LIC Jeevan Lakshya 933

By | June 4, 2021

LIC Jeevan Lakshya Plan 933, Benefits, Features, Parameter Review full details with Example.


LIC Jeevan Lakshya 933
LIC Jeevan Lakshya 933

LIC of India new plan launched on 1st. february 2020 which name is LIC Jeevan Lakshya Plan 933 (LIC Table no. 933) is a combination of risk cover and saving plan which is most suitable for the purpose of providing financial problems of children and family. This policy provides life cover during the policy term and Sum Assured + Bonuses on survival as maturity.

In case of death of policyholder during the policy term, LIC Jeevan Lakshya Plan 933 policy provides 10% of sum assured every year till maturity and again provides Sum Assured + Bonuses as maturity to the family.

BUY ONLINE LIC's PLAN

Key Features


  • Annual Income in case of death of the policy holders
  • Annual Income can be used as child education and family protection in case of death
  • Premiums need to be paid for less number of years than Maturity year
  • Ideal Plan for planning Child’s Education and Marriage
  • Options to avail accidental and disability benefit rider, critical illness, and term rider.
  • Settlement option available for maturity and death benefits in instalments 5, 10, and 15 years. 
  • Paid premiums are exempted from income tax U/Sec 80C
  • Maturity amount is tax free U/Sec 10(10D)

Read ThisLIC’s Best Education and Marriage plan

LIC Jeevan Lakshya 933 Plan Parameters/Eligibility


Age of Entry18 to 50 years
Premium Paying ModeYearly, Half Yearly, Quarterly, Monthly (ECS Only)
Policy Term13 to 25 years
Premium Paying Term(Policy Term – 3) years
Sum Assured100000 and above (in multiples of 10000)
Premium Mode Rebate2% on yearly, 1% on Half Yearly, Nil on Quarterly & Monthly
High Sum assured Rebate0% of SA on 0 to 2,00,000
2% of SA on 2,00,000 to 4,90,000
3% of SA on 5,00,000 and above
LoanAfter 2 Years
SurrenderAfter 2 Years
RevivalWithin 5 Years from FUP
LIC Jeevan Lakshya 933 Plan Parameters

Rebates in LIC Jeevan Lakshya Policy 933

Rebate means discount on premium. Two rebates in this policy one is Mode Rebate and another is Sum Assured Rebate.

Mode Rebate: Rebate given based on premium payment mode chosen.

Premium Payment ModePercentage(%)
Yearly Mode2%
Half yearly Mode1%
Quarterly and MonthlyNil

High Sum Assured Rebate: High Sum assured Rebate Based on Sum assured means Policy Value.

Basic Sum Assured (BSA)Rebate per Rs. 1000 /- S.A.
Rs. 1,00,000 to Rs. 1,90,000NIL
Rs. 2,00,000 to Rs. 4,90,0002 % of (B.S.A)
Rs. 5,00,000 to and above3 % of (B.S.A)

Read ThisLIC’s Best Share market plan

Benefits in LIC Jeevan Lakshya Plan 933


Maturity Benefits

LIC Jeevan Lakshya 933 Maturity Benefit = Sum Assured + Simple Reversionary Bonus + Final Addition Bonus will be payable as maturity amount.

Death Benefits

LIC Jeevan Lakshya 933 policy Death Benefit

If Death Occurs during the policy term 10% of the basic sum Assured will be paid to nominee every year from the year of death till the date of maturity.

At end of policy term again maturity will be paid to Nominee Sum Assured on death (110% of sum assured) + Vested simple Reversionary Bonuses+FAB (If Any).

  • Sum Assured on Death : On the death of the policyholder during the policy term, Sum Assured on death, Vested Simple Reversionary Bonuses, and Final Additional Bonus will be paid.
  • Death Benefit : The Death Benefit shall not be less than 105% of the total premium paid as on death
    (If Any).

Read also : LIC new Jeevan Anand plan 915 lifetime plan

LIC Jeevan Lakshya Plan 933 Surrender, Loan and Paid-up value.

LIC Jeevan Lakshya Plan 933 Surrender, Loan and Paid-up value details is given below.

Surrender period : Policy can be surrender after 2 years at least 2 full years payment of premiums.

