🎯 LIC Jeevan Lakshya Calculator
Plan 833 — Annual Income Benefit Plan for Family Security
ℹ️ Min SA: ₹1 Lakh | Age:
18–50 yrs | Term: 13–25 yrs | 10% SA/yr paid to family on
death
LIC Jeevan Lakshya (Plan 833) — Complete Guide
LIC Jeevan Lakshya (Plan 833) is designed specifically for young parents who want to ensure their family's financial goals (like a child's education or marriage) are met even in their absence. On the policyholder's death, the family receives 10% of the Sum Assured annually until maturity, after which they get 110% SA + full bonus.
Death Benefit Breakdown
- Annual Income: 10% of Sum Assured paid every year from date of death to policy maturity
- On Maturity After Death: 110% of Sum Assured + Accrued Bonus + Final Additional Bonus
- Premiums Waived: No further premium needed from family after policyholder's death
Maturity Benefit (If Policyholder Survives)
- Sum Assured + Simple Reversionary Bonus + Final Additional Bonus
- Tax-free under Section 10(10D)
LIC Jeevan Lakshya is particularly suitable for the sole breadwinner of a family with dependent children, as it ensures the family achieves their financial goals even if the insured person is not around.