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.
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