LIC's Special Policy: Get Rs 27 lakh depositing Rs 3800, 3 years.
Welcome back to our informative blog site knowing steps360. You must have heard about LIC's Jeevan Lakshya Policy. This policy is one of the most popular policies of LIC. As the name of this policy is, so is its work. It is designed to fulfill the goal of life. This policy has been made according to the goals set by the family and household people for the future. It is easy to achieve the goal of life through this policy.
This policy provides safety as well as saving. It is a limited premium payment plan in which premiums have to be deposited for 3 years less than the policy period. This policy is a profit policy in which the policyholder is given an amount in the form of a reversionary bonus and a final additional bonus if the LIC benefits. The most important thing of this plan is that if the insurance holder dies during the policy, the family is given regular income, which is salan. This income is given up to one year before the policy matures. Along with this, the amount of maturity is also available.
What is the life goals policy?
The premium paid under this policy is exempt from tax. On completion of insurance, there is no tax on the amount received in maturity and death benefit. This policy cannot be given to children below 18 years of age. Only people over 18 years can take this policy. Maximum 50 years and six months people can buy this policy. The maximum maturity age of this policy is 65 years. Under this policy, insurance ranges from 13 years to 25 years.
3 years less premium to be paid
The payment term of the policy is 3 years less than the maturity. That is, if you have taken a policy for 13 years, then the premium will have to be paid only for 10 years. It has to take insurance of at least 1 lakh equivalent and there is no limit on the maximum amount. There is a rider of Accident and Death, as well as a new term assurance, for which money will have to be paid separately. To understand what is the benefit of this policy, one can take an example. In this, information about premium and payment can be easily found.
Understand from this example
Suppose 30-year-old Mohan has taken this policy. Mohan has taken this policy of 10 lakhs Sum Assured for 25 years. According to the premium term, Mohan will have to pay the premium for 22 years instead of 25 years. On maturity of insurance, Mohan will get the entire amount by adding Sum Assured, Waste Reversionary Bonus, and Final Additional Bonus.
If all three are added, Mohan will get 27 lakh rupees on maturity. In this, the sum assured will be 10 lakhs, reversionary bonus 12.50 lakhs, and additional bonus 4.50 lakhs. For insurance of 10 lakhs, you will have to deposit Rs 3810 in this policy every month. After depositing this amount every month, you will get 27 lakh rupees after 25 years.
Many benefits for the nominee
If after 10 years of taking the policy, if the insured dies, then from the 11th year to the 24th year (if the policy term is 25 years) you will get regular income annually. Its premium will be paid by LIC. After adding everything, the family of the insured will get 28 lakh rupees as maturity, while the nominee will continue to receive money in the form of annual income every year. In this policy, annual, half-yearly, quarterly, and monthly premiums can be paid. There is also a facility to take a loan in this policy.
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