Jeevan Lakshya

Jeevan Lakshya is an excellent plan to safeguard your goals and needs, as it provides a regular income to your family in the event of an unfortunate incident. In the unfortunate event of any unforeseen circumstance, the premium payment ceases, and an Annual Income Benefit equal to 10% of the Sum Assured is paid to the family every year until maturity. On maturity, 110% of the Sum Assured, along with vested Bonus and final bonus, if applicable, is paid. The benefits offered by this plan are tax-exempt. This plan provides the option to select Accidental Life cover, Disability Benefit, and Critical illness cover. Furthermore, policyholders have the choice to receive the Maturity proceeds in installments, with flexible durations of 5, 10, or 15 years. Similarly, the policyholder can opt for the death benefit to be paid in installments. LIC also provides a premium discount for policyholders who opt for the Yearly mode of payment. Additionally, after completing 1 year of the policy, the policyholder can avail a loan against the policy.