LIC JEEVAN LAKSHYA - BEST PLAN FOR CHILDREN EDUCATION AND OVER SEAS STUDIES

LIC Jeevan Lakshya

LIC Jeevan Lakshya, participating non-linked, limited premium paying conventional profit linked Endowment Assurance plan which provides Annual Income Benefit to fulfill the family requirements. In case of death of the policy holder takes place prior to the maturity, 10% of the basic sum assured will be paid on every policy anniversary, further it also provides a lump sum amount at the time of maturity regardless of survival of the policyholder. 

Policy Benefits : 

On Death : 
Sum Assured on Death + Bonuses & 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 & Final Additional Bonus, if any, on maturity. (on due date of maturity) 
On Survival : On survival Basic Sum Assured + Vested Bonus + FAB if any. 
Premium Payment Mode: Yearly, Halfly, Quarterly, Monthly(ECS)
Term : 13 to 25 Years
P.P.T. (Policy Term minus 3) Years
Minimum Entry Age : 18 Year Completed
Maximum Entry Age : 50 Year (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. 
Surrendered Value : The Policy can be surrendered at any time during the policy term provided at-least 3 full years premiums have been paid.

Loan : Available after payment of premium of 3 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).

Best for planning children education and marriage.

LIC Children plans - complete education planning 9480240513

Children Education Plans

There is no parent who does not think for the future of his child. The education of the child is the very first thing that the parents think about when the baby is born to the family aside from bringing him/her up.



That is why a couple plans for the education of their child as early as they can. This to protect the child from being deprived of his right to education in case something happens to the parents*. Premium waiver benefit comes as a rider.



An Education Insurance can help the child pursue his education with or without his parents. An Education Insurance can be purchased anytime for a child.



The parents therefore can already buy and education insurance for their child even he is not yet born. It is even beneficial on the part of the parents to buy an education plan during this period because the premium is lesser compared to when the child is already there.



So the earlier you buy the plan the lesser the cost is.


* Further premiums are waived off, child gets all benefits at the end as given in the policy documents. 



Please feel free to Call us at 9480240513