LIC’s Jeevan Lakshya in a more heart-to-heart way—like how you’d explain it to a friend over chai:

🌱 What is Jeevan Lakshya really about?

Think of it as a financial safety net woven with love—especially for parents who want to secure their child’s future, no matter what life throws their way.

💖 Why families love it:

• If something happens to you, the plan steps in like a guardian angel. It pays your family a yearly income to help with school fees, daily needs, or dreams you had for your child.
• At the end of the policy, your family still gets a lump sum—even if you’re not around. That’s powerful peace of mind.

💡 What makes it stand out:

• Premiums stop, but benefits continue: If the policyholder passes away, no more premiums are needed—but the plan keeps working.
• Bonuses add up: Over time, LIC adds bonuses to your plan, like a reward for staying committed.
• Flexible payment options: Monthly, quarterly, yearly—you choose what fits your budget.
• Tax benefits: You save on taxes while building a legacy.

🎯 Why it’s called “Lakshya” (meaning “Goal”):

The LIC Jeevan “Lakshya” plan is named “Lakshya,” meaning “Goal” in English, because it is designed to help individuals and families achieve long-term financial goals, especially those related to:

1. Child’s Future Education or Marriage: The plan ensures that even if the policyholder is not around, the family continues to receive financial support annually, and a lump sum amount at maturity — helping fulfill important life goals like a child’s education.

2. Financial Security: It acts as a safety net, ensuring that the goal of financial stability is met, even in the absence of the policyholder.

3. Savings with Purpose: It promotes disciplined saving with a clear objective — to secure a financially stable future for loved ones.

In short, the plan aligns with the “goal-oriented” approach to financial planning, which is why LIC aptly named it Jeevan Lakshya — a life plan with a purpose.

The key features of LIC’s Jeevan Lakshya Plan (Plan No. 733) include:

1. Combination of Protection and Savings: It is a non-linked, participating, individual life assurance plan that provides both financial support for the family in case of the policyholder’s unfortunate death and a lump sum amount at maturity for surviving policyholders.

2. Annual Income Benefit: In case of the policyholder’s death during the policy term, 10% of the Basic Sum Assured is paid every year until one year before maturity.

3. Maturity Benefit: If the policyholder survives the policy term, the Maturity Benefit includes the Sum Assured on Maturity + vested bonuses + Final Additional Bonus (if any).

4. Premium Waiver Benefit: Upon death of the life assured, future premiums are waived, but policy benefits continue.

5. Bonus Participation: Being a participating policy, it is eligible for bonuses declared by LIC.

6. Policy Term and Premium Payment Term: The policy term ranges from 13 to 25 years, with the premium payment term being 3 years less than the policy term.

7. Loan Facility: Policyholders can avail of a loan against the policy after it acquires a surrender

8. value.

9. Rider Options: Additional riders such as Accidental Death and Disability Benefit Rider and New Term Assurance Rider can be added for enhanced protection.

Here’s a friendly comparison between LIC Jeevan Lakshya and LIC Jeevan Tarun—both are child-focused plans, but they serve slightly different purposes depending on your goals:

Feature	LIC Jeevan Lakshya	LIC Jeevan Tarun
Type	Participating Endowment Plan	Participating Limited Premium Money-Back Plan
Ideal For	Parents securing child’s future (education, marriage)	Parents planning for periodic payouts during child’s growing years
Entry Age (Life Assured)	18 to 50 years	90 days to 12 years
Maturity Age	Up to 65 years	25 years (fixed maturity age of child)
Policy Term	13 to 25 years	25 minus child’s age at entry
Premium Payment Term	Policy Term – 3 years	Limited (same as policy term)
Death Benefit	Annual income + lump sum at maturity	Sum assured + bonuses
Survival Benefit	Not applicable	5 annual payouts from age 20 to 24 (optional %)
Maturity Benefit	Sum assured + bonuses	Remaining % of sum assured + bonuses at 25
Bonus Participation	Yes (Simple Reversionary + Final Bonus)	Yes (Simple Reversionary + Final Bonus)
Loan Facility	Yes (after 2 years)	Yes (after 2 years)
Tax Benefits	Under Section 80C & 10(10D)	Under Section 80C & 10(10D)

🧡 In simple terms:

• Jeevan Lakshya is like a safety net—if something happens to the parent, the plan keeps going and ensures the child gets annual income and a lump sum.
• Jeevan Tarun is more like a gift plan—it gives your child money during their college years and a final payout at age 25.

If you’re looking to protect your child’s future no matter what, Lakshya is a strong emotional and financial shield. If you want to support your child’s milestones with timely payouts, Tarun is a great fit.

We “Investor marg” love to help you bring it to life.

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