Best LIC PolicyEndowment Plans

LIC Kanyadan Policy (Jeevan Lakshya)

About LIC Kanyadan Policy:

LIC kanyadan Policy is also known as Jeevan Lakshya Plan. It is the best gift for your daughter which provides her financial benefits in education and Marriage. Example: If you save 75 per day, your daughter will get 14 Lacs at the time of marriage. Its an example, this plan can also be customized as per your daughter’s educational need. You can call or mail our Kanyadan LIC advisor to get complete details.

Best Features of LIC Kanyadan Policy:

  • No premium to be paid in case of father’s death
  • Get immediate 10 Lakh in case of an accidental demise
  • Immediate 5 Lakh in case of an non-accidental demise
  • Get 50000 Per year till maturity

If you are confused, fill out the contact form or call on: 8588884976

LIC’s Jeevan  lakshya plan is a participating non-linked plan which offers an attractive combination of protection and saving. This plan provides for annual income benefit that may help to fulfill the needs of the family,primarily for the benefit of children, in case of unfortunate death of policyholder any time before maturity and a lump sum amount at the time of maturity irrespective of survival of the policyholder. This plan also takes care of liquidity needs through its loan facility.

Key Features

  • It is a limited premium paying term conventional With-Profits Endowment Assurance plan.
  • Pay Premium 3 years less than Policy Term.
  • Inbuilt Premium Waiver Benefit.
  • 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.
  • Loan : Available after payment of premiums for at least 3 full years
  • Double Accident Rider Available.
  • Double Tax Benefit Available (Premium Paid gives 80C Tax Benefit upto Rs. 1,50,000 and Maturity is also Tax Free under section 10(10D)).

Maturity Benefits:

If policy holder survives till the end of the policy term having paid all due premiums,
the benefits from the policy would be:
Basic Sum Assured + Vested Simple Revisionary bonuses + Final Additional bonus (if any)

Death Benefit:

In case of unfortunate event of death of policy holder happens during the policy term, 10% of the
basic sum assured amount will be given to the nominee on every policy anniversary from the year of
death till the date of maturity.

Eligibility Criteria:

Minimum Age to Apply18 Years (Completed)
Maximum Age to Apply50 Years (Nearest Birthday)
Policy Term13 to 25 years
Premium Paying Term(Policy Term – 3) years
Maximum Maturity Age65 Years
Premium Paying ModeYearly, Half Yearly, Quarterly, Monthly (ECS)
Sum Assured100000 and above (in multiples of 10000)
LoanAfter 3 Years
  1. Jeeven lakshay