LIC Jeevan Lakshya Scheme
LIC Jeevan Lakshya Scheme: Today we will talk about Jeevan Lakshya Scheme of Life Insurance Corporation i.e. LIC. Jeevan Lakshya Niti is one of the most popular plans of LIC. As the name suggests this policy is designed with this very task in mind. If you are running with a financial goal, you need a big expense in the future. So you can invest in this LIC (Life Insurance Corporation Of India) policy. This LIC policy provides security and savings.
Jeevan Lakshya has a limited premium payment plan. Under which the customer has to pay 3 years less premium than the policy term. Life Insurance Corporation Of India is the largest insurance company in the country. Be it city or village, even today people trust LIC for insurance. The biggest reason for this is that it provides good returns to investors as well as security of money. The company is offering several insurance policies with different goals in mind.
LIC Jeevan Lakshya Scheme
LIC’s Jeevan Lakshya Policy (LIC Jeevan Lakshya Policy) is a policy that fulfills the policy objective even after the death of the insured. After the death of the insured, the LIC premium is carried by the company. At the same time, every year the nominee gets 10% of the sum assured for expenses.
A customer can choose to pay the premium monthly, quarterly, half yearly or annually in Kanyadaan or Jeevan Lakshya Policy (LIC Jeevan Lakshya Policy). The coverage in this policy continues even during the grace period. If a claim is received even during the grace period, LIC pays for it. Loan facility is also available in the policy. After running LIC (Life Insurance Corporation Of India) policy for 2 years one can take loan on Jeevan Lakshya Yojana.
Life Insurance Corporation Of India
Policy tenure of 13 to 25 years is available under Jeevan Lakshya Policy (LIC Jeevan Lakshya Policy). This LIC (Life Insurance Corporation Of India) policy is available for a premium term of 13 to 25 years. Due to limited premium, the money has to be paid in less than 3 years from the policy term. This LIC (LIC) policy has a minimum of Rs. 1 lakh to be taken and there is no limit on the maximum sum assured. Now let’s understand with an example.
How much to get on maturity: LIC Jeevan Lakshya Scheme
30-year-old Varun took a LIC Jeevan Lakshya Policy of Rs 5 lakh. Varun has chosen 25 years as the policy term. In this way, Varun has to pay the premium only for 22 years. If Varun wants to pay the monthly premium, he has to deposit Rs 1770 ie around Rs 60 per day. If the annual LIC (Life Insurance Corporation Of India) premium is to be paid then it is Rs. 20,787 will be. Thus Varun will deposit Rs 4,57,772 throughout the policy, while the LIC policy will reach 25 years. So it will mature and Varun will be given additional bonus by adding sum assured, reversionary bonus and money.
LIC Jeevan Lakshya Policy
Thus in LIC, Varun gets Rs. 5 lakh sum assured, Rs. 6.125 lakh reversionary bonus and Rs. 2.25 lakh will get an additional bonus. Adding the whole amount to Varun as maturity Rs. 13,37,500 will be received. You have seen that by depositing around Rs 60 per day, Varun deposited around Rs 4.5 lakh in LIC (Life Insurance Corporation Of India), but on maturity he got Rs. 13.37 lakh received which is more than 3 times the amount deposited. Thus this Jeevan Lakshya Policy (LIC Jeevan Lakshya Policy) is very beneficial.