LIC Jeevan Lakshya (Plan 933)

Child Education Protection & Annual Income • Plan No. 933 | UIN: 512N297V02

Specially designed participating endowment plan ensuring annual income benefit to family in case of untimely demise of breadwinner plus full maturity at term.

Key Features & Benefits

• 10% of Basic Sum Assured paid annually to family from year of death till one year before maturity
• Future premiums waived completely upon death of policyholder
• Full Sum Assured (110%) + Vested Bonuses + FAB paid on maturity date regardless of prior payouts
• Limited premium payment: Pay for (Term minus 3) years
• Accidental benefit and term riders available

Limitations & Waiting Periods

• Survival benefit only payable on maturity if policyholder survives (annual 10% is triggered upon demise).
• Minimum term is 13 years.