LIC Big Scheme: Today everyone is busy planning for the future, so today we are going to tell you about a scheme that can make your future bright, so let’s know the full details in the news.
You must have known about this scheme, yes we are talking about Life Insurance Corporation’s scheme of LIC, Jeevan Lakshya. Jeevan Lakshya Policy is one of the highest plans of LIC. As the name of this policy, it has been designed keeping in mind the same function.
If you are running with any financial goals, if any major expenditure is needed in future, then you can invest in this policy. This policy also provides savings along with protection to the customer. Jeevan Lakshya is a Limited Premium Payment Plan under which the subscriber has to pay the premium for 3 years less than the policy term.
Know Here, LIC’s Jeevan Lakshya Policy
Do you know that there is LIC policy (with profit policy) in which LIC shares the profit of its business with the customers. Offers benefits to the customers in the form of Vested Simple Reversionary Bonus and Final Additional Bonus. The biggest feature of this plan is that if the insured leaves the world during the policy term, then all premiums for the nominee are waived. 10% of the sum assured is given to the nominee as regular annual income and the money accumulated at the time of maturity is also given. This is the reason why this policy is also called Kanyadaan Policy.
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Must Know, about Kanyadan Policy
If customers want, they can pay premium in Kanyadaan or Jeevan Lakshya Policy on monthly, quarterly, half yearly or yearly basis. The coverage continues in this policy even during the grace period. Even if a claim is received during the grace period, LIC pays it.
Loan facility is also available in the policy. Loan against Jeevan Lakshya plan can be availed after running the policy for 2 years. When the policy is closed, it can be revived. The policy can be revived within 5 years from the premium due date. This policy can be taken by people who are at least 18 years old and this policy is given for a person of maximum 50 years.
Policy period from 13 to 25 years is available under Jeevan Lakshya Policy. This policy is available for premium term of 13 to 25 years. Due to the limited premium, the money will have to be paid less than 3 years from the policy term. This policy has to be taken for a minimum of Rs 1 lakh and there is no limit on the maximum sum assured. Now let us understand with an example.
Know how much you will get on maturity, You should know
Varun, 30, takes a Jeevan Lakshya policy of 5 lakhs. Varun has chosen 25 years as the policy period. In this way, Varun will have to pay premium only for 22 years. If Varun wants to pay the monthly premium, then he will have to deposit Rs 1770 i.e. around Rs 60 every day. If the annual premium is to be paid then it will be Rs 20,787. In this way, Varun will deposit Rs 4,57,772 during the entire policy. When the policy reaches 25 years, it will mature
Varun will be given Sum Assured, Reversionary Bonus and Additional Bonus by adding money.
In this way, Varun will get 5 lakh of Sum Assured, 6.125 lakh of vested reversionary bonus and Rs 2.25 lakh of additional bonus. Adding the full amount, Varun will get Rs 13,37,500 as maturity in his hands. You have seen that by depositing around Rs 60 every day Varun deposited around Rs 4.5 lakh but on maturity he got Rs 13.37 lakh which is more than 3 times the deposited money.
