endowment

LIC's Jeevan Lakshya

Plan 733UIN 512N297V03

An endowment plan currently listed by LIC for protection and savings needs.

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At a glance

Key highlights

Plan type

Endowment

Plan number

733

Who should consider this plan?

child education, family protection

Eligibility and policy information

Eligibility and policy information for this plan
minimum Entry Age	18 years (Last birthday)
maximum Entry Age	50 years (nearer birthday)
minimum Maturity Age	31 years (nearer birthday)
maximum Maturity Age	65 years (nearer birthday)
policy Term	13 years
premium Paying Term	(Policy Term -3) years
minimum Sum Assured	Rs. 2,00,000
maximum Sum Assured	No Limit, subject to
Premium modes	Yearly, Half-Yearly, Quarterly, Monthly
Loan available	Yes
Surrender available	No

Benefits and riders

Death benefit

On death of the Life Assured during the policy term before the stipulated Date of Maturity provided the policy is in- force i.e. all due premiums have been paid, Death Benefit, defined as sum of “Sum Assured on Death”, vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable. Where “Sum Assured on Death” is defined as higher of: - 7 times of annualised premium or - Sum of 110% of Basic Sum Assured, which shall be payable on date of maturity and Annual Income Benefit equal to 10% of the Basic Sum Assured, which shall be payable from the policy anniversary coinciding with or following the date of death of Life Assured, till the policy anniversary prior to the date of maturity. Where, (i) “Annualized Premium” shall be the premium payable in a year, excluding taxes, rider premiums, underwriting extra premiums an

Maturity benefit

On Life Assured surviving the policy term, provided the policy is in-force, “Sum Assured on Maturity” along with vested Simple Reversionary bonuses and Final Additional bonus, if any, shall be payable. Where “Sum Assured on Maturity” is equal to Basic Sum Assured. C. Participation in Profits: The policy shall participate in profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation, provided the policy is in-force. In case of death under a policy which is in-force, the policy shall continue to participate in profits upto the date of maturity and the entire vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable on due date of maturity. Hence, the Simple Reversionary Bonus and Final Additional Bonus, if any, shall be payable under