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(A Non-Linked, Participating, Individual, Life Assurance Savings Plan)
LIC’s Jeevan Lakshaya is a Non-linked, Participating, Individual, Life Assurance plan which offers a combination of protection and savings. 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.This plan also takes care of liquidity needs through its loan facility.
Key Features & Highlights :
A Sample Case Study On LIC Jeevan Lakshya Plan:
Let us suppose that Mr. XYZ has availed LIC Jeevan Lakshya for a term of 30 years. His current age is 25 and the sum assured is 20 lakhs. Let’s list out the initial details of how the policy would work in his case -
Maturity Benefit - If Mr. XYZ survives through the entire policy period, the final amount that he receives is -
Maturity Amount = Rs. 20,00,000 (Sum Assured) + Simple Reversionary Bonuses + Final Additional Bonus (if any).
In Case of an unfortunate event:
- If Mr. XYZ dies after 8 years from the date of the receipt of the policy, the death benefit payable will be -
LIC’s Jeevan Lakshya Plan is an Endowment Plan that gives Regular Income to family, in case of an unfortunate event.
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👪 Secure Your #Family👪
If You don't Have A #LICPolicy Yet, Get It Today..!!
Invest Today For ...
🔸Child Education..
🔸Child Marriage..
🔸Retirement..
🔸Long Term Investment..
Get Guaranteed Survival Benefit
equal to 8% of Basic Sum Assured
Each Year After the Final Premium,
Till Age 99 and Lump Sum Maturity Benefit
on survival to Age 100.!!
Eligibility Criteria
Invest For 15 / 20 / 25 / 30 Years..!!
Minimum Amount : 2 Lakhs..!!
Maximum Amount : No Limit..!!
Minimum Age : 90 days Completeted..!!
Maximum Age : 55 Years..!!
For More Information.
Call / Whatsapp @
+91-9028917175, 7892795163
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LIC's Assets at $463 Billion Exceeds the GDP of Several Economies
Brand LIC was recognized as the third strongest and 10th most valuable global insurance brand in 2021, as per the "Insurance 100 2021 report" released by Brand Finance.
LIC assets at $463 billion exceeds the GDP of several economies, and it is ranked 5th globally in terms of life insurance GWP and 10th globally in terms of total assets.
◆ It's assets are 1.1 times more than the entire Indian MF industry i.e. Rs 31.4 trillion (till March 31, 2021).
◆ LIC's assets are 16.3 times the AUM of the second largest private insurer in India, i.e. SBI Life. 4 per cent of total NSE market cap is held by LIC.
◆ LIC is the largest asset manager in India with Rs 36.7 trillion AUM. LIC's AUM on a standalone basis was equal to 18 per cent of India's GDP for FY21.
◆ LIC is ranked 5th globally in terms of life insurance GWP and 10th globally in terms of total assets (comparing LIC's assets as on March 31, 2021 with other life insurers assets as on December 31, 2020).
◆ LIC's investment in equities in India as on September 30, 2021 represented 7.62 per cent of the outstanding (non-promoter market cap in India).
◆ For Fiscal 2021, LIC issued approximately 21 million individual policies, representing a 74.6 per cent market share in new individual policy issuances.
◆ As per the report, the brand value of LIC in 2021 is US$8,655 million with a brand strength index (BSI) score of 84.1 in 2021 out of 100 with a corresponding AAA- brand strength rating.
◆ The strength of brand LIC is further evidenced by it being recognized as WPP Brands second most valuable Indian Brand in 2019 and 2020.
It has been providing life insurance in India for more than 65 years and is the largest life insurer in India in terms of Gross Written Premium (GWP) with a market share of 64.1 per cent, New Business Premium (NBP) with a market share of 66.2 per cent, number of individual policies issued with a market share of 74.6 per cent and number of group policies issue with a market share of 81.1 per cent for fiscal 2021.
Get Attractive Returns on Savings, Child's Future, Regular Income, Investment, Retirement - Pension Schemes.