Here are the key features of the LIC Jeevan Lakshya Plan 733:
1. Type of Policy
This is an endowment plan that provides both life insurance coverage and savings benefits.
2. Premium Payment
The premium is paid for a limited period, and you can choose to pay it monthly, quarterly, half-yearly, or annually, depending on your convenience.
3. Bonus Benefit
As a participating policy, it is eligible for LIC’s bonus declarations, which enhance the overall benefits received at maturity.
4. Sum Assured (Basic Insurance Amount)
The sum assured is chosen at the time of policy purchase. It depends on factors like the premium amount, policy term, and the age of the policyholder.
5. Policy Term
The policy term can range from 13 to 25 years, giving flexibility to choose the term that aligns with your financial planning.
6. Death Benefit
In case of the policyholder’s unfortunate death during the policy term, the nominee will receive the sum assured along with the accrued bonuses and any final additional bonus (if applicable).
7. Maturity Benefit
If the policyholder survives until the end of the policy term, the maturity benefit includes the sum assured along with the accumulated bonuses.
8. Loan Facility
Loans can be availed against the policy after it acquires surrender value, which typically happens after paying premiums for a minimum number of years.
9. Tax Benefits
Premiums paid under this plan are eligible for tax deductions under Section 80C, and the maturity/death benefits are tax-free under Section 10(10D) of the Income Tax Act.
10. Additional Riders
You can enhance the protection by adding optional riders like the Accident Benefit Rider, which provides additional coverage in case of accidental death or disability.
11. Eligibility
The minimum entry age is 18 years, and the maximum age is 50 years.
12. Minimum Sum Assured
The minimum sum assured under this plan is ₹1,00,000.
This plan is ideal for individuals looking to secure their family’s fut
ure financial needs while building savings for long-term goals.
PAYMENT
• Pay New/Renewal Premium by Credit Card (No extra charges)
https://ebiz.licindia.in/D2CPM/#DirectPay
• Pay New/Renewal Premium by Paytm
https://paytm.com/insurance-premium-payment/lic-of-india
• Pay New/Renewal Premium by Google Pay
• Pay New/Renewal Premium by PhonePe
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