HARI SOMAIYA MO. 9909123670 Lic’s plan no. 833 jeevan lakshya plan https://www.youtube.com/watch?v=JLrdXMSfn2c

1. Lic’s Plan No. 833
Jeevan Lakshya Plan
HARI SOMAIYA PRODUCTION
PRESENTS
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2. Introduction
• LIC Jeevan Lakshya Plan table no. 833 is another Limited
premium Endowment plan launched by LIC India in 2015.
• Before that LIC launched Jeevan Sangam and Children’s
money back plan this month only.
• The unique identification number of LIC Jeevan Lakshya Plan
is 512N297V01.
• As per LIC policy document it is claiming that this plan will
provide annual benefits which will be useful for children.
• LIC has launched many endowment plan and I don’t think this
new LIC Jeevan Lakshya Plan will be different.
• Let’s review this plan and also check out further details.
YOUTUBE/HARI SOMAIYA MO. 9909123670

3. AGE ENTRY
• Min entry age is 18 years
• max entry age is 50 years.
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4. Term
• Minimum term 13 years
• Max. term 25 years
• Max maturity age for the policy is 65 years.
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5. Premium Term
• As LIC Jeevan Lakshya Plan is a limited
premium paying term policy,
• there will be a difference in policy term and
premium paying term.
• E.g. if your policy term is 20 years, then your
premium paying term will be 3 year less, i.e.
17 years in this case.
• Calculation (policy term-3 years)
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6. Sum Assured
• Min sum assured value 1,00,000/-
• Max. No limit..
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7. Maturity Benefit
• In case of survival,
• at the end of the policy tenure insurer will
get sum assured + vested bonus + FAB if any.
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8. addition accidental and disability
rider
• In this plan one can buy addition accidental
and disability rider.
• Not only that one can also avail new term
assurance rider at the time of buying Jeevan
Lakshya Plan.
• SA subject to the maximum of Rs.100 lakh
overall limit.
YOUTUBE/HARI SOMAIYA MO. 9909123670

9. Mode
• Yearly
• Half Yearly
• Quaterly
• Ecs
• Monthly
• sss
YOUTUBE/HARI SOMAIYA MO. 9909123670

10. Mode rebate
YOUTUBE/HARI SOMAIYA MO. 9909123670
Mode Percentage
Yearly 2% of tabular premium
Half-yearly 1% of tabular premium
Quarterly and monthly Nil

11. High Basic Sum Assured Rebate
• upto 1.90 L = Nil
• 2 to 4.90 L = Rs 2/-
• 5 L & above = Rs 3/-
YOUTUBE/HARI SOMAIYA MO. 9909123670
Basic Sum Assured Rebate (in Rs.)
1,00,000 to 1,90,000 Nil
2,00,000 to 4,90,000 2
5,00,000 and above 3

12. Risk Cover
• In case of death during policy tenure, 10% of
sum assured will be paid to family till maturity
period.
• And at the end of this plan family will further
get sum assured + vested bonus + FAB if any.
YOUTUBE/HARI SOMAIYA MO. 9909123670

13. Loan
• After 3 year of policy
YOUTUBE/HARI SOMAIYA MO. 9909123670

14. surrender
• To surrender this plan one have to pay 3 year
premium.
• If you stop paying premium before that your
policy will lapse.
YOUTUBE/HARI SOMAIYA MO. 9909123670

15. Age proof
• Only Standard age proof and NSAP I & II
acceptable.**
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16. Date Backing
• Allowed with Lean month benefit.
YOUTUBE/HARI SOMAIYA MO. 9909123670

17. Female
• All categories allowed. **
YOUTUBE/HARI SOMAIYA MO. 9909123670

18. Non Medical
• allowed as per present rules. **
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19. NRI
• Allowed for Both NRI and FNIO in V,VI & VIII
countries. **
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20. Proposal form
• Proposal form as routine.. 300/302
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21. THANKS FOR WATCHING MY
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YOUTUBE/HARI SOMAIYA MO. 9909123670