premiums paid till that date.
Is LIC Jeevan Lakshya plan 833 a good plan?
LIC Jeevan Lakshya – Plan 833 – All Details with calculators and Illustrations. Jeevan Lakshya is an excellent plan from LIC of India with innovative power packed features. It is an ideal plan to help you in meeting the future educational and marriage expenses of your child.
What is the Jeevan Lakshya policy?
LIC’s Jeevan Lakshya policy is a combination of risk cover and saving plan which is most suitable for the purpose of providing financial security of children and family. This policy provides life cover during the policy term and Sum Assured + Bonuses on survival as maturity.
What is Diamond Jubilee bonus rates for LIC Jeevan Lakshya plan?
The one-time Diamond Jubilee Bonus Rates for LIC Jeevan Lakshya Plan are as shown below. This is a bonus which is paid at the time of maturity or death. It is a reward for continuing with the policy for a certain number of years. It is a one-time bonus which you get at the end of the policy.