Loan Facility : Loan facility is available under LIC Jeevan Lakshya plan 933, after at least 2 full years of premium paid.

Paid-up value : Once a LIC Jeevan Lakshya Plan 933 policy has completed minimum 2 full years and more premiums paid, and policyholder chooses to stop paying further premiums, it automatically becomes eligible for paid-up value.

Paid-up value formula

Paid-up value = Sum Assured * Total number of premiums paid/Total number of premiums to be paid

LIC Jeevan Lakshya Plan 933 with an Example


An example of Suresh who is purchasing this Plan with following details.

Sum Assured (Rs.)10,00,000
Age (Years)30
Policy Term(Years)21
Premium Paying Term18 (Policy Term – 3) years
Purchase Year2020
Yearly Premium1st. yrs (54289),
2nd yrs. (53120) onward
LIC Jeevan Lakshya Plan 933 with an Example

As per above example, policy holder needs to pay the premium of Rs. 54,289 1st. year and Rs. 53,120 2nd year onward every year for 18 years (Premium Paying Term) and after completion of 21 years (Policy Term). The benefits (maturity & Year-wise death claims) related to this plan is given below.

Maturity Details


If Policy holder survives 21 years, then Maturity (Sum Assured + Bonus +FAB) will be as under.

Maturity
Year
Age at MaturityTotal Premium PaidMaturity Amount
(Approx.)
2041519,57,32921,29,000

Death Claim Details

In case of unfortunate death of policyholder during policy term, this plan provides 10% of sum assured every year till maturity and again maturity amount is also payable to the nominee. To understand this benefit, let’s suppose death happens 10 year after taking this policy, age of the policy holder and year at time of death will age 39 and year 2030 respectively. 10% of sum assured will be payable from year of death till maturity and again maturity amount is also payable to the nominee. . Following table provides year-wise details.

Suppose if, unfortunate normal death of policyholder happens in year 2030 (at age 39), then by that time total premium paid will be Rs. 5,32,369 and nominee will get death benefits 10% of sum assured every year it means Rs. 1,00,000 every year till maturity and Rs. 21,29,000 maturity again. And additional benefits of Rs. 10,00,000 as accidental death claim in case of death due to accident paid to their nominee and policy will be stop.

LIC Jeevan Lakshya Plan 933 year wise death benefits table

AgePremium
Paid
Normal
risk cover
Acci.
Risk cover
Remarks
305428910000002000000
315312010480002048000
325312010960002096000
335312011440002144000
345312011920002192000
355312012400002240000
365312012880002288000
375312013360002336000
385312013840002384000
395312014320002432000Unfortunate
death happens

100000
405312014800002480000100000
415312015280002528000100000
425312015760002576000100000
435312016240002624000100000
445312016720002672000100000
455312017200002720000100000
465312017680002768000100000
475312018160002816000100000
485312018640002864000100000
495312019120002912000100000
505312019600002960000100000
515312020080003008000100000
Maturity
Amount
2129000

LIC Jeevan Lakshya Plan 933 additional information


Revival : Policy should be revived before 5 years from last unpaid premiums.

Loan Facility : Loan facility is available under LIC Jeevan Labh plan, after at least 2 full years payment of premiums.

Riders Facility : Accidental Death and Disability Benefit Rider, critical illness and Term Assurance Rider is available.

Suicide Clause : If Policy Holder Committed Suicide within 12 month from date of taking the policy 80% of paid premium will be returned back. If committed suicide after 1 year. Full Sum assured + Bonus will be paid by LIC to their nominee.

Cooling off Period : Policy holder can return back policy within 15 days from date of receiving the policy.

Date Backing Facility : Available.

Proposal Form : Form No. 300 only.

