lic’s plan no. 833 jeevan lakshya plan

Lic’s Plan No. 833 Jeevan Lakshya Plan

HARI SOMAIYA PRODUCTION

PRESENTS

YOUTUBE/HARI SOMAIYA MO. 9909123670

Introduction

• LIC Jeevan Lakshya Plan table no. 833 is another Limited premium Endowment plan launched by LIC India in 2015.

• Before that LIC launched Jeevan Sangam and Children’s money back plan this month only.

• The unique identification number of LIC Jeevan Lakshya Planis 512N297V01.

• As per LIC policy document it is claiming that this plan will provide annual benefits which will be useful for children.

• LIC has launched many endowment plan and I don’t think this new LIC Jeevan Lakshya Plan will be different.

• Let’s review this plan and also check out further details.


http://www.mydailylifetips.com/lic-new-plans-2015-list/

http://www.mydailylifetips.com/lic-jeevan-sangam-premium-chart-table-no-831/

http://www.mydailylifetips.com/lic-new-childrens-money-back-premium-payment-plan-review-832/

AGE ENTRY

• Min entry age is 18 years

• max entry age is 50 years.


Term

• Minimum term 13 years

• Max. term 25 years

• Max maturity age for the policy is 65 years.


Premium Term

• As LIC Jeevan Lakshya Plan is a limited premium paying term policy,

• there will be a difference in policy term and premium paying term.

• E.g. if your policy term is 20 years, then your premium paying term will be 3 year less, i.e. 17 years in this case.

• Calculation (policy term-3 years)


Sum Assured

• Min sum assured value 1,00,000/-

• Max. No limit..


Maturity Benefit

• In case of survival,

• at the end of the policy tenure insurer will get sum assured + vested bonus + FAB if any.


addition accidental and disability rider

• In this plan one can buy addition accidental and disability rider.

• Not only that one can also avail new term assurance rider at the time of buying Jeevan Lakshya Plan.

• SA subject to the maximum of Rs.100 lakh overall limit.


Mode

• Yearly

• Half Yearly

• Quaterly

• Ecs

• Monthly

• sss


Mode rebate


Mode Percentage

Yearly 2% of tabular premium

Half-yearly 1% of tabular premium

Quarterly and monthly Nil

High Basic Sum Assured Rebate

• upto 1.90 L = Nil

• 2 to 4.90 L = Rs 2/-

• 5 L & above = Rs 3/-


Basic Sum Assured Rebate (in Rs.)

1,00,000 to 1,90,000 Nil

2,00,000 to 4,90,000 2

5,00,000 and above 3

Risk Cover

• In case of death during policy tenure, 10% of sum assured will be paid to family till maturity period.

• And at the end of this plan family will further get sum assured + vested bonus + FAB if any.


Loan

• After 3 year of policy


surrender

• To surrender this plan one have to pay 3 year premium.

• If you stop paying premium before that your policy will lapse.


Age proof

• Only Standard age proof and NSAP I & II acceptable.**


Date Backing

• Allowed with Lean month benefit.


Female

• All categories allowed. **


Non Medical

• allowed as per present rules. **


NRI

• Allowed for Both NRI and FNIO in V,VI & VIII countries. **


Proposal form

• Proposal form as routine.. 300/302


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lic’s plan no. 833 jeevan lakshya plan

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