LIC Jeevan Lakshya Plan
  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
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Himanshu Kumar
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Himanshu

Himanshu Kumar

Term & Life Insurance

Himanshu is a content marketer with 2 years of experience in the life insurance sector. His motto is to make life insurance topics simple and easy to understand yet one level deeper for our readers.

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Raj Kumar

Raj Kumar

Health Insurance

Raj Kumar has more than a decade of experience in driving product knowledge and sales in the health insurance sector. His data-focused approach towards business planning, manpower management, and strategic decision-making has elevated insurance awareness within and beyond our organisation.

Updated on Apr 08, 2025 4 min read

LIC Jeevan Lakshya Plan

For the financial security of children and families, the LIC Jeevan Lakshya Plan (Plan No: 933) is the most suitable one. It is a collection of savings plus it covers the risk factor. It is a limited premium paying plan that is not at all linked and classified With-Profits Endowment Assurance plan. This plan started in March in the year 2015. In the case of the death of the policyholder, this plan will provide an annual income that could be beneficial to the family of the deceased. A lump sum amount is also given at the end of the maturity period regardless if the policyholder is alive or not. This plan is not available online so to buy this plan agents and brokers are to be contacted. One can even buy this plan by visiting the branch offices of the company or visiting their executives.

LIC Jeevan Lakshya Plan offers you a range of benefits including:

why-choose
  • Death Benefits
  • Maturity Benefits
  • Rider benefits
  • High sum assured rebates
  • Participation in profits

Eligibility Criteria for LIC Life STEP Plan

Your Occupation

Entry age

Minimum Age - 18 years Maximum Age - 50 years

Mukhyamantri Amrutam Yojana

Maturity age

Maximum Maturity Age - 65 years

Your Gender

Policy tenure

Minimum term - 13 years Maximum term - 25 years

Maternity Benefit Rider

Premium payment term

Policy term minus 3 years

Dr YSR Aarogyasri Trust

Premium payment frequency

Annual, half-yearly, quarterly & monthly

Maternity Benefit Rider

Sum assured

Rs 1 lakh to No limit

How Does the LIC Jeevan Lakshya Plan Work?

Let's understand how the LIC Jeevan Lakshya Plan works with a simple premium illustration.

Why Buy Term Insurance Online?

Problem

Mr. Verma is looking for a life assurance savings plan that offers him maturity benefits along with participation in profits.

Solution

His financial advisor advised him to buy the LIC Jeevan Lakshya Plan. He visited PolicyX.com

Let's understand how the LIC Jeevan Lakshya Plan works for him with a premium illustration table.

Age of policyholder Policy Term Premium Payment Tenure Basic sum assured Annual Premiums  Maturity Benefits
30 years 25 years 22 years Rs 1 lakh Rs 4,366 Rs 1,90,500

 

Features of LIC Jeevan Lakshya Plan

Here are some features of LIC Jeevan Lakshya Plan:

Maternity Benefit Rider

Available Online

You can purchase LIC Jeevan Lakshya Plan online either through official website of LIC or PolicyX.com

Tax

Loan Facility

You can avail of a loan against your LIC Jeevan Lakshya Plan for a certain period at the prevailing interest rate.

Maternity Benefit Rider

Free look period

This plan offers you a 30 day free look period to cancel the policy if you are not satisfied.

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Benefits of LIC Jeevan Lakshya Plan

There are various benefits to buying the LIC Jeevan Lakshya Plan. Let’s understand each of them in detail:

  • Death Benefit On death during the first five policy years: Benefit is payable in case of death of an insured person before the maturity time. Before the date of commencement of risk: Refund of premium(s) paid without interest will be payable.
  • Maturity Benefits:  In the case where the insured survives till the end of the policy period, provided all the due premiums have been paid, Sum Assured on Maturity along with Loyalty Addition, will be payable.
  • Participation in profits:  In case where the insured has completed five years and paid all premiums, then depending upon the Corporation's experience the policies under this plan will be liable for Loyalty Addition at the time of exit in the form of Death during the policy term or Maturity.
  • Additional rider benefits:You can avail of additional rider benefits with this plan.

Documents Required to Buy LIC Jeevan Lakshya Plan

Here is the list of documents required to buy the LIC Jeevan Lakshya Plan:

  • Regular Smoking
    Photo ID Proof
  • Your Occupation
    Age Proof
  • Pre-Existing Diseases
    Address Proof
  • Your Age
    Medical Records
  • Your Gender
    Income Proof
Photo ID Proof

Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.

How to Buy LIC Jeevan Lakshya Plan?

You can buy the LIC Jeevan Lakshya Plan official website or one of their nearest branch offices.

Life Insurance
  • Step 1

    Visit the official website of PolicyX.com.

  • Step 2

    Click on the ‘Investment’ tab.

  • Step 3

    A new page will appear on the screen.

  • Step 4

    Fill out the form at the top of the page with the necessary details.

  • Step 5

    Select your income and city. Click on 'Proceed'.

  • Step 6

    Update your education and occupation details.

  • Step 7

    Choose your preferred plan and click on 'Buy this plan'.

  • Step 8

    Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.

Life Insurance
  • Step 1

    Visit the official website of Life Insurance Corporation of India.

  • Step 2

    Hover over the 'Wealth Creation'.

  • Step 3

    Click on the 'LIC Jeevan Lakshya Plan'.

  • Step 4

    Click on ‘Buy Online’ and you will be redirected to a new page.

  • Step 5

    Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.

  • Step 6

    Once discussed you can make the premium payment and get the policy documents.

Buying from their branch office

You can buy the LIC Jeevan Lakshya Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.

Your Occupation

Exclusions of LIC Jeevan Lakshya Plan

  • In case the policyholder commits suicide within 12 months of policy purchase then no death benefits are offered to their family members. Either 80% of the premiums paid to date or the surrender value acquired to date whichever is higher is paid.

Plan At a Glance

What’s Good Here What’s Missing
Death Benefits Premium Offset
Maturity Benefits High sum assured rebate
High sum assured rebates Auto cover continuance
Profit Participation Top-up premium

In a nutshell

If you are looking for a life assurance savings plan that provides death benefits to your family in case of your uncertain demise along with maturity benefits you should buy the LIC Jeevan Lakshya Plan. If you are still confused about whether buying this plan is right for you or not then you can contact us at PolicyX.com. 

For more info related to this plan, you can visit PolicyX.com, or call us at 1800 - 420 - 0269. Our insurance experts listen to your unique needs and suggest the best possible solution for you.

FAQs: LIC Jeevan Lakshya Plan

1. What is Jeevan Lakshya Plan?

It is a collection of savings plus it covers the risk factor. It is a limited premium paying plan which is not at all linked and classified With- Profits Endowment Assurance plan.

2. जीवन लक्ष्य योजना क्या है?

यह बचत का एक संग्रह है और यह जोखिम कारक को कवर करता है। यह एक सीमित प्रीमियम भुगतान योजना है जो मुनाफ़े के साथ एंडोमेंट एश्योरेंस योजना से बिल्कुल भी जुड़ी और वर्गीकृत नहीं है।

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Himanshu Kumar

Written By: Himanshu Kumar

Himanshu is a seasoned content writer specializing in keeping readers engaged with the insurance industry, term and life insurance developments, etc. With an experience of 2 years in insurance and HR tech, Himanshu simplifies the insurance information and it is completely visible in his content pieces. He believes in making the content understandable to any common man.

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