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Jeevan Lakshya (Plan 833)

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 be made Monthly (by ECS), Quarterly, Half yearly and Yearly as suits you better.Gifts available for Yearly payers by us.
Term: 13 to 25 years.

Premium Paying Term: (Policy term-3 years)

Entry Age: Minimum 18 years and maximum 50 years.

Minimum Sum can be Assured Rs.1,00,000/-

Accidental Death & Disability Benefit Rider available.

Policy Benefits :

On Death :

Benefits payable 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.

Surrendered Value :

The Policy can be surrendered at any time during the policy term provided atleast 3 full years premiums have been paid.

Income Tax Benefit :

• Premium paid under this plan is eligible for deduction under section 80C of Income Tax Act, 1961.

• Maturity under this plan is free under section 10(10D) of Income Tax Act, 1961.