LIC Jeevan Lakshya Plan (Table No:733) ( Kanyadaan Plan)

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. In case of death of policy holder during the policy term, this policy provides 10% of sum assured every year till maturity and on maturity it again provides 110% of Sum Assured + Bonuses as maturity.

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Key Features

Plan Parameters

Age of Entry18 to 50 years
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Premium Paying ModeYearly, Half Yearly, Quarterly, Monthly (ECS Only)
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Policy Term13 to 25 years
Premium Paying Term(Policy Term – 3) years
Sum Assured200000 and above (in multiples of 20000)
Premium Mode Rebate2% on yearly, 1% on Half Yearly, Nil on Quarterly & Monthly
High Sum assured Rebate0% 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
LoanAfter 2 Years
SurrenderAfter 2 Years [ Surrender Value Calculator]
RevivalWithin 2 Years of Lapse

Death benefits

Maturity benefit

LIC Jeevan Umang (Table No: 845) is a non-linked whole life assurance plan which provides fixed yearly amount (8% of Sum Assured/Year) after completion of premium payment up to 100 year of age and on maturity lump sum amount on maturity (completion of 100 years) or death. This plan is similar to Jeevan Tarang (178) Plan which is closed for sale. Features and benefits of this plan have been explained here with example.

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LIC Policy Features: