Is Jeevan Lakshya a good policy?
Table of Contents
- 1 Is Jeevan Lakshya a good policy?
- 2 Which LIC policy is best Jeevan Anand or Jeevan Umang?
- 3 What is the maturity amount of Jeevan Lakshya?
- 4 What is the benefit of Jeevan Lakshya?
- 5 Which plan is best in LIC?
- 6 What is LIC Jeevan Labh interest rate?
- 7 What is new term assurance rider in LIC Jeevan Lakshya scheme?
- 8 What are the optional riders for LIC’s policy?
Is Jeevan Lakshya a good policy?
Yes, it is a great option for you if you’re looking for comprehensive life cover and a great return on your investment. So, if you’re looking for a super life insurance product to ensure complete financial protection and higher returns on your investment, go for LIC Jeevan Lakshya Plan.
Which LIC policy is best Jeevan Anand or Jeevan Umang?
Let us dig in and have a detailed comparison between Jeevan Anand and Jeevan Umang so that you know which policy suits your requirements the best….LIC New Jeevan Anand – Product Specification.
| Product Name | LIC New Jeevan Anand |
|---|---|
| Policy Term | 15/35 Years |
| Premium Payment Term | Same as Policy Term |
Is LIC Jeevan Labh a good policy?
To add to it, the LIC Jeevan Labh Plan offers death as well as maturity benefits with additional profit participation bonus. This plan has been rated high as one of the best-selling endowment plans offered by LIC. Being available to a group age of 8-59 years, this plan offers a host of benefits to the policyholder.
Is Jeevan Labh 936 a good policy?
LIC Jeevan Labh (Plan No: 936) is one of the effective life insurance plans offered by the Life Insurance Corporation of India. It also provides financial support to the family the needful in case of insured’s miserable demise. People from the age group of 8-59 years can take advantage of this plan.
What is the maturity amount of Jeevan Lakshya?
Eligibility Conditions of LIC Jeevan Lakshya
| Policy Name/Criteria | LIC Jeevan Lakshya | New Term Assurance Rider |
|---|---|---|
| Maximum Age of Entry | 50 years | 50 years |
| Maximum Maturity Age | 65 years | Same as Jeevan Lakshya |
| Sum Assured | Minimum – Rs. 1,00,000 Maximum – No limit | Minimum – Rs. 1,00,000 Maximum – Rs. 25 lakhs |
What is the benefit of Jeevan Lakshya?
This plan provides for Annual Income benefit that may help to fulfill 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.
Which is better LIC or PPF?
While LIC policies serve the purpose of insurance, a PPF serves the purpose of savings. PPF is a Public Provident Fund meant for long-term savings and retirement….PPF VS LIC.
| Points | LIC | PPF |
|---|---|---|
| Risk | Safe | Safest |
| Target audience | Caters to those who have dependents | Caters to everyone |
| Tenure | Flexible | 15 years |
Is Jeevan Umang a guaranteed plan?
LIC Jeevan Umang gives assured Lifelong Pension at the rate of 8\% of Sum Assured, all along covering your life insurance upto 100 years. In case the policyholder survives the policy period, Guaranteed pension starts, which he’ll recieve lifelong along with continued insurance cover.
Which plan is best in LIC?
Best LIC Plans List for 2022
| LIC Policies | Plan Type | Policy Term |
|---|---|---|
| LIC Jeevan Umang | Whole Life Insurance | 100 years minus(-) the age at entry |
| LIC Jeevan Amar | Term Assurance Plan | 10 years-40 years |
| LIC Money Back 25 years | Money Back Policy | 25 years |
| LIC New Jeevan Anand | Endowment Plan | 15 years-35 years |
What is LIC Jeevan Labh interest rate?
2.17 lakhs (4\% interest) or Rs. 3.41 lakhs (8\% interest) as death benefit. The interest rates are subject to company policies.
What is LIC Jeevan Lakshya policy?
Introduced on March 2015, LIC Jeevan Lakshya Policy is a limited premium paying conventional plan categorised as the With-Profit Endowment Assurance plans.
What is the jeejeevan Lakshya plan?
Jeevan Lakshya is one such plan because it is designed to help us when we are still around and even after our death. It provides the insured with an annual income from which s/he can expect to get a financial support during tough times.
What is new term assurance rider in LIC Jeevan Lakshya scheme?
New Term Assurance Rider – The New Term Assurance rider is made available on making the payment of an additional premium at the inception of the policy. The payment of amount is made together with the primary plan of the LIC Jeevan Lakshya Scheme.
What are the optional riders for LIC’s policy?
Even there are two optional riders for the policy that is LIC’S Accidental Death and Disability Benefit Rider. Another one is the LIC New Term Assurance Rider. There are maturity benefits associated with this plan.