LIC's Jeevan Lakshya
An endowment plan currently listed by LIC for protection and savings needs.
- Plan type: Endowment
- Plan number: 733
A child-oriented money-back product currently listed by LIC.
At a glance
Plan type
Money Back
Plan number
734
child education, child marriage
| minimum Entry Age | [30] days (completed) |
|---|---|
| maximum Entry Age | [12] years (last birthday) |
| minimum Maturity Age | [25] years (last birthday) |
| maximum Maturity Age | [25] years (last birthday) |
| policy Term | [25 – Age at entry] years |
| premium Paying Term | [20 – Age at entry] years |
| minimum Sum Assured | ` 2,00,000. |
| Premium modes | Yearly, Half-Yearly, Quarterly, Monthly |
| Loan available | Yes |
| Surrender available | No |
Death Benefit payable on death of the life assured during the policy term after the date of commencement of risk but before the date of maturity, shall be “Sum Assured on Death” along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any. Where “Sum Assured on Death” is defined as Higher of 7 times of annualized premium or 125% of Basic Sum Assured. This Death Benefit shall not be less than 105% of the total premiums paid upto date of death. Where, i. "Annualized Premium” shall be the premium payable in a year, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums ii. “Total Premiums Paid” means total of all the premiums paid under the base product, excluding any extra premium, and taxes, if collected explicitly. In case LIC’s Premium Waiver Benefit Rider is opted for, in the
at the age of 25 years. The plan can be purchased by any of the parent or grandparent for a child aged 0 to 12 years. The proposer can choose the proportion of
payments from ages 20 to 24 years and
Product source on the Official LIC Website (opens in a new tab)
Please refer to the official LIC brochure and policy document for complete terms, conditions, exclusions and current availability.
Last verified: 2026-08-01
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