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.

LIC Plans-
Buy LIC policy online hassle free
Tax saving under Sec 80C & 10(10D)^
Guaranteed maturity with life cover for securing family's future
Sovereign guarantee as per Sec 37 of LIC Act
LIC life insurance
We are rated~
6.7 Crore
Registered Consumers
Insurance Partners
3.4 Crore
Policies Sold
Now Available on Policybazaar
Grow wealth through
100% Guaranteed Returns with LIC
We don’t spam
View Plans
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on ''View Plans'' you, agreed to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp
We are rated~
6.7 Crore
Registered Consumers
Insurance Partners
3.4 Crore
Policies Sold

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 

Criteria 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 N/A 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.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
++Returns are 10 years returns of Nifty 100 Index benchmark

LIC of India
LIC Plans
LIC Jeevan Utsav
LIC Jeevan Kiran
LIC Dhan Vriddhi
LIC Monthly Investment Plans
LIC Jeevan Azad
LIC 1 Crore Endowment Plans
LIC Jeevan Labh 1 Crore
LIC Crorepati Plan
LIC Dhan Varsha - Plan No. 866
LIC Pension Plus Plan
LIC New Jeevan Shanti
LIC Bima Ratna
LIC Group Plans
LIC Fixed Deposit Monthly Income Plan
LIC Savings Plans
LIC’s New Jeevan Anand
LIC New Jeevan Anand Plan 915
LIC's Saral Jeevan Bima
LIC's Dhan Rekha
LIC Jeevan Labh 836
LIC Jeevan Jyoti Bima Yojana
LIC Child Plans Single Premium
LIC Child Plan Fixed Deposit
LIC Jeevan Akshay VII
LIC Yearly Plan
LIC Bima Jyoti (Plan 860)
LIC’s New Bima Bachat Plan 916
LIC Bachat Plus Plan 861
LIC Policy for Girl Child in India
LIC Samriddhi Plus
LIC New Janaraksha Plan
LIC Nivesh Plus
LIC Policy for Women 2024
LIC Plans for 15 years
LIC Jeevan Shree
LIC Jeevan Chhaya
LIC Jeevan Vriddhi
LIC Jeevan Saathi
LIC Jeevan Rekha
LIC Jeevan Pramukh
LIC Jeevan Dhara
LIC Money Plus
LIC Micro Bachat Policy
LIC Endowment Plus Plan
LIC Endowment Assurance Policy
LIC Bhagya Lakshmi Plan
LIC Bima Diamond
LIC Anmol Jeevan
LIC Bima Shree (Plan No. 948)
LIC Jeevan Saathi Plus
LIC Jeevan Shiromani Plan
LIC Annuity Plans
LIC Jeevan Akshay VII Plan
LIC SIIP Plan (Plan no. 852) 2024
LIC Jeevan Umang Plan
LIC Jeevan Shanti Plan
LIC Online Premium Payment
LIC Jeevan Labh Policy-936
LIC Money Plus Plan
LIC Komal Jeevan Plan
LIC Jeevan Tarang Plan
LIC Bima Bachat Plan
LIC’s New Money Back Plan-25 years
LIC Money Back Plan 20 years
LIC Limited Premium Endowment Plan
LIC Jeevan Rakshak Plan
LIC New Jeevan Anand (Previously LIC Plan 149)
LIC New Endowment Plan
LIC Varishtha Pension Bima Yojana
LIC Investment Plans
LIC Pension Plans
Show More Plans
LIC Calculator
  • One time
  • Monthly
/ Year
Sensex has given 10% return from 2010 - 2020
You invest
You get
View plans
Download the Policybazaar app
to manage all your insurance needs.