LIC of INDIA Advisor, KHADI BHANDAR BUILDING BRACH/913 IST FLOOR p. m. Road, Mumbai (2026)

Q: What is the address?

KHADI BHANDAR BUILDING BRACH/913 IST FLOOR P. M. Road

25/08/2015

Child Plan its So Good Bhaiyo

28/03/2015

any doubt msg with mi

28/03/2015

BENEFITS LIC JEEVAN LAKSHYA

Lic Jeevan Lakshya Policy Benefit illustration

Customer Details
Name VIJAY Age 20
Term: 21 Sum Assured: 300000
Tabular Premium: 54.1

Lic Jeevan Lakshya Policy Premium
Premium without tax Tax tax with tax
Yearly Premium 15305 473 15778
Half-Yearly Premium 7734 239 7973
Quarterly Premium 5210 161 5371
Monthly Premium 1303 40 1343

Lic Jeevan Lakshya Policy Benefit Illustration
Age Policy Year Premium Paid Tax Saving Natural Death Coverage Accident Death Coverage Bonus Cash Value Loan value
20 2014 15,305 15,305 389,400 689,400 14,400 0 0
21 2015 15,305 15,305 403,800 703,800 28,800 0 0
22 2016 15,305 15,305 418,200 718,200 43,200 20,656 18,591
23 2017 15,305 15,305 432,600 732,600 57,600 39,953 35,957
24 2018 15,305 15,305 447,000 747,000 72,000 50,200 45,180
25 2019 15,305 15,305 461,400 761,400 86,400 60,629 54,566
26 2020 15,305 15,305 475,800 775,800 100,800 71,288 64,159
27 2021 15,305 15,305 490,200 790,200 115,200 84,301 75,870
28 2022 15,305 15,305 504,600 804,600 129,600 98,124 88,311
29 2023 15,305 15,305 519,000 819,000 144,000 112,820 101,538
30 2024 15,305 15,305 533,400 833,400 158,400 128,482 115,634
31 2025 15,305 15,305 547,800 847,800 172,800 145,165 130,649
32 2026 15,305 15,305 562,200 862,200 187,200 162,944 146,650
33 2027 15,305 15,305 576,600 876,600 201,600 181,918 163,727
34 2028 15,305 15,305 591,000 891,000 216,000 202,203 181,983
35 2029 15,305 15,305 605,400 905,400 230,400 223,967 201,570
36 2030 15,305 15,305 619,800 919,800 244,800 247,377 222,640
37 2031 15,305 15,305 634,200 934,200 259,200 272,594 245,335
38 2032 15,305 15,305 648,600 948,600 273,600 299,955 269,959
39 2033 15,305 15,305 663,000 963,000 288,000 331,280 298,152
40 2034 15,305 15,305 677,400 977,400 302,400 362,964 326,668

Lic Jeevan Lakshya Policy Maturity Benefits
Maturity Benefit 632,400

Lic Jeevan Lakshya Policy
Death Benefits
Death Benefit From Year of Death, Every Year 10% of sum assured = 30,000 till end of policy term
At end of Policy Term 330,000 + Bonus amount 332,400 will be payable
PRINT LIC JEEVAN LAKSHYA POLICY PREMIUM
LIC Jeevan Lakshya Premium Calculator with Benefit illustration

For Example:

Mr. Harish has taken LIC Jeevan Lakshya policy with following details:

Harish age: 30 years
Policy Term: 20 years
Basic Sum Assured: 10 lakhs
Premium Paying term: ( Policy term – 3 years)= 20 years- 3 years = 17 years
Death Benefit: If Harish dies after 5 years from the date of receipt of policy. The death benefit payable will be:

From the 6th year of policy period, nominee will receive Rs 1,00,000/-(10% of Basic sum assured) on every policy anniversary till end of the policy term(20th Year).
At end of policy term/ maturity date, Nominee will be paid Rs 11,00,000/- (110% of sum assured) + Vested simple Revisionary Bonuses + Final Additional Bonus (If Any).
Maturity Benefit: If Mr. Harish is surviving till the end of the policy, the maturity benefit received

Maturity Amount = Sum Assured + vested Simple Revisionary bonuses + Final Additional bonus (if any)

Maturity Amount = 10,00,000 + vested Simple Revisionary bonuses + Final Additional bonus (if any)

LIC Jeevan Lakshya policy premium calculator

Through LIC Jeevan Lakshya policy Maturity premium calculator we can calculate the premium amount to be paid yearly, half yearly, Quarterly or monthly based on the premium paying mode. Based up on the date given, Maturity Premium calculator helps in calculating the premium amount.

LIC Jeevan Lakshya Policy ppt

Additional Information

LIC Jeevan Lakshya Surrender Value

We have to pay the premium for at least 3 years to surrender the LIC Jeevan Lakshya policy. LIC Jeevan Lakshya Policy can be surrendered at any time during the term of the policy.

