LIC’s New Plan – Jeevan Lakshya (Plan No.833) Launching today 12 March 2015
with profit Endowment plan
- Age : 18 to 50 yrs.
- Maturity Age : 65 yrs.
- Policy Term :13 to 25 yr
- Premium Term = Policy term minus 3 yrs.
- S.A. : Min 1 Lac & Max- No limit.
- Accident Rider (DAB): upto 1 Cr. (Over all limit)
- Term Rider: Min -Basic SA ,Max- 25 Lacs
- On Maturity : 110% SA + Bonus + FAB
- On Death :
- 10% SA payable on every policy anniversary after Death till Maturity.
- And on Maturity date again 110%SA + Bonus + FAB.
- Loan : After 3 Yrs.
- Tax Benefits : u/s 80c
- Maturity /Death claims: Tax free u/s 10 (10)D
If a claim arise in 5the year
Hw much times the annuity will be payable
If a claim arises in 5th year
Hw much times the annuity will b paid
PPp 833-18-21
Mr Bal Chand
If a claim arises in 5th year than the annuity will be 10% of Sum Assured
till maturity.
IF CLAIM OCCURED ON 5TH YEAR,FROM 6TH YEAR 10% OF SA (IF SA 500000=50000) WILL BE GIVEN JUST ONE YEAR BEFORE THE MATURITY ( 20TH YEAR).ON MATURITY MEANS 21st YEAR
110% MEANS 550000+BONUS WILL BE GIVEN. SEE BELOW EXAMPLE. MR BAL
6th year…………….50000
7thyear……………..50000
……….and so on……….
20th year……………50000
21st MATURITY………..550000+BONUS IS IT CLEAR NOW?.OK BYE
In jeevan lakhshya on death of proposer, nominee will get sum assured or not?
If sum assured is above 25 lakhs term rider is avl r not?
kindly list of term rider in this plan & also it is term rider compulsory medical or not?
If Claim occured, then what about the installement (EMI). Do my Nominee to pay that or it will Stop by LIC till maturity and also 10%SA annual to nominee? Please explain.
This is not only best plan for Adult ,Its Very Good Plan for child,
If Proposal is no more then 10% of SA as Salary every year given to Nominee till Maturity ..And Maturity Benefit paid to nominee
Thanks