LIC Jeevan Lakshya Scheme: In LIC’s insurance plan, investors get better returns as well as security of money. The company is offering insurance policies keeping in mind different targets. Read the offer carefully then apply for that scheme
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LIC Jeevan Lakshya Plan FULL Detail: Life Insurance Corporation of India (LIC) is the largest insurance company in the country. Be it city or village, people still have faith in LIC for insurance. The biggest reason for this is that investors get better returns as well as safety of money in this. The company is offering many insurance policies keeping in mind different targets. One in this is the LIC Jeevan Lakshya policy. It is a policy that fulfills the goal of the policy even after the death of the insured. After the death of the insured, the premium is borne by the company. At the same time, every year the nominee gets 10 percent of the sum assured for expenses.
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Eligibility and features for the policy, definitely know
People between the age group of 18 years to 55 years can invest in LIC Jeevan Lakshya Scheme. The policy term is from 13 to 25 years. The maximum age of maturity is 65 years. The number of years the policy is in place, the premium will have to be paid for 3 years less than that. That is, if you have a policy of 23 years, then you have to pay premium for 22 years.
In this plan, the insured gets a sum assured amount of at least Rs 1 lakh. There is no limit on the maximum sum assured. In this insurance, you can pay monthly, quarterly, 6 months and annually premiums.
What is death benefit? Must know
Death benefit is available in this policy. If a policyholder dies before the completion of the policy, the company collects the premium. The maturity amount is given to the nominee. At the same time, 10 percent of the Sum Assured is available for expenses every year till the first premium runs out of maturity. This policy has been designed keeping in mind the needs of the children.
122 rupees investment every month, will get 26 lakhs very easily
If you buy this policy at the age of 30 years.
Age: 30 years
Basic Sum Assured: Rs 10 lakh
Policy Tenure: 25 Years
Death Sum Assured: Rs 11 lakh
Premium Monthly: Rs 3723
Premium Quarterly: Rs 11170
Premium Half Yearly: Rs.22102
Premium Annual: Rs 43726
Total amount at maturity: Rs 26 lakh
The sum assured in this is 10 lakhs. The bonus is Rs 11.50 lakh. While the FAB is around Rs 4.50 lakh.
Note: You will have to pay an annual premium of Rs 43726. This will be Rs 3644 on monthly basis. That is, if you save Rs 122 every day, then you can take advantage of this policy.
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