LIC Jeevan Lakshya (Plan No. 733)

LIC’s Jeevan Lakshya (Plan 733) is designed to protect a family goal such as a child’s education or marriage. If the life assured dies during the term, the family gets a lump sum, an annual income every year till one year before maturity, and the maturity amount is still paid at the end – so the goal is not affected.

How LIC Jeevan Lakshya works

• Premiums are paid for a shorter period than the policy term.
• On death during the term: immediate death benefit, then an Annual Income Benefit (10% of basic sum assured) every year, and a lump sum on the maturity date.
• On survival, you receive the maturity amount with bonuses.

Who should buy this plan?

• Parents planning children’s higher education or marriage
• Single-income families
• People who want a goal to be completed even in their absence

Important points before you buy

• Annual income on death is paid till one year before maturity.
• Bonuses are not guaranteed.
• Often compared with child plans – it protects the goal through the parent’s life.

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Why buy LIC Jeevan Lakshya through Vedpal Singh?

• 20+ years of experience with LIC in the Chandigarh tri-city; Development Officer at LIC’s Manimajra branch.
• Honest comparison of plans – we suggest what fits your goal and budget, including term cover where needed.
• Doorstep service for proposal, KYC and medicals in Chandigarh, Mohali, Panchkula and Zirakpur.
• Lifetime after-sales help: premium reminders, loans, nominee change, revival and claim support for your family.

Frequently asked questions

Source: plan details summarised from LIC’s official plan list and brochures on licindia.in. Features, eligibility and rates may change – the latest LIC sales brochure prevails.

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