LIC Jeevan Lakshya plan is the traditional plan with a non-linked and with-profits endowment approach. It is a certain paying premium plan that was launched in March 2015 by LIC. A handsome return is made available in this plan at the end of the policy term irrespective of holder’s living status means it doesn’t matter whether the benefitted is alive or not, sum assured is guaranteed. This scheme covers yearly income payback to the claimant, more importantly to minors. Here is a review of LIC Jeevan Lakshya Plan. Features
As per review of LIC Jeevan Lakshya Plan, the person aspiring of Jeevan Lakshya Scheme should be a resident of India and should have crossed the age limit of 18 years. Besides this, if he/she wants to draw the benefits of this particular plan, the minimum amount he/she would have to assure is 1, 00, 00/ only. Inclusion(s) The Jeevan Lakshya policy has included the Suicidal Recovery i.e. the insured individual happens to commit suicide within 12 months of the commencement of the term of the plan; the nominee shall get the 80% of the single premium excluding taxes and extra premium. Exclusion(s) No as such exclusions have been encompassed in this particular scheme as per review of LIC Jeevan Lakshya Plan. Documents Required
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Reliance Life Insurance provides life insurance products that are meant for individuals as well as groups and corporate entities, thus catering to five different segments such as Protection, Children, Retirement, Health and Investment Plans. The top 3 Life Insurance Plans by Reliance are -
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