Lic Jeevan Lakshya
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Lic

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Lic Jeevan Lakshya vs Lic

Lic Jeevan Lakshya

For the financial security of children and families, the LIC Jeevan Lakshya Plan (Plan No: 933) is the most suitable one. It is a collection of savings plus it covers the risk factor. It is a limited premium paying plan that is not at all linked and classified With-Profits Endowment Assurance plan. ...

Lic

Jeevan Akshay- VII (Table No. 857) is a single premium, non-linked, and non-participating immediate annuity plan. It pays annuity or pension to the policyholder on annuity age. The annuity plan also allows joint life cover. The plan provides annuity payments of a stated amount throughout the lifetim...

PLAN DETAILS

Lic Jeevan Lakshya


Lic

Premium Including GST
Key Features
(Key features of the plan)
  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Plan Uniqueness
  • Death Benefits
  • Maturity Benefits
  • Participation in profits
  • Annuity Options
  • Loan Facility
  • Guaranteed Annuity Rates
Plan Maturity age Maximum Maturity Age - 65 years Maximum Maturity Age - Whole life
Premium payment term Policy term minus 3 years -
Plan Entry Age Minimum Age - 18 years Maximum Age - 50 years Minimum Age - 25 years Maximum Age - 100 years
Sum assured Rs 1 lakh to No limit Rs 1 lakhs to No limit
Premium payment frequency Annual, half-yearly, quarterly & monthly Annual, half-yearly, quarterly & monthly
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy tenure Minimum term - 13 years Maximum term - 25 years Minimum term - 5 years Maximum term - Whole life
Claim Settlement Ratio (2023-24) 98.62 98.62

Know More About Plans

Overview

For the financial security of children and families, the LIC Jeevan Lakshya Plan (Plan No: 933) is the most suitable one. It is a collection of savings plus it covers the risk factor. It is a limited premium paying plan that is not at all linked and classified With-Profits Endowment Assurance plan. This plan started in March in the year 2015. In the case of the death of the policyholder, this plan will provide an annual income that could be beneficial to the family of the deceased. A lump sum amount is also given at the end of the maturity period regardless if the policyholder is alive or not. This plan is not available online so to buy this plan agents and brokers are to be contacted. One can even buy this plan by visiting the branch offices of the company or visiting their executives.

LIC Jeevan Lakshya Plan offers you a range of benefits including:

why-choose
  • Death Benefits
  • Maturity Benefits
  • Rider benefits
  • High sum assured rebates
  • Participation in profits

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Bijender Singh

Reviewed By: Bijender Singh

With 9 years of progressive experience in the insurance industry, including 7 years at Policy X, I have honed my expertise in Life and Health Insurance. My strengths lie in devising customer-centric solutions, streamlining insurance processes, and delivering exceptional service. I have successfully led high-performing teams, excelling in business planning, manpower management, and strategic decision-making.