New Delhi: LIC runs several special schemes that offer significant benefits to the public. People across all age groups, including the elderly, children, youth, and women,n can easily accumulate a substantial corpus. The LIC ‘Jeevan Lakshya’ scheme is particularly noteworthy; by joining this scheme, you can earn impressive returns without any hassle.
By investing approximately ₹5,000 per month in this scheme, you can secure a fund exceeding ₹28 lakh upon maturity. Beyond the financial payout, the policy offers several other major benefits. If you wish to avail yourself of the Jeevan Lakshya scheme, understanding a few key details will help clear up any confusion.
Key Features of the Jeevan Lakshya Scheme
The LIC Jeevan Lakshya scheme is a standout offering. The minimum basic sum assured for the policy is ₹1 lakh, while there is no upper limit on the sum assured; you have the flexibility to choose as high a sum assured as you desire. The plan is available with policy terms ranging from 13 to 25 years.
You are required to pay premiums for a period that is three years shorter than the total policy term. There are also specific age-related conditions for this scheme: the minimum entry age is 18 years.
The maximum entry age for this life insurance policy is 50 years, while the maximum age at maturity is 65 years. Once the policy is purchased, premiums can be paid on a monthly, quarterly, half-yearly, or annual basis.
How to Accumulate a Large Fund?
One needs to keep a few important points regarding LIC’s scheme in mind. Under this plan, an individual can enrol in the LIC Jeevan Lakshya policy with a sum assured of ₹15 lakh. While the policy term is 25 years, premiums need to be paid for only 22 years. According to the LIC calculator, the policyholder would need to pay a premium of ₹5,169 per month (approximately ₹172 per day).
How does the corpus reach ₹28.5 lakh?
It is worth noting that the LIC Jeevan Lakshya scheme is unique. Along with comprehensive life cover and various benefits, this scheme allows for the accumulation of a substantial corpus. According to the LIC calculator, if a 29-year-old individual takes out a policy with a sum assured of ₹15 lakh for a 25-year term, they could receive up to ₹28.50 lakh upon maturity, thanks to the double bonus benefit. You can quickly join this scheme and build a substantial fund.
