What’s Great About LIC’s Jeevan Lakshya Investment Plan?

LIC Jeevan Lakshya is one of the many plans offered by LIC, that can be easily described as "The Assurance of Protection and Savings". Let us start with the benefits associated with this policy.

Best Investment Plans
  • Guaranteed Tax Savings

    Under sec 80C & 10(10D)
  • ₹ 1 Crore

    Invest 10k Per Month*
  • Zero LTCG Tax

    Unlike 10% in Mutual Funds

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Grow Your Wealth !

Best Plans With High Returns Available On One Platform

View Plans
Please wait. We Are Processing..
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp

Jeevan Lakshya Plan's Death Benefits:

There is a simple condition you must fulfill to receive the full death benefit of the LIC Jeevan Lakshya Insurance plan. If you pay the full premium on time or at least within the extended time frame offered by the plan, you will be eligible to receive the following benefits under the “death benefit” term.

  • Annual Income Benefits: This amounts to 10% of the Basic Sum Amount. The nominee of the policyholder will get this amount once a year. The policy must complete one year from the date of the policyholder's death, after which the nominee will begin receiving this sum. Additionally, the nominee will continue to receive this benefit till the policy’s actual maturity date.
  • Assured Absolute Sum: This amounts to 110% of the Basic Sum Amount assured for the policy. The nominee shall receive it on the policy's maturity date.
  • Vested Simple Reversionary: The nominee will receive it on the policy’s maturity date, as well.
  • Final Additional Bonus: This is applicable for smoothly maintained policies only. If every premium is paid on the due date and the liquidity is consistently maintained, one can apply for this benefit.

The total amount of death benefit is never less than 105% of the total premium amount paid. It is paid excluding taxes and other charges, if applicable.

  1. Maturity Benefit:

    On maturity of the policy, the policyholder will first receive the "Sum Assured on Maturity". This amount includes the entire amount paid as a premium (with no loans/or the entire loan amount paid). It also includes the Reversionary Bonus, and if applicable, the additional bonus.

  2. Participation in Profit:

    If a policyholder pays all the premiums within their due time, the policy will be eligible to receive a percentage of the profits of the Life Insurance Corporation. The corporation will invest the policy money/property on profitable businesses and will share the profit with the regular financial contributor that is the policyholders. 

  3. Optional Benefits:

    The Jeevan Lakshya policy offers two additional riders. They are Death or Accidental Issue Rider and New Assurance Rider. These riders are optional. A policyholder may or may not enroll for them. Individually, these two riders have different features. Let us share a comparison chart for a better understanding.

LIC Jeevan Lakshya Policy’s Compared with Death or Accidental Issue Rider, and New Assurance Rider 


LIC Jeevan Lakshya 

Death or Accidental Issue Rider

New Assurance Rider

Minimum Age to Signup

18 years or above

Applicable at the age of 18

Applicable at the age of 18 or above

Maximum Age to Signup

50 years or below

Must pay for 5 years of the premium amount

Applicable at the age of 50 or below

Maximum Age to Maturity

65 years or below

65 years or below

65 years or below

Sum Assured

Rs. 1 Lakh at Min.

Rs. No limit at Max.

Rs. 1 Lakh at Min.

Max 105% (depends on the maturity and the Max Sum Assured)

Rs. 1 Lakh at Min

Rs. 25 lakhs at Max.

Payment Terms: LIC Jeevan Lakshya Policy, Death, or Accidental Issue Rider, and New Assurance Rider

Policy Type

LIC Jeevan Lakshya 

Death or Accidental Issue Rider

New Assurance Rider

Premium Pay Time

3 years

3 years

3 years

Policy Time

13 years at Min

25 years at Max


13 years at Min

25 years at Max

The total sum assured, in addition to the two extra riders, will not exceed the actual Basic Sum Assured on this policy. To avoid any confusion, you can visit the nearest LIC office. You can also contact their helpline number for minor issues. These are financial issues and any misunderstanding can lead to problems in the future, so it's better to clarify any doubts as soon as you can.

Summing it Up:

We need life insurance policies to ensure a better life and our options vary depending on our individual needs. A plan that can offer a loan in time of need is a bonus. Jeevan Lakshya is one such plan because it is designed to help us when we are still around and even after our death.

It provides the insured with an annual income from which s/he can expect to get financial support during tough times. It is very similar to opening your own company that will pay you for the investments you made and in fact, will pay you back double or at an even higher rate, after a certain time. In short, it fulfills every expectation that we have from an insurance policy.

Written By: PolicyBazaar - Updated: 05 November 2021

Investment plans articles

Recent Articles
Popular Articles
Importance of Investment

06 Jan 2022

How would you define an investment? An investment can be an...
Read more
NRI Account Minimum Balance

05 Jan 2022

The mere mention of the NRI minimum balance will compel you to...
Read more
RD Interest Rates

05 Jan 2022

Recurring Deposit or RD accounts are a popular low-risk...
Read more
Canara Bank NRI Account

04 Jan 2022

The exclusive Canara Bank NRI Services ensures a seamless...
Read more
Commodity Investment

03 Jan 2022

A commodity is any good or service that can be exchanged for...
Read more
Best LIC Policies For Investment in 2022
When it comes to purchasing a life insurance plan, 'LIC policies' are the most popular choice for customers. LIC...
Read more
Post Office Monthly Income Scheme - MIS Interest Rate 2022
Are you looking for an investment avenue that is safe and secure, earns substantial returns with a short locking...
Read more
Short Term Investments Options
Short-term investments can be described as temporary investments or marketable securities, which can be easily...
Read more
SBI Life Insurance Plans in India
SBI Life Insurance, a joint venture between State Bank of India (SBI) and BNP Paribas Assurance, provides...
Read more
Ways to Double Your invested Money
One of the main reasons we invest money is to save it and watch it grow. However, with low interest rates from...
Read more
Download the Policybazaar app
to manage all your insurance needs.