PolicyBros.in
Endowment PlansPlan 733NRI Eligible

LIC Jeevan Lakshya

Protect your family's income even if you're not around

What is LIC Jeevan Lakshya?

LIC Jeevan Lakshya (Plan 733) is a endowment plans plan from Life Insurance Corporation of India. In simple terms: protect your family's income even if you're not around.

Key Highlights

Family gets yearly income + lump sum if you pass away
Annual income continues until maturity date
Great for sole breadwinners
Premium paying term is 3 years less than policy term

Benefits Explained Simply

If Something Happens to You (Death Benefit)

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

When the Plan Matures (Maturity Benefit)

Sum Assured on Maturity (= BSA) + vested Simple Reversionary Bonuses + Final Additional Bonus

Eligibility & Details

Minimum Entry Age18 years (completed)
Maximum Entry Age50 years
Minimum Sum Assured₹2,00,000
Policy Term13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 years
Premium Paying Term10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22 years
Bonus Typesimple reversionary
Risk Levellow
NRI EligibleYes

Tax Benefits

  • Section 80C deduction on premiums
  • Maturity tax-free under 10(10D)

Premium Rates (Indicative)

Age13 years15 years20 years25 years
20 yrs₹20,217₹16,670₹11,711₹9,006
30 yrs₹20,286₹16,758₹11,858₹9,222
40 yrs₹20,678₹17,209₹12,495₹10,074
50 yrs₹22,030₹18,698--

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

Example: What You Could Get

If a 30-year-old buys this plan with ₹10 lakh sum assured, 15-year term:

Annual Premium

₹83,790

Total Paid (15 yrs)

₹12,56,850

Est. Bonuses

₹7,35,000

Est. Maturity

₹17,35,000

That's approximately 1.4x of what you paid in premiums.

Bonus Rate History

Simple Reversionary Bonus (₹ per ₹1,000 of Sum Assured per year)

2025

₹49

2024

₹48

2023

₹46

2022

₹44

2021

₹44

2020

₹42

2019

₹42

2018

₹40

Strong bonus rates combined with unique family income protection feature.

Who is This Plan Best For?

family protectionincome replacementsavings

Frequently Asked Questions

What is LIC Jeevan Lakshya (Plan 733)?

LIC Jeevan Lakshya is a endowment plans plan from Life Insurance Corporation of India. Protect your family's income even if you're not around.

What is the eligibility age for LIC Jeevan Lakshya?

Entry age is between 18 and 50 years. Policy term: 13 to 25 years. Premium paying term: 10 to 22 years.

What is the minimum sum assured for LIC Jeevan Lakshya?

Minimum sum assured is ₹2,00,000. There is no upper limit on sum assured.

What are the tax benefits of LIC Jeevan Lakshya?

Section 80C deduction on premiums. Maturity tax-free under 10(10D).

Is LIC Jeevan Lakshya available for NRIs?

Yes. LIC Jeevan Lakshya is available to Non-Resident Indians. NRIs can buy this plan during a visit to India or through power of attorney.

What happens if I stop paying premiums on LIC Jeevan Lakshya?

If you stop paying premiums before 3 years, the policy lapses and you lose all benefits. After 3 years of premium payments, the policy acquires a paid-up value and you receive a reduced sum assured. You can also revive a lapsed policy within 5 years by paying outstanding premiums plus interest.

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.

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