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 .
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.
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)
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
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.
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.