LIC of India · Life insurance
Jeevan Lakshya
An endowment plan that pays your family an income if you pass away, and the full amount at maturity.
Plan at a glance
Plan typeNon-linked, with-profits endowment
Entry age18 – 50 years
Policy term13 – 25 years
Premium paying termPolicy term minus 3 years
Minimum sum assured₹1,00,000
Annual income on death10% of basic sum assured, every year till maturity
Key benefits
- If you pass away, your nominee receives 10% of the basic sum assured every year until the plan matures
- At maturity, the full sum assured plus accrued bonuses is paid, even after death
- Future premiums are waived after death and the policy continues
- If you survive, the sum assured plus bonuses is paid at maturity
- Tax benefits as per the prevailing Income Tax law
Best suited for
Parents planning for a child's higher education or marriage who want protection now and an income for the family if something happens.
Details are as published for this plan and can change. LIC's sales brochure and policy document decide the final terms. Selvakumar will confirm the current terms and give you a personal illustration. Insurance is the subject matter of solicitation.