Guaranteed Surrender Value: some % of ( Total premiums paid (net of taxes) – any extra premiums – premiums for riders). + surrender value of Bonus.

This percentage will depend on the term of the policy and the year we want to surrender the policy.

Special Surrender Value: LIC will pay Special Surrender Value if Guaranteed Surrender Value is less than Special Surrender value.

LIC Jeevan Lakshya Loan Value

Loan is provided during the term of policy. Condition is we have to pay minimum 3 years premiums to be eligible to get loan. Maximum Loan Provided will be percentage of surrender value.

For in force policies – 90% of surrender value
For paid-up policies – 80% of surrender value
Su***de Clause: if policyholder commit su***de before 1 year then premium paid will be refunded. if policyholder commit su***de after 1 year Full Sum assured + Bonus will be paid.

Service Tax: 3.09%

Back Dating : Possible

Assignments/Nominations: Possible

Proposal Forms: New Proposal Form is issued Form 300

Cooling Off Period : 15 Days

28/03/2015

Eligibility criteria Details
Entry Age
Minimum: 18 Years (LBD)
Maximum: 50 Years (NBD)
Premium paying term (Policy Term – 3) yearsFor Ex: Policy term: 20 Years, then Premiumpaying term : 20 years -3 years = 17 years
Basic Sum Assured
Minimum: Rs 1,00,000/-
Maximum: No Limit
Max Maturity Age 65 Years (NBD)
Policy Term 13 to 25 Years
Premium Paying Mode Monthly(ECS), Quarterly, Half Yearly, Yearly.
LIC Jeevan Lakshya Policy Benefits

Death Benefit:

If Death Occurs during the policy term 10% of the basic sum Assured will be paid to nominee every year from the year of death till the date of maturity.
At end of policy term/ maturity date Nominee will be paid Sum Assured on death(110% of sum assured) + Vested simple Revisionary Bonuses + Final Additional Bonus (If Any).
Maturity Benefits:

On survival of policy holder till the end of the policy term provided all due premiums have been paid,

Maturity Amount = Sum Assured + vested Simple Revisionary bonuses + Final Additional bonus (if any)

Where Sum Assured on Maturity is equal to Basic Sum Assured.

LIC Jeevan Lakshya Policy Riders

LIC Jeevan Lakshya Policy provides the following optional riders by payment of additional premium:

1. LIC Accidental Death and Disability Benefit Rider : This rider can be opted at any time within the premium paying term of the Basic Plan. The benefit cover under this rider shall be available during the policy term.

If this rider is opted:

In Case of death during the policy term: Amount equal to the “Accident Benefit Sum Assured” will be payable.

In case of accidental permanent disability : Accident Benefit SA will be paid in the form of dividing the amount into equal monthly instalments spread over 10 years and all Future premiums for Accident Benefit rider are waived off.

Eligibility Conditions for Accidental Death and Disability Benefit Rider:

Minimum Entry Age:
18 years (last birthday)
Maximum Entry Age:
This cover can be opted for at inception provided the minimum PPT left under the Basic plan is 5 years.
Maximum cover ceasing Age:
65 years (nearer birthday)
Accident Benefit Sum Assured :
Minimum: Rs. 10,000/-
Maximum: An Amount equal to Basic SA subject to the maximum of Rs.100 lakh overall limit.
Accident Benefit SA shall be in multiples of Rs. 10,000/- only.
2. LIC New Term Assurance Rider: This rider can be opted only at the time of taking LIC Jeevan Lakshya policy. we have to pay small additional premium for opting this rider along with regular premium. suppose policy holder has more than one policy if total term assurance rider sum assured on all his policies exceeds more than 25 lakhs then LIC pays only 25 lakhs as it is a ceiling amount in term assurance rider.

Eligibility Conditions for New Term Assurance Rider:

Entry Age:
Minimum: 18 years (last birthday)
Maximum: 50 years (nearest birthday)
Policy Term:
Same as Basic plan i.e.,
Minimum: 13 years
Maximum: 25 years
Premium Paying Term:
Same as Basic plan i.e.,
(Policy term – 3) years
Term Assurance Rider Sum Assured:
Minimum: Rs. 100,000/-
Maximum: Rs. 25 lakhs.
Term Assurance Rider SA can be taken in multiples of Rs. 10,000/- only.
LIC Jeevan Lakshya Rebates

Sum assured Rebate

Amount Rebate
1,00,000 to 1,90,000 Nil
2,00,000 to 4,90,000 2%
5,00,000 and above 3%
Mode Rebate:

Premium Paying mode Rebate
Yearly Mode 2%
Half Yearly Mode 1%
Quarterly Mode Nil
Monthly Mode Nil
Rebates for LIC Employees And agents who want to take this policy.

