A LIMITED PREMIUM PLAN WITH ANNUAL INCOME BENEFIT
A LIMITED PREMIUM PLAN WITH ANNUAL INCOME BENEFIT
Life Insurance Corporation of India (LIC) offers a variety of insurance plans to cater to the diverse needs of its customers. One such plan is LIC's Jeevan Lakshya, which is a limited premium plan with an annual income benefit. This plan is designed to provide financial security to the policyholder and their family in case of any unfortunate event.
The policyholder needs to pay just Rs. 50 per day for 10 years only to avail of this plan. After the completion of the policy term, the policyholder will receive a tax-free maturity amount of Rs. 2.5 lakh. This amount can be used to meet various financial needs such as children's education, marriage, or any other expenses.
Apart from the maturity benefit, the policy also provides life cover to the policyholder. In case of the policyholder's unfortunate demise during the policy term, the nominee will receive the sum assured along with the annual income benefit. This ensures that the policyholder's family is financially secure even in their absence.
The policy also offers the option of availing a loan against the policy. This can be useful in case of any financial emergency. Additionally, the policyholder can also opt for various riders such as Term Rider, AD & DB Rider, and Double Accident Benefit Rider. These riders provide additional benefits to the policyholder and their family.
In conclusion, LIC's Jeevan Lakshya is an excellent limited premium plan with an annual income benefit. It provides financial security to the policyholder and their family in case of any unfortunate event. The policy is affordable, and the maturity amount is tax-free. The policy also offers various riders, which can be useful in case of any additional financial needs. Overall, this plan is an excellent investment for anyone looking for financial security and peace of mind.
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