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LIC

LIC Jeevan Lakshya

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A participating, non-linked individual savings plan designed to secure your family's future while helping you achieve long-term financial goals.

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LIC's Jeevan Lakshya

The essentials

Your plan at a glance

Min. sum assured
₹2,00,000
Policy term
13–25 Years
Entry age
18–50 Years (varies by policy term)
Premium payment
Yearly, Half-Yearly, Quarterly, Monthly

Plan Overview

LIC Jeevan Lakshya is a participating, non-linked life insurance savings plan that provides financial support to the family in case of the life assured's unfortunate demise during the policy term. The plan pays annual income benefits after death and a lump sum amount at maturity while also offering maturity benefits if the life assured survives the policy term. It combines protection with disciplined long-term savings.

Life Cover
Savings Benefit
Maturity Payout
Bonus Eligible

Features & Benefits

Protection with Savings
Provides life insurance protection along with guaranteed maturity benefits and participation in LIC bonuses.
Annual Income Benefit
In case of death during the policy term, 10% of the Basic Sum Assured is paid every year from the policy anniversary following death until one year before maturity.
Maturity Benefit
If the life assured survives the policy term, the Basic Sum Assured along with vested Simple Reversionary Bonus and Final Additional Bonus (if declared) is payable.
Participating Plan
Eligible for Simple Reversionary Bonus and Final Additional Bonus depending upon LIC's valuation surplus.
Flexible Premium Modes
Premiums can be paid: Yearly Half-Yearly Quarterly Monthly
Loan Facility
Policy loans are available after completion of one policy year, subject to surrender value conditions.
Revival Benefit
A lapsed policy may be revived within the prescribed revival period by fulfilling LIC's revival conditions.

Coverage Details

Parameter Details
Plan Type Participating Non-Linked Individual Savings Plan
Minimum Sum Assured ₹2,00,000
Maximum Sum Assured No Limit (subject to underwriting)
Policy Term 13–25 Years
Premium Paying Term Policy Term – 3 Years
Premium Modes Yearly / Half-Yearly / Quarterly / Monthly
Death Benefit Annual Income Benefit + Lump Sum Benefit
Survival Benefit Maturity Benefit with Bonus
Bonus Simple Reversionary Bonus + Final Additional Bonus
Loan Facility Available
Surrender Value Available after acquiring surrender value
Settlement Option Available

Eligibility Criteria

Eligibility Details Minimum Entry Age 18 Years
Maximum Entry Age Up to 50 Years (depends on policy term)
Maximum Maturity Age 65 Years
Minimum Policy Term 13 Years
Maximum Policy Term 25 Years
Premium Paying Term Policy Term – 3 Years

Required Documents

Identity Proof
Aadhaar Card PAN card Passport Voter ID
Address Proof
Aadhaar Card Passport Utility Bill Voter ID
Financial Documents
Income Proof (if required) Bank Account Details
Other Documents
Passport-size Photograph Age Proof

Frequently Asked Questions

Yes. It is specifically designed to provide annual income to the family after the policyholder's death while also paying a lump sum at maturity.

No. Bonuses depend on LIC's valuation surplus and are declared by the Corporation.

Yes. Policy loans are available after completion of one policy year, subject to surrender value conditions

Yes. The policy acquires surrender value after meeting the required premium payment conditions. The higher of Guaranteed Surrender Value or Special Surrender Value is payable

Yes. A lapsed policy may be revived during the revival period as per LIC rules.
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Download Resources
Proposal Form PDF
Plan Brochure PDF

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