LIC Jeevan Lakshya Plan

JEEVAN LAKSHYA Plan

LIC's Jeevan Lakshya is a participating non-linked plan which offers a combination of protection and savings. This plan provides for Annual Income benefit that may help to fulfil the needs of the family, primarily for the benefit of children, in case of unfortunate death of Policyholder any time before maturity and a lump sum amount at the time of maturity irrespective of survival of the Policyholder. This plan also takes care of liquidity needs through its loan facility.

BENEFITS:

On Death : 

Future premium will be waived.

10% of Sum Assured payable as Income benefit till maturity

At Maturity, 110% of Sum Assured + Reversionary Bonuses + Final Additional Bonus shall be payable.

 

On Maturity : 

Sum Assured + Simple Reversionary Bonuses + Final Additional Bonus shall be

payable.

OPTIONAL BENEFITS:

Accidental Benefit Rider: On Death double the Sum Assured shall be payable.

The benefit covered under this plan is up to the age of Life Assured is 70 Years or till PPT, whichever is earlier.

Accidental Death and Disability Benefit: 

On Death Accidental Sum Assured shall be payable.

Allowed only for Age 18 years and above.

Maturity Installments: Death benefit shall be received in instalments over a period of 5 or 10 or

15 years instead of lumpsum amount.

Term Assurance Rider: Provides Life Cover in case of Death. Allowed only for Age 18 years and above.

The additional premium for the term rider is paid along with the premium of the basic plan.

MODE OF PREMIUM:

Yearly, Half Yearly, Quarterly, Monthly

ELIGIBILITY CONDITIONS:

MIN AGE: 18

MIN TERM: 13

MIN SA: 100000

MAX AGE: 50

MAX TERM: 25

MAX SA: No-Limit

BASIC SA IN MULTIPLES OF 10000

MAX MATURITY AGE: 65

SURRENDER VALUE:

The policy can be surrendered at any time during the policy term provided at least two full years premium has been paid. Surrender Value equal to higher of Guaranteed Surrender Value or Special Surrender Value shall be payable.

LOAN:

At least two full years of premium payment to apply for the loan facility

The loan is a percentage of Surrender Value

The rate of interest for loan amount shall be determined from time to time by Corporation.

LIC Branch 70S - Egmore - Chennai - Tamil Nadu - 600 008

LIC of India Egmore Branch, 

LIC Branch -70S,  Chennai City Branch - 26,

No 140, Marshall Road, Egmore, Chennai - 600008, 

Landmark: Near Government Eye Hospital

Phone - 044 - 23450326, 23450336, 

email: bo.70s@licindia.com

Website: https://licindia.in/

LIC Branch in Channapatna - LIC Premium payments - LIC Branch office - LIC 610 Branch

LIC Branch in Channapatna - 601

640/1, Chikkamalur,
Bangalore Mysore Highway
Channapatna,  

Karnataka, Pin Code: 571501

Ph No.: 080-7200296, 

Email id:bo_601@licindia.com

LIC Premium point in Kathriguppe, Bangalore, Karnataka

LIC PREMIUM POINT KATHRIGUPPE

Address: 57/1, 3rd Cross Rd, 
1st Block, Banashankari 3rd Stage, 
Banashankari, Bengaluru, 
Karnataka 560085

LIC Premium point, Krishnarajapuram, K R Puram, Bangalore, Karnataka

LIC Premium Point, K R Puram 

Address: #37
Yogashema Munibayrappa layout
Maragondanahalli post,
Krishnarajapura, Bengaluru,
Karnataka 560036

Phone: 093412 29393
Hours or services may differ, please call and confirm

LIC life insurance policy premium payment - various methods

LIC of India Life insurance policy premium can be paid by various methods. The best way is to pay online which would account immediately.  Paying LIC premium through LIC agent is old way but that is also good. Now you can pay LIC premium by cheque, cash, debit card, credit, PAYTM etc.,

Here are some methods with which you can pay LIC life insurance policy premium very easily sitting at home without any charges. 


1)  http://www.licindia.in/Home/Pay-Premium-Online 

2)    https://paytm.com/insurance-premium-payment/lic-of-india  

If you are paying by any other means than at LIC counter, please ask your agent to confirm the payment credit to your policy within 3 days from the payment.  

LIC of India online services

LIC of India's official website is http://www.licindia.in and http://www.licindia.com. Existing policyholders, new policyholders, those who want any info on LIC plans or for any services can visit any one of the above-given websites. 

LIC policyholder can get the following services at the website :

• Registration for e-Services
• Online payment facilities
• Policy schedule
• Policy status
• Bonus status
• Loan status
• Claims status
• Revival Quotation
• Premium due calendar
• Premium paid certificate
• Claim history
• Policy Bond/Proposal form image
• Grievance registration
• Process of various services and online forms
• Locators
• FAQs

LIC TPA medical centers 2

Contact numbers are subject to change.

 

Please contact your LIC Agent or particular Branch for more information.

 

LIC policy surrender value

Surrender Value: 

Policy condition states that if policy premium is not paid within the grace period, the policy lapses. If a policy holder wants to discontinue within 3 years from date of commencement, no refund would be paid. 

If the policy premium is paid for full 3 years then only after completion of 3rd i.e from 4th year beginning only , policy loan would be available. Surrender value or cash value is made available generally when the policy has remained in force for at least three years. 

Documents to be submitted for surrender of policy: 

1. Policy bond
2. Surrender forms duly stamped, signed and witnessed
3. Id proof like PAN or Aadhaar card copy
4. Cancelled cheque leaf (name should be printed) or Photocopy of the Bank passbook containing details of Bank Account number, IFSC and MICR 

LINK AADHAAR AND PAN TO YOUR LIC POLICY

Now you can link your Aadhaar and PAN card to your LIC policy online or offline very easily.

Download LINK AADHAAR AND PAN FORM, along with your PAN and AADHAAR card copy submit at the nearest LIC office at the earliest.

For more information, visit : LIC Website for linking Aadhaar and Pan card

LIC PREMIUM COLLECTION CENTER AND NEW POLICY REGISTRATION

LIC PREMIUM COLLECTION CENTER AND NEW POLICY REGISTRATION

Ramaswamy Palya

Kammanahalli Main Road,

Bangalore, Karnataka 560033. India

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• LIC premium payment
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