LIC New Jeevan Lakshya Plan Online
The LIC Jeevan Lakshya Plan is a tax-saving plan specifically intended to secure a child’s future. This plan falls under the category as a With-Profits Endowment Assurance plan and operates as a limited premium payment, non-linked policy. Premiums are paid for a shorter duration than the policy term. The plan guarantees an assured sum and bonuses as maturity or death benefits. If the policyholder survives, a lump sum maturity benefit is paid. In the unfortunate event of the policyholder’s death, the nominee receives 10% of the assured sum annually until maturity. Premiums are not required for the remaining policy term. Upon maturity, the nominee receives the sum assured and bonuses.
Reasons to buy this plan:
In the event of a calamity: a) The remaining premium
readmore > is waived completely; b) the family receives an annual income; c) a lump sum is paid at the end of the policy term. readless
Benefit from double tax benefits
readmore > on all LIC returns and premiums paid. readless
Benefits of buying LIC New Jeevan Lakshya Plan Online
- Assured returns with LIC trust and the Government Sovereign guarantee
- In case of unfortunate event : a) Full waiver of remaining premium b) Annual income is paid every year to family c) Lumpsum amount is paid at the end of the policy term
- Enhanced risk cover with accident coverage
- Returns not linked to any share market
- Enjoy Tax benefits on Premiums paid and returns
- Easy liquidity through loans and Surrender of policy
- Premium holiday for last 3 years of policy term
Tax Saving Benefit of LIC New Jeevan Lakshya PLan Online
All premiums paid on LIC Jeevan Lakshya policies qualify for tax exemption under Sec. 80C of the Income Tax Act. Also, the maturity amount earned by a policyholder is free from tax under Sec. 10D of the Income Tax Act.
Who can buy New Jeevan Lakshya LIC Policy Online?
- Minimum age : 18 years (Completed)
- Maximum age : 50 years
- Maximum maturity age : 65 years
- Policy Term : 13 years to 25years