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Table No. 733 (Earlier 933)10% Family Income BenefitUIN: 512N297V03

LIC Jeevan Lakshya (Plan 733 / 933) Calculator & Family Income Planner

Comprehensive child education and family security endowment. Inbuilt 10% annual income benefit on premature demise plus 110% of Sum Assured + Bonuses on maturity.

Policy Parameters

Live Reactive
Years
Eligible Age: 18 to 50 Years
₹10.00 Lakh
₹
Policy Term (PPT = Term - 3)
Accidental Death Rider (ADDB)Double cover in case of accident
Annual Premium (0% GST)0% GST Mode
₹51,474
Half-Yearly Mode:₹26,000/half-yr
Daily Approx: ₹141/day
Total Maturity at Term100% Tax-Free
₹23,53,500
110% Sum Assured:₹11,00,000
Bonus + FAB:₹12,53,500
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Inbuilt Family Financial Security Shield (On Demise)

If the breadwinner passes away anytime during the policy tenure:

Annual Regular Income to Family₹1,00,000 / YearPaid every year till 1 yr before maturity
Maturity Paid to Nominee₹23,53,500 Full MaturityAll future premiums waived automatically

Year-by-Year Cashflow & Risk Cover Matrix

Complete Term Schedule
YrAgePremiumNormal CoverAccidentalSurrenderMax LoanMaturity
❓ FAQ & Knowledge Base

LIC Jeevan Lakshya (733 / 933) Frequently Asked Questions

Answers to common questions regarding LIC policy premium computations, GST slabs, maturity formulas, and advisor tools.

1What is the special Demise Benefit in LIC Jeevan Lakshya (Plan 733 / 933)?

If the policyholder passes away during the policy term, future premiums are completely waived, the family receives 10% of Basic Sum Assured every year until one year before maturity, and on the maturity date, 110% of Sum Assured + Vested Bonuses + FAB are paid in full.

2What is the Premium Paying Term (PPT) for Jeevan Lakshya?

The PPT is always 3 years less than the Policy Term (PPT = Term - 3). For example, for a 21-year policy term, you only pay premium for 18 years.

3What is the maturity payout formula for Jeevan Lakshya?

On maturity, the policyholder receives 110% of the Basic Sum Assured + Accrued Simple Reversionary Bonuses + Final Additional Bonus (FAB), completely tax-free under Section 10(10D).

4What are the minimum and maximum entry ages?

The minimum entry age is 18 years, and the maximum entry age is 50 years. The maximum maturity age is 65 years.

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Official Notice & Disclaimer

LIC Plan Calc (licplancalc.com) is an independent informational and calculation utility created to assist insurance advisors, agents, and policyholders. It is NOT affiliated with, authorized, or endorsed by Life Insurance Corporation of India (LIC).

Premium and maturity estimates are calculated based on current declared Simple Reversionary Bonuses and standard tabular rates. Actual returns and eligibility are subject to LIC's official underwriting criteria and policy conditions.