LIC’s Jeevan Lakshya (Plan-933) Brochure 2022 - Description
Here in this article, we are providing you with the LIC’s Jeevan Lakshya (Plan-933) Brochure 2022 PDF. LIC’s Jeevan Lakshya policy is quite popular. Apart from securing the future of the family, this policy is also considered to be the best investment. LIC has relaunched on February 1, 2020, by making some changes in it. That’s number is 933.
This policy is not linked to the risk of the share market. It is a limited premium payment plan, under which the insured has to pay the premium for a period of 3 years less than the term plan chosen. It is a ‘With Profit Plan’, in which LIC shares its Vested Simple Reversionary Bonus and Final Additional Bonus with the insured.
The special feature of this policy is that if something untoward happens to the insured, all its premiums are waived. Along with this, 10% of the sum assured of the policy continues to be received by the insured every year as regular annual income. The maturity amount is also available at the time of maturity of the policy.
Eligibility for LIC Jeevan Lakshay Plan-933
Minimum Age – Must be at least 18 years in this policy. This means that this policy can be given to the policyholder who has attained the age of 18 years.
Maximum Age – The maximum age for this policy should be 50 years. Meaning this policy is not given to a person who is above 50 years of age.
Maximum Age of Maturity – The maximum age of maturity in this policy should be 65. This means that a person of 50 years can give this plan for 15 years. And if the age of the person is 45 years, then the policy cannot be given for more than 20 years.
Policy Term – The minimum policy term in this plan is 13 years and the maximum is 25 years.
Premium Paying Term (PPT) – The premium paying term means the policy term in this plan is 3 years less which means if the policy term of the individual is 13 years then his premium paying term will be 10 years.
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