LIC Jeevan Lakshya (733) — Premium, Benefits & Calculator
LIC Jeevan Lakshya (733) is built around family security: if the parent dies during the term, the family receives an annual income plus a lump sum at maturity, so a child’s goals stay funded. Check the premium below.
Calculate my premium →About LIC Jeevan Lakshya (733)
LIC Jeevan Lakshya is a participating, non-linked endowment plan designed for parents. Its stand-out feature is the income benefit on death: if the life assured dies during the term, the family receives an annual amount equal to 10% of the Basic Sum Assured every year until the year before maturity, and then a lump sum at maturity — all while future premiums are waived.
If the life assured survives the term, the plan pays the Basic Sum Assured with vested bonuses and Final Additional Bonus. The premium-paying term is three years shorter than the policy term.
Key details at a glance
| Plan type | Participating Endowment with Income Benefit |
| Entry age | 18 to 50 years |
| Policy term | 13 to 25 years |
| Minimum sum assured | ₹ 2,00,000 |
| GST on premium | Nil (exempt from 22 Sep 2025) |
Benefits
- Income on death: 10% of Basic Sum Assured paid every year to the family until the policy year before maturity.
- Lump sum at maturity in all cases: Basic Sum Assured (plus 110% component on a death claim) with vested bonuses and Final Additional Bonus.
- Premium waiver on death: no further premiums are required after a death claim, yet all benefits continue.
- Limited premium: premium-paying term is the policy term minus three years.
How much is the premium?
The premium depends on your age, the term or paying period you choose, and the sum assured. The figures here come from LIC’s own official rate tables, so they match LIC’s quotation to the rupee.
Frequently asked questions
What makes Jeevan Lakshya different?
The income benefit: on the parent’s death the family gets an annual income plus a maturity lump sum, keeping a child’s goals on track.
What are the term and paying period?
Policy term 13 to 25 years; you pay premiums for three years less than the term.
What is the minimum entry age?
18 years, up to 50 years at entry.
Does the premium include GST?
No — individual life-insurance premiums are GST-exempt from 22 September 2025.
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Disclaimer: BimaJaano is an independent tool and is not affiliated with the Life Insurance Corporation of India. Premium figures are based on LIC’s published tabular rates and are for guidance; benefit descriptions are summaries of the plan’s official terms. Confirm exact figures and features with LIC before buying.