LIC Jeevan Lakshya is a popular life insurance plan offered by the Life Insurance Corporation of India (LIC). It is a non-linked, with-profits, limited premium payment endowment plan.
The plan came into effect in March 2015. This plan provides an annual income which can be beneficial towards the needs of the family, especially the minors, in case of the death of the policyholder before the maturity of the plan.
Sum assured | Min - Rs. 1,00,000 | Max - No Limit |
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Policy term | 13 to 25 years |
Premium payment term | The premium paying term is 3 years less than the policy term |
Age of entry | Min - 18 years (completed) | Max - 50 years (nearest birthday) |
Maximum maturity age | 65 years (nearest birthday) |