Jeevan Ankur re-launched as Jeevan Lakshya 833

LIC launches a new plan Jeevan Lakshya 833, which has similar features of earlier Jeevan Ankur plan.

Jeevan Lakshya is a child benefit endowment plan. This plan is specially designed to meet the Child's future requirements even if the parent is alive or not, as in Jeevan Ankur.

Features of LIC's new Jeevan Lakshya:

Premium Payment Term = Premium Term - 3 Years.
Sum assured with Bonus will be paid on policy maturity.
On the death (natural) of life insured within the policy term :

Future premiums are waived. So no premium needs to be paid after that.
10% of Sum assured will be paid to the child every year, starting from the next year of parent's expiry.
110 % Sum assured with Bonus will be paid at the end of the policy term.

On the death (accidental) of life insured within the policy term :

Sum assured will be paid immediately.
Future premiums are waived. So no premium needs to be paid after that.
10% of Sum assured will be paid to the child every year, starting from the next year of parent's expiry.
110% of Sum assured with Bonus will be paid at the end of the policy term.

Income Tax Benefit – Available under Section 80 C for premiums paid and Section 10 (10D) for Maturity returns.

Need more details or any clarifications? Feel free to contact us.

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