- Life Insurance
- Health Insurance
- Place to Buy Best Health Plans
- Motor Insurance
- Mutual Funds
- LIC India Plans
- Star Health
Posted on 03 07, 2016 by pfadmin
Key Benefits & Highlights of LIC’s Jeevan Lakshya Policy
“LIC’s Jeevan Lakshya Policy is a non linked plan offers an good combination of protection and also saving features. Plan future recipe provides economic support to the family members of the deceased insured person (policy holder) any time of policy year before the policy maturity, and the bigger bump sum amount at the time of policy maturity to the policy holder. Also Have an option can take care of liquidity needs by the loan facility.”
Policy Main Specification
Age at Entry (Last Birthday): 18 Years
Maximum Age at Entry (Last Birthday): 50 Years
Maximum Maturity Age (Nearest Birthday) : 65 Year
Policy Term (PT): 13 – 25 years
Minimum Sum Assured: 1,00,000
Maximum Sum Assured: No bound (based on income Limit)
Variable options to pay Premium (Paying Mode): Yearly, Half-yearly, Quarterly, Monthly (by bank ECS)
Key Features of LIC’s Jeevan Lakshya Policy
Benefits of LIC’s Jeevan Lakshya Policy
Sample Premium Detail with Rates
Sample premium rates declared below in table (excluding service tax) per Rs. 1000/- Basic Sum Assured (SA):
(PPT = 10)
(PPT = 12)
(PPT = 17)
(PPT = 22)
LIC’s Jeevan Lakshya Policy Details and KYC
Under the policy Grace Period: 30 days will be allowed to premium pay. Policyholder if fails to pay the premium within the policy grace period, automatically the policy will be get lapsed. And there is a option to be revived the policy within the period of two years from the date of the first unpaid policy premiums.
Free Look Period: Policy holder are not satisfied under the policy condition or like coverage etc., policy holder have the options to cancel the policy within the period of 15 days from date of receipt, provided any claim happen LIC will not be paid.
Exclusions: Suicide committed within one year (12 months) of policy period from the date of commencement of risk, LIC will not pay any claim under this policy except for to the extent of 80% of the premiums paid excluding any taxes, extra premium and rider premiums, if any, provided the policy is in force.
Documents Required: Proposal Form 300 shall be filled under this plan with exact medical history, and also other proof of documents are required to completed the policy, like address proof and other Know your customer (KYC) documents. Additionally Medical test may required based on the sum assured also the age of the person wants to take the policy.
Call Help Line for Instant Quote: 9940056991 or WhatsApp the Same…
Please click the Contact Form to fill and submit us, we shall contact you ASAP….
“ PolicyandFunds.com could save your time, money, and worries by providing door step solutions
for all your Insurance & Investment needs ”
Dear client please Scroll Down ⇓ for more usefull links…
Thanks for Visiting… Have a Nice Day….