LIC LIC's Jeevan Lakshya (Plan No. 933): Full Guide, Eligibility & Premium

LIC's Jeevan Lakshya belongs to LIC's endowment plans family. In one line: keeps the family's plan on track

Eligibility at a glance — entry age 18 to 50 years; sum assured ₹1,00,000 and above; policy term 13 to 25 years. Anything outside those bands will simply not be issued, so check them before you plan the premium.

What the plan actually gives you: Annual income benefit of 10% of sum assured to the family after a claim All future premiums waived on death Full sum assured plus bonuses still paid at maturity Premium paying term is three years less than the policy term Those are the contractual features; bonus or market-linked components, where they apply, are declared by LIC each year and are not guaranteed in advance.

Who it suits: Parents protecting a child's education timeline against loss of income. If that does not describe your situation, there is usually a better-fitting plan in the same family, and it costs nothing to ask.

Before you sign, run LIC's Jeevan Lakshya through the premium calculator on this site with your own age, sum assured and term. Seeing the yearly outgo next to the projected maturity value is the fastest way to know whether the plan fits your cash flow — and the fastest way to spot a mis-sold recommendation.

Buying, servicing and claiming are three different jobs. We help with all three free of charge, including for policies you bought elsewhere, from our office at Fort, Mumbai and online across India.