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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 25 years |
| Premium paying term | : | Policy term -3 years |
| Minimum Sum Assured | : | Rs.2,00,000 |
| Maximum Sum Assured | : | No limit |
| Premium payment mode | : | Yearly / Half yearly / Quarterly |
| Loan | : | Eligible after 2 years |
| Surrender | : | Eligible after 2 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) |
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