Features of LIC Jeevan Lakshya Policy

 

Features of LIC Jeevan Lakshya Policy

Depending on the customers need the policy offers some exquisite features. Some of the silent features offered by the plan are:

The plan offers a minimum sum assured of Rs 1,00,000 and has no maximum limit.

The Policy term states from 13 years-25 years

One can pay the premiums either yearly, half-yearly, quarterly or monthly basis. The policy also provides you with an option of Electronic Clearing Service (ECS), this is a much easier mode to pay premiums.

Irrespective of the tenure of the policy the premium paying term is of 3 years.

The minimum to maximum eligibility of age for the policy states from 18 years – 50 years

The maximum maturity age of the policy holder is 65 years

As a with-profit endowment assurance plan the policy accumulates profit made by LIC through the final additional bonus and simple reversionary bonus. These add-on bonuses are paid out at the termination of the maturity period.

LIC Jeevan Lakshya Plan 833 can be linked with the two optional riders:

LIC Accidental Death and Disability Benefit Rider

LIC New Term Insurance Rider.