About Jeevan Lakshya
LIC’s Jeevan Lakshya 733 is a thoughtfully designed endowment plan that tackles a family’s two biggest needs—long-term savings and unwavering protection for dependents, especially children. This plan isn’t just about leaving a lump sum—its unique annual income stream ensures your loved ones have steady support should the unexpected happen, plus a handsome maturity payout for life’s milestones.
Why Indian Families Choose Jeevan Lakshya
•    Ideal for child education, marriage, and lasting peace of mind.
•    Annual payout for family support if policyholder passes away during the term.
•    Bonuses boost maturity—making it a wealth-building tool, not just an insurance policy.

Key Features & Plan Structure
•    Policy Type: Participating Endowment with income and lump sum benefits.
•    Who Can Buy: Entry age 18–50 years; maximum maturity age 65.
•    Policy Term: Flexible—13 to 25 years for personalized savings goals.
•    Premium Payment: Pay for (Policy Term - 3) years, so 3 years less than full policy duration (makes it lighter on the pocket).
•    Sum Assured: Minimum Rs. 2,00,000; multiples of Rs. 10,000; no upper ceiling.
•    Bonuses: Eligible for simple reversionary and a final additional bonus declared by LIC.
•    Accidental and Disability Rider available.

How Jeevan Lakshya 733 Works
1.    Select your sum assured and policy term—for example, for a child’s education in 20 years.
2.    Pay premiums for (term-3) years—less long-term outflow, more value.
3.    If the policyholder passes away (during term):
•   Family receives 10% of the sum assured every year from death till maturity—an annual income that continues education, monthly expenses, and life plans.
•   At maturity, they get 110% of sum assured + all accrued bonuses—providing a lump sum when needed most.
4.    If the policyholder survives till maturity:
•   Receives sum assured + bonuses (simple reversionary + final additional bonus).
5.    Loan and surrender options: Policy loans after 1 premium paid; surrender possible after one year, and paid-up value is protected.

Benefits in Detail
•    Annual Family Income: 10% of the sum assured paid each year from death till maturity (if policyholder passes away during term).
•    Maturity Amount: 110% of sum assured + all bonuses, ensuring a sizeable payout for education, marriage, or major needs.
•    Death Benefit: Not less than 105% of total premiums paid.
•    Flexible Settlement: Option to receive maturity/death benefit as regular installments (5, 10, 15 years).
•    Tax-Free: Premium qualifies for 80C deduction; maturity and death claims exempt under section 10(10D).
•    Choice of Riders: Disability, accidental death, critical illness, and more—personalize your cover.

Key Requirements & Eligibility

Why Jeevan Lakshya Makes a Difference
•    Focus on Child’s Needs: Supports education and upbringing, not just a one-time payout.
•    Shorter Premium Payment: Only (Term – 3) years, freeing up savings sooner.
•    Exceptional security and bonus-driven maturity—turning protection into future wealth.
•    Perfect for parents, salaried professionals, and anyone planning for dependents' milestones.

Common Questions Answered
•    Can I buy online? Currently, Jeevan Lakshya can only be purchased offline through a certified advisor.
•    What are the bonus benefits? Bonuses substantially increase final payouts—these are added yearly and at maturity.
•    Is loan facility available? Yes, after paying one full year’s premium.
•    How does annual income help? Ensures family doesn’t just survive, but continues to thrive with financial stability for essentials and aspirations.

How NiveshKaro.com Empowers You
•    Matches you to a trusted, local IRDA-certified LIC advisor in your own city—ready to guide, explain, and help with documentation and claims.
•    Deep plan comparison—get clarity, side-by-side quotes, and real-life benefit calculations.
•    Zero commission promise—every rupee you pay goes to your family’s safety, not middlemen.

Take action for your children’s security—choose LIC Jeevan Lakshya 733 with NiveshKaro for seamless guidance, savvy plan selection, and true family protection, all within 24 hours of reaching out.