Life Insurance coverage Company (LIC) of India, the nation’s largest life insurance coverage organisation, gives an entire host of insurance coverage merchandise like pension plans, a reimbursement plans, complete life insurance coverage insurance policies, endowment plans and micro insurance coverage amongst others. The LIC is providing Jeevan Lakshya insurance coverage coverage which is a taking part non-linked plan and gives a mixture of safety and financial savings, LIC famous on its web site https://www.licindia.in. The LIC plan will be bought for a minimal sum assured of Rs 1 lakh and it doesn’t have any most restrict for the sum assured, in accordance with LIC. (Additionally Learn: LIC Jeevan Shanti Plan: Premiums, Pensions, Different Advantages Right here)
Listed here are particulars of eligibility, sum assured, premium funds and advantages of LIC’s Jeevan Lakshya plan:
LIC Jeevan Lakshya policyholders get an annual revenue advantage of 10 per cent of the fundamental sum assured, payable from the coverage anniversary, in accordance with LIC.
On maturity of the LIC plan, an assured absolute quantity – equal to 110 per cent of primary sum assured – is payable together with vested easy reversionary and closing extra bonuses, if any, in accordance with LIC.
LIC Jeevan Lakshya premium:
Under are some pattern premium charges per Rs 1,000 of the fundamental sum assured, as listed by LIC:
|AGE/TERM (in years)||13 (PPT = 10 years)||15 (PPT = 12 years)||20 (PPT = 17 years)||25 (PPT = 22 years)|
PPT= Premium paying time period
LIC Jeevan Lakshya Eligibility:
LIC’s Jeevan Lakshya plan will be bought by any particular person between the age group of 18 and 50 years, in accordance with LIC. The coverage time period of LIC Jeevan Lakshya is between 13 and 25 years with a most maturity age of 65 years.
Premiums for the LIC Jeevan Lakshya coverage will be paid repeatedly throughout the premium paying time period at yearly, half-yearly, quarterly or month-to-month intervals.