 "Life Insurance Corporation launches Jeevan Lakshya")
Life Insurance Corporation of India (LIC) has launched Jeevan Lakshya, a participating non-linked plan. This offers a combination of protection and savings.
This plan provides for annual income benefit aimed to fulfil the needs of the family, primarily for the benefit of children, in case of the demise of policyholder any time before maturity, and a lump sum amount payment at the time of maturity. The plan provides LIC’s Accidental Death and Disability Benefit Rider by payment of additional premium.
The plan is available for ages 18 years to 50 years with option of choosing the policy term from 13 to 25 years. Minimum Basic Sum Assured is Rs 100,000 and further in multiples of Rs 10, 000. There is no limit for the maximum Basic Sum Assured.
The plan has a limited premium paying term, where premium paying term is less than policy term by three years. This plan also has a loan facility.
This plan provides for annual income benefit aimed to fulfil the needs of the family, primarily for the benefit of children, in case of the demise of policyholder any time before maturity, and a lump sum amount payment at the time of maturity. The plan provides LIC’s Accidental Death and Disability Benefit Rider by payment of additional premium.
The plan is available for ages 18 years to 50 years with option of choosing the policy term from 13 to 25 years. Minimum Basic Sum Assured is Rs 100,000 and further in multiples of Rs 10, 000. There is no limit for the maximum Basic Sum Assured.
The plan has a limited premium paying term, where premium paying term is less than policy term by three years. This plan also has a loan facility.