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Jeevan Lakshya (933)

100,000.00

This is a limited premium paying term conventional With-Profits Endowment Assurance plan where premium paying term is less than policy term by three years.

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Description

Plan :Jeevan Lakshya (933)

Product Summary :
This is a limited premium paying term conventional With-Profits Endowment Assurance plan where premium paying term is less than policy term by three years.

Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(ECS)

Term :
13 to 25 Years

PPT :
(Policy Term – 3) Years

Minimum Entry Age :
18Years Completed

Maximum Entry Age :
50Years (Nearest Birthday)

Maximum Maturity Age :
65 Year (Nearest Birthday)

Minimum Sum Assured :
1,00,000

Maximum Sum Assured :
NO LIMIT (Depending upon Income)

Maximum Accidental Death and Disability Benefit Rider up to age 65.
Policy Benefits :
On Death :
Benefits payable on death:
Sum Assured on Death + Bonuses and Final Additional Bonus, if any, shall be payable in following manner.
Annual Income Benefit equal to 10% of the Basic Sum Assured (till policy anniversary prior to date of maturity).
Assured Absolute Amount of 110% of Basic Sum Assured, payable (on due date of maturity).
Along with Bonuses and Final Additional Bonus, if any, on maturity. (on due date of maturity).

On Survival :
On survival Basic Sum Assured + Vested Bonus + FAB if any.

Surrendered Value :
The Policy can be surrendered at any time during the policy term provided atleast 2 full years premiums have been paid.

Loan :
Available after payment of premium of 2 full years.

Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).

For more information visit www.LicAllinOneCalc.com

Additional information

Plan

Jeevan Lakshya (933)

Product Summary

jeevanlakshya

Premium Paying Mode

yhqm

Term/PPT

13 to 25 Years (Policy Term – 3) Years

Minimum Entry Age

18 Year Completed

Maximum Entry Age

50year (Nearest Birthday)

Maximum Maturity Age

65 Year (Nearest Birthday)

Minimum Sum Assured

1,00,000

Maximum Sum Assured

NO LIMIT (Depending upon Income)

Policy Benefits on Death

jeevanlakshya

On Survival

On survival Basic Sum Assured + Vested Bonus + FAB if any.

Surrendered Value

The policy can be surrendered at any time during the policy term provided premiums have been paid for full two years.

Loan

Available after payment of premium of 2 full years.

Income Tax Benefit

Premium paid under this plan is eligible for TAX rebate under section 80c. • Maturity under this plan is free under sec 10(10D).

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