Life Insurance Corporation of India launches Jeevan Lakshya
Posted on: 14/Mar/2015 11:39:54 AM
Jeevan Lakshya, a participating non-linked plan was launched by Life Insurance Corporation of India (LIC) .
The plan is available for ages 18 years to 50 years with option of choosing the policy term from 13 to 25 years. Minimum Basic Sum Assured is Rs 100,000 and further in multiples of Rs 10, 000. There is no limit for the maximum Basic Sum Assured.
In case of death of the policy holder takes place prior to the maturity, 10% of the basic sum assured will be paid on every policy anniversary, further it also provides a lump sum amount at the time of maturity regardless of survival of the policyholder.