LIC Others New Plans

  • LIC जीवन लक्ष्य प्लान 933
    LIC जीवन लक्ष्य प्लान 933 मापदंड, लाभ, उदाहरण पूरी जानकारी हिंदी में Table of Contents LIC जीवन लक्ष्य प्लान 933 मापदंड, लाभ, उदाहरण पूरी जानकारी हिंदी मेंLIC जीवन लक्ष्य प्लान 933 की प्रमुख विशेषताऐंमापदंडराइडर्सएलआईसी की जीवन लक्ष्य योजना 933 कैसे काम करती है?LIC जीवन लक्ष्य प्लान 933 के लिए उदाहरणनिम्नलिखित तालिका परिपक्वता विवरण को दर्शाती… Read More »
  • LIC Jeevan Lakshya 933
    LIC Jeevan Lakshya Plan 933, Benefits, Features, Parameter Review full details with Example. Table of Contents LIC Jeevan Lakshya Plan 933, Benefits, Features, Parameter Review full details with Example.Key FeaturesLIC Jeevan Lakshya 933 Plan Parameters/EligibilityRebates in LIC Jeevan Lakshya Policy 933Benefits in LIC Jeevan Lakshya Plan 933Maturity BenefitsDeath BenefitsLIC Jeevan Lakshya 933 policy Death BenefitLIC… Read More »
  • LIC Jeevan Umang 945
    LIC Jeevan Umang 945, Benefits, Features, parameter and Review full details. Table of Contents LIC Jeevan Umang 945, Benefits, Features, parameter and Review full details.Key FeaturesLIC Jeevan Umang Plan 945 ParameterRebates in LIC Jeevan Umang Plan 945 LIC Jeevan Umang 945, Benefits, Features, parameter and Review. LIC of India new plan launched on 1st. February,… Read More »
  • LIC जीवन लाभ प्लान 936
    LIC जीवन लाभ 936 की विशेषताएं, फायदे, उदाहरण, हिंदी में Table of Contents LIC जीवन लाभ 936 की विशेषताएं, फायदे, उदाहरण, हिंदी मेंLIC जीवन लाभ 936 योजना क्या है? मुख्य विशेषताएं (Key Features)मापदंड (Parameter)जीवन लाभ प्लान 936 में रिबेट (LIC Jeevan Labh Plan 936 Rebates)LIC Jeevan Labh योजना 936 के लाभ LIC of India ने 1st… Read More »

अधिक जानकारी के लिए कृपया संपर्क करें:

बास्पा नंद पंचोली
संपर्क सूत्र-: 9891009400
Email-basupancholi@gmail.com
कार्यालय का पता:-
25, केजी, मार्ग, जीवन प्रकाश भवन
भारत का एलआईसी, शाखा इकाई 117 तीसरा तल,
सी.पी. नई दिल्ली -110001

I hope “LIC Jeevan Lakshya New Plan 933” के बारे में ये जानकारी अच्छी लगी होगी, अगर हाँ तो इसे अपने सभी Friends के साथ Social media पर Share जरुर करें ताकी आपकी मदद से दुसरे लोग भी इस योजना की जानकारी को पढ़ सकें, और वो इसका लाभ ले सके, कोई ऐसी जानकारी रह गयी हो और आप जानना चाहते हो तो आपके सुझाव व प्रस्ताव स्वीकार्य हैं और नीचे दिए गए comment box में टिप्पणी भी अवश्य दें! धन्यवाद…….

5 thoughts on “LIC Jeevan Lakshya 933

  1. RAMBHAGAT CHOUDHARY

    I WANT TO TAKE 1LAC X 5 POLICY .WHAT ARE BENIFIT IN THIS POLICY.

    Reply
  2. DEBABRATA ROY

    what more facility given by LIC if a policy holder chose TERM RIDER in policy Jeevan Lakshya 933

    Reply
  3. Prashant

    सर,
    मुझे Lic Jeevan Lakshya 933 ke बारे में जानना था, अगर कोई महिला 25 की उम्र में 25 साल के लिए पॉलिसी लेती है, 20 लाख़ सम एश्योर्ड के साथ, कुछ महीनों में नॉर्मल डेथ हो जाता है तो क्या कवर मिलेगा, और क्या term Rider लेना है अरुरी हैं, Term Rider me Normal deth के लिए Term insurance Rider ले सकते हैं कि नहीं ?

    Reply
    1. Basu

      आप LIC प्लान 933 में rider ले सकते हैं, Normal death होने पर नॉमिनी को 2000000 राइडर के उसके बाद हर साल 200000 पॉलिसी टर्म तक तथा अंत में maturity भी मिलेगी।

      Reply
  4. Mukesh

    Lic me maturity settlement ki jankari de kya iske bad bhi Naamne ko Paisa pura milta hai

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *