LIC ULIP PLAN: The special feature of this policy is that in addition to doubling your amount, more benefits are available. Like the facility to withdraw money in between, the facility to switch your funds.
Under the Jeevan Lakshya scheme, the policy target does not expire after the commencement of the policy. This is the reason that in the event of the death of the insured, the family will not have to pay any premium. At the same time, the daughter gets 10 percent of the sum assured every year during the remaining years of the policy. Premium can be deposited on monthly, quarterly, half yearly and yearly basis. Talking about the eligibility, the minimum entry age for this is 18 years and the maximum entry age is 50 years. The maximum maturity age is 65 years. Talking about the premium paying term, it is 3 years less than the policy term. With this LIC offers two types of riders – Accidental Death and Disability Rider. The second rider is the New Term Assurance Rider.
The name of this scheme of LIC is Jeevan Lakshya whose table number is 933. The special feature of this policy is that it guarantees security of capital along with fixed income. In this, on depositing Rs 125 daily, you get Rs 27 lakh. The special thing about this policy is that this plan is for 25 years, but you have to pay the premium only for 22 years. The policy term for this scheme is 13 to 25 years.
The special thing about this policy is that in addition to almost doubling your amount, you get more benefits. Like the facility to withdraw money in between, the facility to switch your funds, the facility to revive the discontinued policy, the facility of pre look period and you can also take a loan against this policy.
