If the policy holder dies during the course of the policy. So for the rest of the term, your family or whom you have made a nominee will continue to get a regular income every year from the company.
One of the popular policies of the country’s largest government insurance company LIC is the Jeevan Lakshya policy of LIC. There are many benefits of this policy of a government insurance company. This policy is special for those people who want to make a big corpus by depositing a small amount. So let’s know its benefits and how will get 27 lakh rupees
Suppose you are 30 years old and you have bought this policy for 25 years for a sum assured of 10 lakhs. So you have to pay premium only till 22 years. That is, you will get the full benefit even after paying less premium for 3 years.
On maturity of your policy, you will get the full amount by adding Sum Assured, Vested Reversionary Bonus and Final Additional Bonus. Adding all the three, your total amount will be Rs 27 lakh in which Sum Assured 10 Lakh, Reversionary Bonus 12.50 Lakh and Additional Bonus Rs 4.50 Lakh.
If the policy holder dies during the course of the policy. So for the rest of the term, your family or whom you have made a nominee will continue to get a regular income every year from the company.
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