Save 180 Rupees Per Day, Get 28.50 lakhs – LIC Jeevan Lakshya


In the realm of life insurance, individuals seek to secure their financial future and provide a safety net for their loved ones in the event of unforeseen circumstances. The LIC Jeevan Lakshya policy is a non-linked, participating, individual life assurance plan that offers a comprehensive solution to meet these goals. This essay explores the key features and benefits of the LIC Jeevan Lakshya policy, highlighting how it provides both maturity benefits and financial protection for the policyholder’s family. Additionally, we will delve into the eligibility criteria, premium payment options, policy tenure, and other essential aspects to better understand the significance of this policy in enhancing financial security.

I. Understanding the LIC Jeevan Lakshya Policy

The LIC Jeevan Lakshya policy is designed to provide life coverage with added benefits that ensure financial security during the policy term. As a participating plan, the policyholder becomes eligible to receive bonuses declared by LIC, enhancing the overall policy value over time. This life assurance plan not only offers a lump sum maturity benefit to the policyholder at the end of the chosen policy tenure but also ensures that the nominee or legal heir receives the sum assured in the unfortunate event of the policyholder’s demise during the policy term. The policy acts as a financial shield, safeguarding the interests of both the policyholder and their family.

II. Eligibility and Policy Features

To avail of the LIC Jeevan Lakshya policy, the policyholder must meet certain eligibility criteria. The minimum entry age is 18 years, ensuring that young individuals can secure their future early on. However, the upper age limit is 50 years, allowing people in their prime years to embrace the policy’s benefits. The policy matures when the policyholder reaches the age of 65 years, providing a considerable window for reaping the rewards of long-term investment.

III. Sum Assured and Policy Tenure

The LIC Jeevan Lakshya policy offers a minimum sum assured of Rs 1 Lakh, providing a substantial financial base for the policyholder’s family in the event of any unfortunate circumstance. Moreover, policyholders have the flexibility to choose a policy tenure ranging from 13 to 25 years, allowing them to align the plan with their long-term financial goals.

IV. Premium Payment Options

The policyholder can select a premium payment period, making it convenient to manage financial commitments. With the flexibility to pay premiums monthly, quarterly, half-yearly, or annually, individuals can opt for the frequency that best suits their cash flow. Additionally, the unique feature of paying reduced premiums for three years within the policy term reduces the financial burden, further enhancing the appeal of the LIC Jeevan Lakshya policy.

V. Loan Facility and Documentation

After completing two years of the policy term, the policyholder can avail of a loan by using the policy as collateral, providing a valuable source of liquidity in times of need. To purchase the policy, individuals are required to submit essential documents such as Aadhaar card, income certificate, identity proof, address proof, birth certificate, and passport-size photographs, streamlining the application process.

VI. Assessing the Benefits

The LIC Jeevan Lakshya policy offers a plethora of benefits that empower individuals to build a secure financial future. The lump sum maturity benefit ensures a handsome return at the end of the policy tenure, encouraging disciplined saving and investment habits. Additionally, the policy provides financial protection to the family in case of the policyholder’s untimely demise, serving as a valuable financial safety net.

VII. Tailoring the Policy to Individual Needs

One of the strengths of the LIC Jeevan Lakshya policy is its adaptability to individual preferences and circumstances. Policyholders can tailor the policy to their specific needs, selecting a sum assured and policy tenure that aligns with their financial objectives. Moreover, the flexibility in premium payment options allows individuals to manage premiums efficiently, ensuring that the policy remains active and benefits the policyholder and their loved ones.

VIII. Tax Benefits

Beyond the core advantages of financial security and life coverage, the LIC Jeevan Lakshya policy also offers tax benefits. Premiums paid towards the policy are eligible for tax deductions under Section 80C of the Income Tax Act, easing the burden of tax liabilities and increasing the policy’s overall attractiveness.


The LIC Jeevan Lakshya policy represents an all-encompassing solution for individuals seeking to enhance their financial security. With its robust features, including maturity benefits, financial protection for the family, flexible policy tenure, and premium payment options, the policy stands as a reliable choice for individuals at various stages of life. By investing in the LIC Jeevan Lakshya policy, individuals can safeguard their financial future and create a legacy that endures beyond their lifetime. Embracing this policy not only offers peace of mind but also sets a strong foundation for a financially stable and secure tomorrow.

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