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LIFE INSURANCE COVER
POLICY VALUE (Sum Assured)
AWESOME PLAN BENEFITS FOR YOU Amount
1. Guaranteed Sum Assured lic bonus
2. Bonus + FAB lic bonus +
Benefit 1: Policy maturity returns on th year = 1 + 2 (Tax Free) lics jeevan lakshya buy online
Benefit 2 :Aproximate loan availability after 3 years loan on lic policy
BENEFITS FOR NOMINEE/FAMILY AFTER YOU Amount
From death year to till th year of plan maturity :
1.Annual Income Benefit:10% of the Sum Assured paid every year till maturiy = X Years lic bonus
2. If accidental death: DAB paid lic accident benefit
On th year of plan maturity:
3.Maturity benefit: Guaranteed 110% of Sum Assured paid lic jeevan lakshya guranteed maturoty benefit
4.Bonus paid: Accumulated Bonus+ FAB Buy lic plan online +
Total payable to nominee = 1 + 2 + 3 + 4 (Tax Free): Lic Maturity Amount
*Note: Bonus and Final Additional Bonus (FAB) are calculated till the policy maturity term. Simple Reversionary Bonuses are considered not more than Rs.60 per thousand to calculate returns for illustration and actual bonus will be declared by LIC in future.
Death benefits illustration is calculated assuming death of life assured occurs in first year of policy year.
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    • HALF YEARLY

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Note:For Monthly mode of premium payment, 2 months premium have to be paid initially. eNACH (Auto deduction from your bank) setup is mandatory.
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lic premium payment options Why you should buy LIC plans?   LIC is the only Life Insurance Company in INDIA where Sum Assured and Bonuses declared are GUARANTEED BY THE GOVT OF INDIA. (refer Section 37 LIC ACT 1956)

LIC Jeevan Lakshya Online

Popular Life Insurance Plan with Annual Income Benefit*

a)Limited premium payment: LIC Jeevan Lakshya offers peace of mind by offering 3 years lesser premium payment.
b)Annual Income Benefit: LIC Jeevan Lakshya offers 10% of Sum assured every year until maturity in case of the death of policyholder during the policy term
c)Maturity benefit: Maturity in Jeevan Lakshya is given after the policy term along with sum assured, simple revisionary bonus.
d) Tax benefit: Jeevan Lakshya helps you reduce your taxable income by investing up to Rs.1.5 lakh under Section 80C.The claims / annual benefit/ maturity amount received is also tax free under 10(10D)
e) Riders: You can choose from a variety of Riders. Accidental Rider is most commonly opted. For a nominal premium, get double your Basic Sum Assured

Eligibility Conditions for LIC Jeevan Lakshya Online

a)Minimum Basic Sum Assured:Rs. 1,00,000
b)Maximum Basic Sum Assured:No limit
c)Policy Term:13 to 25 years
d)Premium Paying Term:(Policy Term - 3) years
e)Minimum Age at entry:18 Years Completed
f)Maximum Age at Entry:50 Years (Age Nearer Birthday)
g)Maximum Age at Maturity:65 years

FAQs about LIC Jeevan Lakshya Online

Who can buy LIC Jeevan Lakshya?

LIC Jeevan Lakshya is a versatile plan. It can be brought by anyone. The unique benefit of this plan is that it acts a child protection plan. In case of the death of the parent, child receives annual income benefit 10% of Sum Assured until maturity and also the defined maturity amount at policy term completion. That way you secure your loved ones financial needs if unfortunately you have to leave this world!

Do I pay the premium Monthly or Annually?

LIC premiums can be paid Yearly, Half yearly, Quarterly or Monthly. Yearly premium offers 2% discout, Half-yearly premium offers 1% discount. If you opt for Monthly premiums, NEFT will be set up, where in the Premium will be deducted from your bank account on the chosen date every Month.

How can I save Income Tax with this plan?

All premiums paid towards your LIC Jeevan Lakshya policy is considered for Income Tax saving under Sec 80c of Income tax act. You can invest upto Rs.1,50,000 under 80c and save tax upto Rs.46,800 every year.

When is the best time to start investing in LIC Jeevan Lakshya?

Now is the best time!! Ideally one should start with tax saving LIC Jeevan Lakshya policy as soon as possible. The younger you start your policy, the better benefits - Lower premium, Higher life cover, long term corpus building for retirement. Alternatively, if you are looking for a child protection plan, you can opt for Jeevan Lakshya

When should I start LIC Jeevan Laksyah in the Finanical Year for Tax Saving?

Any premiums paid between 1st April to 31st March is considered for tax saving for that financial year. If opting for Yearly premium payment mode, you can start the policy whenever convenient. If you are choosing other modes, then to save tax for the whole year, you can use the Date Backing option. You can contact us for further information on this.

Are the maturity benefits or returns from LIC Jeevan Lakshya Tax free?

All returns or proceeds including bonus, sum assured, annual income benefit or surrender value from LIC Jeevan Lakshya endowment plan are Tax free under Income Tax Act 10(10D)

The premiums can be paid Yearly, Halfyearly, Quaterly or Monthly.

Policyholder can avail loan on policy after 3 successful years of premium payment.

Your LIC policy bond will be issued after acceptance of your online proposal.

Bonus added to your policy at the end of every financial year and paid on maturity along with sum assured.

Why buy LIC Jeevan Lakshay Online?

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