LIC Scheme: LIC's 'Jeevan Lakshya' plan, there will be a rain of money for lifetime..

When it comes to family safety and financial preparation for the future, it is important to choose a plan that can prove to be reliable and beneficial in the long run. LIC Jeevan Lakshya Yojana is one such best insurance plan, which can give the benefit of life insurance as well as savings. This plan has been specially designed keeping in mind the children's education, marriage, or major future needs. Yes, this plan, which guarantees a safe future at a low premium, can become a strong financial support for the family.

Premium gift

By the way, let us tell you that in LIC Jeevan Lakshya policy, a fixed premium has to be paid every year, and on completion of the policy term, you can get a lump sum amount as maturity benefit. This fund also includes an annual bonus and a final additional bonus, due to which the total amount can become quite large.

It is believed that if the policyholder dies, the nominee gets the fixed amount along with the bonus, and if the policy runs for the full term, then on maturity, one can get a lump sum fund. According to the official brochure of LIC, this is a 'with-profit endowment plan' which includes both Death Benefit + Maturity Benefit.

For example, if you start LIC Jeevan Lakshya policy from today and pay a premium of ₹ 2 lakh every year, then in 25 years the total investment can be around ₹ 50 lakh. However, the thing to note is that you will not have to pay a premium for the entire 25 years. In this policy, the timing of paying the premium will usually be around 22 years, while the policy remains active for 25 years.

Two big bonus components
Let us tell you that the LIC Jeevan Lakshya policy includes two big bonus components - Annual Bonus and Final Additional Bonus. By combining these two, the entire fund is formed on maturity. Every year, LIC declares a bonus of about ₹50 to ₹60 on a sum assured of ₹1000.

Premium payment term and policy term: The policy can be of a duration of 13 to 25 years, but the premium payment timing is generally Policy Term − 3 years (Example: If the entire policy is of 25 years, then the premium will have to be paid for 22 years)

What does its calculation say

Now let's talk about that calculation, which every investor wants to know: how much money will be received on maturity? Yes, suppose you have taken LIC Jeevan Lakshya policy in which the annual premium is ₹2 lakh and the Sum Assured is ₹20 lakh.

Premium payment term: 20 years
Policy term: 25 years
Total investment: ₹2 lakh × 22 years = ₹40 lakh approx

Now let's calculate the bonus:
Annual bonus = ₹50 × (₹20 lakh ÷ 1000) × 25 = ₹25 lakh approx
Final bonus = ₹500 × (₹20 lakh ÷ 1000) = ₹10 lakh approx

Maturity amount = ₹20 lakh (Sum Assured) + ₹25 lakh (Bonus) + ₹10 lakh (Final Bonus) = ₹55 lakh approx

That is, on an investment of ₹40 lakh, you can get a return of up to ₹55 lakh.

This scheme is best for those who are serious about their family's future and want a disciplined, safe, and fixed fund. (Note: This information is given only to increase your understanding. Before investing, get complete information from an LIC agent or official advisor. Bonus rates can change every year, so the final return can be slightly up or down and these rates change year-wise, so make it clear in the article that "₹38‑₹46 per ₹1,000" are average rates.)

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