LIC New Jeevan Lakshya Plan Online
The LIC Jeevan Lakshya Plan is categorized as a With-Profits Endowment Assurance plan. This is a limited premium paying, non-linked plan. Premiums for this policy must be paid for 3 years lesser than the policy term. By being non-linked it guarantees an assured sum and bonuses as a maturity or death benefit. In case the policy holder survives the term of the policy, this sum will be paid as a lump sum maturity benefit. In the case of his death within the term of the policy, the nominee will receive 10% of the assured sum every year till the plan matures. Premiums do not have to be paid for the remaining policy term. On maturity, the nominee will again receive the sum assured and bonuses.
Reasons to buy this plan:
In case of unfortunate event : (a) Full waiver of
readmore > remaining premium (b) Annual income is paid every year to family (c) Lump sum amount is paid at the end of the policy term 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