The name of this policy of LIC is Jeevan Lakshya. Under this, the family will not have to pay any premium on the death of the insured. At the same time, the daughter gets 10 percent of the sum assured every year during the remaining years of the policy.
In the Corona era, everyone is worried about their future. Concerns about the future of your children are abound. In such a situation, every parent wants their future to be secure. They are worried about what will happen to their child if something untoward happens. Who will bear the cost of their marriage and education? Today we are going to tell about such a policy of LIC, which will completely remove your worry.
The name of this scheme of LIC is Jeevan Lakshya whose table number is 933. The special feature of this policy is that it guarantees security of capital along with fixed income. In this, on depositing Rs 125 daily, you get Rs 27 lakh. The special thing about this policy is that this plan is for 25 years, but you have to pay the premium only for 22 years. The policy term for this scheme is 13 to 25 years.
Under the Jeevan Lakshya scheme, the policy target does not expire after the commencement of the policy. This is the reason that in the event of the death of the insured, the family will not have to pay any premium. At the same time, the daughter gets 10 percent of the sum assured every year during the remaining years of the policy. Premium can be deposited on monthly, quarterly, half yearly and yearly basis. Talking about the eligibility, the minimum entry age for this is 18 years and the maximum entry age is 50 years. The maximum maturity age is 65 years. Talking about the premium paying term, it is 3 years less than the policy term. With this, LIC offers two types of riders – Accidental Death and Disability Rider. The second rider is the New Term Assurance Rider.
Talk about Maturity Benefit On the survival of the policyholder, you will get the benefit of Sum Assured as well as Simple Revisionary Bonus. Apart from this, the benefit of additional bonus is also available. Apart from this, the benefit of loan is also available on completion of two years of the policy. The benefit of deduction under 80C is available on payment of premium for this policy. Maturity amount is tax free under section 10D.
The minimum sum assured can be 1 lakh. If someone takes a sum assured of 10 lakhs at the age of 30, then for that every month you will have to deposit around Rs 3800. In this sense, you will have to save Rs 125 every day. On depositing Rs 3800 every month, you will get Rs 27 lakh after 25 years. To take this policy, you will have to provide documents like Aadhar card, income proof, any one identity card, address proof, birth certificate and passport size photo.