LIC Jeevan Lakshya is a conventional plan with an option of limited premium payment. LIC Jeevan Lakshya is an excellent plan with innovative features. This plan was launched in March 2015 and is a profit linked endowment assurance plan. LIC Jeevan Lakshya is basically designed to cater the needs of children and provides the benefit of annual income. Moreover, the plan also provides maturity benefit to the policyholder. Depending upon the requirements of the customers the plan offers some exquisite features and benefits. To help you know more about the plan, here we have briefly reviewed the key features and benefits offered by the policy. Salient Features of LIC Jeevan Lakshya Policy
Benefit of LIC Jeevan Lakshya The policy offers various benefits to the policyholder - · Maturity Benefit – In case, all the premiums are dully paid by the insured person and if he/she survives the entire tenure of the policy then the maturity benefit is paid to the insured person after completion of the policy tenure. The maturity benefit paid to the insured inculcates the sum assured amount along with final additional bonus and simple reversionary benefits, if any. There is no difference between the sum assured on Maturity and basic sum assured · Death Benefit – A death benefit is offered to the beneficiary of the policy in case of demise of the insured person. The death benefit is provided as the sum assured amount along with final additional bonus and simple reversionary bonus, if any. · Tax Benefits – LIC Jeevan Lakshya also provides tax benefit on the premium paid and maturity proceeds under section 80C and 10D of income tax act. Optional rider benefits is also offered LIC Jeevan Lakshya In addition to the basic coverage anadd-on coverage offered to the insured as rider benefit. . 1. Accidental Death and Disability rider- During the premium paying tenure the insured can avail LIC Jeevan Lakshya accidental death and disability benefit rider. This is one of the most significant benefits offered by the policy. This rider comes in action in case of accidental demise of the insured person. 2. New Term Assurance Rider- This rider is available on the payment of additional premium at the beginning of the policy. The amount is to be paid along with the basic plan of LIC Jeevan Lakshya Policy. One of the advantage offered by this rider is that in the case of death of the insured during the tenure of the policy, an additional amount equal to the term assurance rider sum assured is payable to the insured as long as coverage of the plan rider is applicable. To know more about LIC or other plans visit: Policybazaar.com
0 Comments
Leave a Reply. |
Archives
December 2016
Categories |