It Is Often Seen In Life Insurance Policies That The Policy Is Fully Accounted For Only After The Death Of The Holder.
But This Is The Only Policy Of LIC In Which The Policy Continues After The Death Of The Holder Without Paying Premium And At The Time Of Maturity Gives The Full Amount Along With Bonus To The Nominee And Cashback For Children’s Education During The Term Of The Policy.
After The Second Wave Of Corona, People’s Inclination Towards Life Insurance Has Increased Rapidly. It Is Often Seen That In Any Scheme Of LIC, The Full Account Of The Policy Is Done Only After The Death Of The Holder. But LIC’s Jeevan Lakshya Is The Only Scheme In Which The Policy Continues After The Death Of The Policyholder Without Paying Premium And The Entire Amount With Bonus To The Nominee At The Time Of Maturity And For Children’s Education During The Policy Term. Gives Cashback.
LIC Introduces It In The Name Of Jeevan Lakshya But People Also Know It As Kanyadaan Policy. Kanyadaan Policy Because The Father Often Buys This Policy For The Daughter’s Education And Marriage. The Policy Pays A Substantial Amount On Its Maturity, Due To Which The Daughter’s Marriage Takes Place With Great Pomp. On Investing In This Policy, There Is A Deduction Of Up To 1.5 Lakh Rupees In Income Tax.
On The Normal Death Of The Policy Taker, Twice The Sum Assured Amount And In Case Of Accidental Death, Twice The Sum Assured Amount Is Given To The Family And Also 10 Percent Of The Sum Assured Amount Is Given Every Year Till The Maturity Of The Policy For The Education Of The Children.
The Age Of The Policy Taker Should Be Between Minimum 18 Years To Maximum 50 Years. The Person Investing In This Scheme Gets A Deduction Of Up To 1.5 Lakh Rupees In Income Tax.
Suppose A Purchased This Policy At The Age Of 40 Years. In This, He Has Made His Daughter B As A Nominee. Sum Insured Amount Is 5 Lakhs. He Has Taken This Policy For 25 Years. In Such A Situation, They Will Have To Deposit Premium Around 27000 Per Annum For 22 Years. On The Maturity Of The Policy, The Nominee Will Get Around 13 Lakhs. If A Dies Of Any Disease Or Corona After Starting The Policy, Then The Family Will Get Rs 5 Lakh.
