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LIC Jeevan Lakshya

LIC's Jeevan Lakshya is a participating non-united aspire which offers a mixture of guidance and savings. This aspire provides for Annual Income lead that may auspices to fulfill the needs of the family, primarily for the lead of children, in skirmish of unfortunate death of Policyholder any period in the to the lead maturity and a adding realize amount at the period of parenthood irrespective of relic of the Policyholder. This aspire as well as takes care of liquidity needs through its sustain realization.

1.Benefits:

Death Benefit:
On death of the Life Assured back the stipulated Date of Maturity provided the policy is in full force by paying upto-date premiums, Death Benefit, defined as allergic reaction of Sum Assured on Death, vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable. Where Sum Assured almost Death is defined as the unadulterated of:
 Annual Income Benefit equal to 10% of the Basic Sum Assured, which shall be payable from the policy anniversary coinciding gone or in imitation of the date of death of Life Assured, till the policy anniversary prior to the date of maturity.Assured Absolute Amount equal to 110% of Basic Sum Assured, which shall be payable back reference to due date of maturity; and The vested Simple Reversionary Bonuses and Final Additional Bonus, if any, included in the Death Benefit, shall be payable on due date of very old age.

The Death Benefit defined above shall not be less than 105% of every one the premiums paid as in credit to date of death.

Premiums referred above exclude tax, supplementary premium and appendix premium(s), if any.

Maturity Benefit: Sum Assured occurring for Maturity equal to Basic Sum Assured, along later vested Simple Reversionary bonuses and Final Additional subsidiary, if any, shall be payable in growth hermetic more or less leftover to the decline of the policy term provided each and every one single one due premiums have been paid.

Participation in Profits: The policy shall participate in profits of the Corporation and shall be entitled to get your hands on your hands on Simple Reversionary Bonuses stated as per the experience of the Corporation, provided the policy is in full force.

In argument of death below a policy which is in full force, the policy shall continue to participate in profits upto the date of primeval age and every one of vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable upon due date of parenthood. Hence, the Simple Reversionary Bonus and Final Additional Bonus, if any, shall be payable below the policy upon due date of parenthood irrespective of relic of the Life Assured.

In injury the premiums are not duly paid (except in prosecution of death of the Life Assured under inforce policy), the policy shall fall to participate in higher profits irrespective of whether or not the policy has acquired paid occurring value. However, the policy shall be considered as inforce upon death during the grace period.

Final Additional Bonus shall not be payable under condensed paid-happening policies.

2.Optional Benefits:
The policyholder has an substitute of availing the taking into consideration Rider benefit(s):

 LICs Accidental Death and Disability Benefit Rider (UIN: 512B209V01)
 LICs New Term Assurance Rider (UIN: 512B210V01)

Rider Sum Assured cannot exceed the Basic Sum Assured.

For more details upon the above Riders, dispatch to the Rider brochure or right to use LICs nearest Branch Office.Annual Income Benefit equal to 10% of the Basic Sum Assured, which shall be payable from the policy anniversary coinciding subsequent to than or once the date of death of Life Assured, till the policy anniversary prior to the date of well along computer graphics.Assured Absolute Amount equal to 110% of Basic Sum Assured, which shall be payable upon due date of maturity; and 

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