Policy Term Rebate
10 to 14 years 5%
15 years and more 10%
LIC Jeevan Lakshya Commission to Agents, Development officers and Brokers

Agents and Corporate Agents
Premium paying term 1st year 2nd and 3rd year 4th to end of the term
10 to 14 years 20% 7.5% 5%
15 years and above 25% 7.5% 5%
Bonus Commission: 40% of 1st year Commission
Insurance Brokers
10 to 14 years 25% 5% 5%
15 years and above 30% 5% 5%
No Bonus Commission for brokers
Development officer Credit
10 to 14 years 60%
15 Years and Above 100%
Documents required to buy LIC Jeevan Lakshya Policy

Documents required for buying Lic Jeevan Sangam Plan:

Application form/Proposal form 300 along with photo.
Address proof
Age proof
Medical reports (if required)
LIC Jeevan Lakshya Premium table chart

Name
Email ID
Mobile No
Age
Term
Sum Assured

28/03/2015

Introduction on LIC Jeevan Lakshya Policy (Plan No:833)

LIC Jeevan Lakshya Policy is a Limited premium Endowment plan. This policy participate in profits. LIC Jeevan Lakshya Policy is a Endowment Assurance policy. Life insurance corporation of India has decided to launch LIC Jeevan Lakshya policy (plan no:833) with effect from March 2015.

LIC Jeevan Lakshya Policy provides Annual Income Benefit. These Annual Income benefits will be helpful to fulfil the needs of the family. LIC Jeevan Lakshya Policy is primarily beneficial for children. 10% of sum assured will be paid on every policy anniversary in case of unfortunate event of death of policy holder any time before maturity and lump sum amount will be payable at the time of maturity irrespective of survival of policy holder. The Unique Identification Number (UIN) for LIC Jeevan Lakshya policy is 512N297V01

28/03/2015

New Jeevan Lakshya Plan

28/03/2015

Basic Features of New Children’s Money Back Plan (Table No 832)

Minimum Age at Entry: 0 Years (Last Birthday)
Maximum Age at Entry: 12 Years (Last Birthday)
Proposer’s age :
Minimum – 18 years
Maximum – 55 years
Min Sum Assured : 1 Lac
Max Sum Assured : No limit
Sum Assured Rebate:
upto 1.90 L = Nil
2 to 4.90 L = Rs 2/-
5 L & above = Rs 3/-
Mode : All modes
Mode rebate :
YLY- 2%
HLY- 1%
Policy Term : 25 minus age i.e. 25 – Age
eg. Child’s age is 4 years then Policy term will be 25-4=21 Years
Premium Term : 18 minus age
eg. Child’s age is 4 years then Premium term will be 18-4=14 Years
PWB available (Premium Waiver Benefit Rider)
Maturity for below Child Age
At 18 = 20% of SA
At 20 = 20% of SA
At 22 = 20% of SA
At 25 = 40% of SA + Bonus+ Final Additional Bonus
Date of commencement of risk under the plan: In case the age at entry of the Life Assured is less than 8 years, the risk under this plan will commence either one day before the completion of 2 years from the date commencement of policy or one day before the policy anniversary coinciding with or immediately following the completion of 8 years of age, whichever is earlier. For those aged 8 years or more, risk will commence immediately.
Surrender Value: The policy can be surrendered at any time during the policy term provided premiums have been paid for full three years.
Loan: Loan facility is available under this plan after the payment of premiums for atleast three full years and after obtaining the declaration from the proposer to the effect that loan is raised for the benefit of the minor life assured.
Su***de Clause: This policy shall be void
If the Life Assured (whether sane or insane) commits su***de at any time within 12 months from the date of commencement of risk, the Corporation will not entertain any claim under this policy except for 80% of the premiums paid excluding any taxes and extra premium, if any, provided the policy is in force. This clause shall not be applicable in case age at entry of the Life Assured is below 8 years.
If the Life Assured (whether sane or insane) commits su***de within 12 months from date of revival, an amount which is higher of 80% of the premiums paid till the date of death (excluding any taxes and extra premium, if any,) or the surrender value shall be payable. The Corporation will not entertain any other claim under this policy. This clause shall not be applicable:
in case the age of the Life Assured is below 8 years at the time of revival; or
for a policy lapsed without acquiring paid-up value and nothing shall be payable under such policies.

28/03/2015

LIC’s New Children Money Back – Plan Table No. 832 (Launched on 4th March 2015)

LIC’s New Children’s Money Back Plan is a non-linked, with-profit, regular premium payment money back plan specially designed to meet various financial needs of children through Survival Benefits. It provides for the risk cover on the life of child during the policy term and number of survival benefits on surviving to the end of the specified duration’s.

28/03/2015

Plan No 832 New Children Money back

28/03/2015

New LIC Childern Money Back Plan

LIC of INDIA Advisor

25/08/2015

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