LIC Jeevan Lakshya
Protect your family's income even if you're not around
What is LIC Jeevan Lakshya?
LIC Jeevan Lakshya (Plan 733, UIN 512N297V03) is an endowment (savings plus protection) plan from Life Insurance Corporation of India. It is a participating (with-profits) plan: the policy earns Simple Reversionary Bonuses that LIC declares from its surplus each year, and may add a Final Additional Bonus when the policy ends.
Premiums are paid for a shorter period than the policy runs, so the cover continues after you have finished paying. If the policyholder dies during the term, the nominee receives: Sum Assured on Death (higher of 7x annualized premium or 110% BSA) + Annual Income Benefit of 10% BSA from death to maturity + vested bonuses + FAB. On surviving the full term, the policyholder gets: Sum Assured on Maturity (= BSA) + vested Simple Reversionary Bonuses + Final Additional Bonus.
It suits people looking for family protection, income replacement and savings. NRIs can buy this plan too.
Key Highlights
Benefits Explained Simply
Eligibility & Details
Tax Benefits
- Section 80C deduction on premiums
- Maturity tax-free under 10(10D)
Premium Rates (Indicative)
VERIFIED from official LIC Sales Brochure (effective 22/09/2025). PPT is (Policy Term - 3) years. Annual premiums in ₹ for BSA of ₹2 lakh, standard lives. On death: nominee gets lump sum + 10% of SA every year until maturity. Exclusive of taxes.
Source: LIC Official Sales Brochure | Data last verified: 21 March 2026
Bonus Rate History
Who is This Plan Best For?
Frequently Asked Questions
The information above is for educational purposes only. Actual premiums, benefits, and terms are as per LIC of India. For official and complete details, visit licindia.in.