LIC’s Jeevan lakshaya 933 ,Maturity Calculator

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LIC’s Jeevan lakshaya 933

This is a limited premium , profit and the payment plan is undefined . The premium will be paid for 3 years less than the policy term .Death on the sum insured Income Benefits ( 10% Basic SA to be paid from the policy annuity before maturity to 10% of the policy annuity after death ) + 110% Basic SA maturity .

Death benefit

SA + full time bonus + FAP at death , if any , will be paid on maturity .

Maturity benefits – which are determined based on the amount vested + bonus + FAB , if

Maturity / Death franchise installments 5 , 10,15 years the death of the whole or part of the amount of demand maturity: maturity of 3 months before , life insurance, the death to claim the choice to be made.

For example

Age 35, SA-50,000, the policy term -21 years , PPT -18 years ( 21-3), based on the annual premium Rs.25717

40 years old, in the event of the death ( 6th policy year)  

Death benefits

Income Benefit Amount 10% Assured Rs.50 , 000 for the first 21 from7th offered 1st Policy    

Anniversary for 15 years = Rs.50,000 * 15

= Rs.7, 50,000

At maturity (Sum Assured + 110% bonus is given for the 21- year-+ FAB

= Rs.5 ,50,000 + 5,14,500 (49 * 500 * 21) + Rs.50,000 (100 * 500)

= Rs.11 ,14,500

Total death benefit = Rs.7 ,50,000 + Rs.11,14,000

= Rs.18,64,000

Rider benefits are available

  • Term Rider
  • Accidental Uses Rider
  • Accident and Disability Beneficiary
  • Acute Ill Rider

Features & Conditions

  • Minimum age entry is 18 years
  • Maximum age entry – 50 years
  • Maximum maturity age – 65 years
  • Policy Term – 13 to 25 years
  • Maximum – No limit
  • 2% discount

Period of grace

15 days for monthly mode and 30 days for other methods . Availability under the basic plan does not apply only to deaths caused by riders and suicide.

Payment / Surrender / Policy Loan: Available after 2 years of premium payment.

Back dating with lean monthly benefits is allowed.

Conclusion

LIC’s Jeevan lakshaya 933  Insurance is very useful for us .It is an important part of our lives and after life .It is confident that it will be an anchor not only for us but also for our family.

New Plan 933 – LIC Jeevan Lakshya

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