This plan is perfect for those who want to secure their family’s financial goals (like children’s education or marriage) while building long-term savings.

🎯 LIC Jeevan Lakshya Plan

LIC’s Jeevan Lakshya is a participating, non-linked endowment assurance plan.
It’s specially designed to provide financial protection to the family in case of the policyholder’s unfortunate death and also ensures a lump-sum amount at maturity — even if the policyholder is no more.

This plan is perfect for those who want to secure their family’s financial goals (like children’s education or marriage) while building long-term savings.

🧩 Key Features

💰 How the Plan Works (Example)

Let’s assume:

• Age: 30 years
• Policy Term: 20 years
• Sum Assured: ₹10,00,000
• Premium Paying Term: 17 years
• Approx. Annual Premium: ₹45,000

👉 Step 1: Pay Premiums for 17 Years

You pay ₹45,000 annually for 17 years.

👉 Step 2: Life Cover During the Term

If the life assured passes away anytime during the policy term, LIC ensures:

• Immediate 10% of Sum Assured paid to the nominee every year till maturity.
• At maturity, the nominee receives the Sum Assured + Bonuses.

This ensures family income continues even in the absence of the policyholder.

👉 Step 3: On Survival to Maturity

If the policyholder survives till maturity:
✅ Maturity Benefit = Basic Sum Assured + Accrued Bonuses + Final Bonus

Example (approximate):
If bonuses total ₹4,00,000,
Maturity = ₹10,00,000 + ₹4,00,000 = ₹14,00,000

⚖️ Death Benefit (Unique Feature)

If death occurs during the policy term (after risk commencement):

• Annual Income Benefit: 10% of Sum Assured every year from the next policy anniversary till maturity.
• At Maturity: Sum Assured on Maturity + Accrued Bonuses + Final Bonus (paid to nominee).

👉 The premium payment stops, but the benefits continue automatically — ensuring your family’s goals are achieved even in your absence.

🧾 Benefits Summary

💡 Example Summary

🎯 Why Choose LIC Jeevan Lakshya

✅ Family income continues even after the policyholder’s death
✅ Maturity benefit guaranteed — even in case of early demise
✅ Combines protection + long-term savings
✅ Eligible for bonuses and final additions
✅ Loan & surrender flexibility
✅ Ideal for family goal-based planning (education, marriage, or retirement)

🔔 Best Suited For:

• Parents planning for children’s education or marriage
• Individuals wanting financial continuity for family
• People preferring guaranteed savings + insurance protection
• Tax-savvy investors seeking risk-free long-term growth