LIC Jeevan Lakshya Plan-933 Life is full of uncertainties, but your family’s future doesn’t have to be one of them. The LIC Jeevan Lakshya Plan is a specially designed insurance plan that ensures financial security for your loved ones while helping you achieve your savings goals. With this plan, you can safeguard your family’s dreams and build a corpus for major life milestones.
What is LIC Jeevan Lakshya Plan-933?
The LIC Jeevan Lakshya Plan-933 is a non-linked, participating endowment plan that provides a combination of life cover and savings. This plan is particularly beneficial for individuals who want their family to remain financially secure, even in their absence. It offers periodic payouts and a lump-sum maturity benefit to ensure your loved ones’ financial needs are met at all stages of life.
Key Features of LIC Jeevan Lakshya Plan-933
- Family Protection: Provides financial security for your family in case of your untimely demise.
- Annual Payouts: Assures annual payouts to the nominee until maturity if the policyholder passes away during the policy term.
- Lump-Sum Maturity Benefit: A substantial amount is paid at the end of the policy term.
- Premium Waiver: All future premiums are waived off in case of the policyholder’s death, but the benefits continue.
- Bonus Benefits: Includes Simple Reversionary Bonus and Final Additional Bonus to enhance maturity benefits.
- Flexible Premium Payment Options: Choose from annual, half-yearly, quarterly, or monthly modes.
- Loan Facility: Borrow against the policy after paying premiums for a specific duration.
Why Choose LIC Jeevan Lakshya?
- Dual Benefits: Combines life insurance with savings for future milestones like education, marriage, or retirement.
- Family’s Financial Security: Ensures uninterrupted financial support for your family even in your absence.
- Regular Income Assurance: Nominee receives annual payouts, making it easier to manage daily expenses.
- Tax Savings: Enjoy tax benefits on premiums paid and payouts received under applicable laws.
- Bonuses: Reversionary and additional bonuses boost your final payout.
Eligibility for LIC Jeevan Lakshya Plan-933
| Eligibility Criteria | Details |
|---|---|
| Minimum Entry Age | 18 years |
| Maximum Entry Age | 50 years |
| Policy Term | 13 to 25 years |
| Minimum Sum Assured | ₹1,00,000 |
| Maximum Sum Assured | No limit |
| Premium Payment Term | Policy term minus 3 years |
Benefits of LIC Jeevan Lakshya Plan-933
- Death Benefit: In case of the policyholder’s demise during the policy term:
- Annual payouts (10% of the Basic Sum Assured) are given to the nominee until maturity.
- At maturity, the nominee also receives the full Basic Sum Assured, along with bonuses.
- Maturity Benefit:
If the policyholder survives the policy term, they receive the Basic Sum Assured along with accrued bonuses. - Loan Facility:
Avail a loan against the policy after completing a specific duration of premium payments. - Tax Benefits:
- Premiums paid are eligible for deductions under Section 80C.
- Maturity and death benefits are exempt under Section 10(10D).
- Flexibility: Choose a premium payment mode that suits your financial planning.
How to Apply for LIC Jeevan Lakshya Plan-933
- Step 1: Visit the nearest LIC branch or the official LIC website.
- Step 2: Consult with an LIC advisor to determine the policy term, sum assured, and premium payment term.
- Step 3: Submit required documents like age proof, ID proof, address proof, and income proof.
- Step 4: Fill out the application form and pay the first premium.
- Step 5: Receive your policy document and enjoy the peace of mind that comes with a secure future.
FAQs
1. Who should opt for LIC Jeevan Lakshya?
It’s ideal for individuals who want to save for future milestones while ensuring financial security for their family.
2. What happens if I miss a premium payment?
The policy enters a grace period, after which it may lapse. However, you can revive it within the revival period by paying the due premiums and interest.
3. Does this plan offer any bonuses?
Yes, LIC Jeevan Lakshya provides Simple Reversionary Bonus and Final Additional Bonus, which are added to the maturity amount.
4. Can I surrender this policy before maturity?
Yes, you can surrender the policy after paying premiums for at least three years, but it’s recommended to continue for maximum benefits.
5. Are there tax benefits with this policy?
Yes, premiums are eligible for tax deductions under Section 80C, and payouts are tax-exempt under Section 10(10D).
Conclusion
The LIC Jeevan Lakshya Plan-933 is more than just an insurance policy—it’s a financial safety net for your family and a stepping stone toward achieving life’s big goals. Whether you want to save for your child’s education, their wedding, or any other significant milestone, this plan ensures that your family’s dreams stay on track, no matter what. Choose LIC Jeevan Lakshya and secure a brighter, stress-free future for your loved ones!
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