LIC Jeevan Lakshya plan 833 details
LIC Jeevan Lakshya is a participating non-linked plan which offers a combination of protection and savings. LIC Jeevan lakshya Plan 833 details would help for understanding the plan, it provides for Annual Income benefit that may help to fulfill the needs of the family, primarily for the benefit of children, in case of unfortunate death of Policyholder any time before maturity and a lump sum amount at the time of maturity irrespective of survival of the Policyholder. This plan also takes care of liquidity needs through its loan facility.
This policy provides life cover during the policy term and Sum Assured + Bonuses on survival as maturity. In case of death of policy holder during the policy term, this policy provides 10% of sum assured every year till maturity and on maturity it again provides 110% of Sum Assured + Bonuses as maturity.
Policy Benefits :
Annual Income Benefit equal to 10% of the Basic Sum Assured (till policy anniversary prior to date of maturity)
Along with Bonuses & Final Additional Bonus, if any, on maturity. (on due date of maturity)
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).