Endowment
Jeevan Lakshya
Family goal protection with maturity benefit
10% SA annual income to family on deathReturn of SA + bonuses at maturityIdeal for child future
A limited premium paying, participating endowment plan combining protection and savings — designed for family goals.
Eligibility
- Entry age: 18 – 50 years
- Term: 13 – 25 years
- PPT: Term – 3 years
Benefits
- Sum Assured on Death = 110% of Basic SA
- Annual income @ 10% SA till maturity year on death
- Maturity: SA + Simple Reversionary Bonus + FAB
Premium Modes
- Yearly
- Half-yearly
- Quarterly
- Monthly
Claim Process
- Intimation to branch
- Documents submission
- Settlement per LIC norms
Documents Required
- Policy bond
- Death certificate (if claim)
- KYC of nominee
Loan & Tax
Loan: Available after 2 years of premiums paid.
Tax: 80C on premium, 10(10D) on maturity.
Frequently Asked Questions
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