LIC JEEVAN LAKSHYA
Your Lifelong Shield of Financial Security
LIC JEEVAN LAKSHYA
LIC’s Jeevan Lakshya plan plays a pivotal role in guaranteed financial planning, ensuring a bright and secure future for your loved ones. It provides a solid foundation for your children’s education and marriage, offering a guarantee of financial support when they need it most. This policy is not just about insurance; it’s about securing their dreams and your peace of mind. With Jeevan Lakshya, you can rest assured that you are taking a significant step towards fulfilling your responsibilities and aspirations.
Moreover, Jeevan Lakshya is not just a policy; it’s a promise of ‘Kanyadan’—a meaningful gesture of securing your daughter’s future. By choosing this policy, you are taking a thoughtful step towards ensuring that she receives the education and financial support she deserves. It’s more than just a plan; it’s an expression of love and commitment to her dreams.
Benefits of LIC Jeevan Lakshya
1. Maturity Benefits: At the end of the policy term, you receive a lump sum payout, which includes the Sum Assured, Simple Reversionary Bonus, and Final Additional Bonus.
2. Death Benefits: This benefit is payable annually and as a lump sum. It is designed to provide comprehensive financial protection, ensuring that your family receives at least 105% of the premiums paid to date.
3. Income Tax Benefits: All premiums paid under this policy are eligible for deductions under Section 80C of the Income Tax Act, 1961. Moreover, the death benefits are exempted from tax under Section 10(10D).
4. Coverage of All Types of Deaths: LIC’s Jeevan Lakshya covers both natural and accidental deaths, providing comprehensive protection.
5. Optional Riders: You can enhance your coverage by adding the Accidental Death and Disability Benefit Rider and the New Term Assurance Rider for an additional premium.
Policy Details at a Glance:
- Sum Assured: Rs 1,00,000 to No limit
- Policy Term: 13-25 years
- Premium Paying Term: Policy Term – 3 years
- Entry Age: 18 Years
- Maturity Age: 65 Years
