LIC Jeevan Lakshya Plan 733
Benefits, Eligibility, Premium, Maturity & Death Benefit – Complete Guide 2026
Table of Contents
What is LIC Jeevan Lakshya Plan 733?
LIC Jeevan Lakshya Plan 733 is a long-term savings and protection plan from LIC. The current product carries UIN 512N297V03 and is classified as a participating, non-linked, individual savings life insurance plan.
The interesting part of this plan is that it is designed with family protection in mind. If the Life Assured dies during the policy term while the policy is in-force, the plan provides an Annual Income Benefit along with a lump-sum benefit payable at maturity, subject to the policy terms.
If the Life Assured survives the policy term and the policy remains in-force, the maturity benefit is payable. The maturity benefit can include the Basic Sum Assured along with applicable vested bonuses and Final Additional Bonus, if declared.
LIC Jeevan Lakshya Plan 733 – Key Features
- Protection and savings are combined in one plan.
- Policy term can range from 13 years to 25 years.
- Premium Paying Term is Policy Term minus 3 years.
- Minimum Basic Sum Assured is ₹2,00,000.
- The plan participates in LIC's profits through Simple Reversionary Bonus, subject to applicable terms.
- Final Additional Bonus may be payable when applicable.
- Loan facility is available subject to the conditions of the policy.
- Eligible optional riders can be added by paying additional premium.
- Benefit payment can have instalment options under the applicable provisions.
LIC Jeevan Lakshya Plan 733 – Eligibility
| Particular | Details |
|---|---|
| Minimum Entry Age | 18 years |
| Maximum Entry Age | 50 years |
| Minimum Policy Term | 13 years |
| Maximum Policy Term | 25 years |
| Minimum Basic Sum Assured | ₹2,00,000 |
| Premium Paying Term | Policy Term minus 3 years |
| Maximum Basic Sum Assured | No fixed limit, subject to underwriting |
For example, if the selected policy term is 20 years, the premium paying term will generally be 17 years. The exact premium depends on factors such as age, Basic Sum Assured, policy term, premium mode and other applicable factors.
LIC Jeevan Lakshya Plan 733 Benefits
1. Death Benefit
If the Life Assured dies during the policy term while the policy is in-force, the Death Benefit is payable according to the policy conditions.
Under the current plan, the Sum Assured on Death is defined as the higher of 7 times the annualised premium or the specified combination involving 110% of Basic Sum Assured and Annual Income Benefit.
The Annual Income Benefit is equal to 10% of the Basic Sum Assured. It starts from the policy anniversary coinciding with or following the date of death and continues up to the policy anniversary before maturity, subject to the policy terms.
2. Maturity Benefit
If the Life Assured survives until maturity and the policy is in-force, the Sum Assured on Maturity is payable. Under this plan, the Sum Assured on Maturity is equal to the Basic Sum Assured.
Vested Simple Reversionary Bonuses and Final Additional Bonus, if any, may also be payable according to the applicable policy conditions.
Bonus in LIC Jeevan Lakshya Plan 733
Jeevan Lakshya is a participating plan. This means an in-force policy can participate in LIC's declared profits through Simple Reversionary Bonuses, according to the applicable terms.
Once a Simple Reversionary Bonus is declared and vested, it forms part of the policy benefits under the applicable conditions. A Final Additional Bonus may also be declared when applicable.
However, bonus amounts should not be treated as a fixed return promise. Future bonus declarations can depend on the Corporation's experience and applicable valuation results.
Loan and Rider Options
Another practical feature of Jeevan Lakshya is the availability of a loan facility, subject to the conditions applicable to the policy.
The plan also provides options for certain riders by paying an additional premium. Depending on eligibility, available riders can provide additional protection against specified risks.
The current brochure lists optional rider choices including Accidental Death and Disability Benefit Rider, Accident Benefit Rider and New Term Assurance Rider, subject to their respective conditions.
Who Can Consider LIC Jeevan Lakshya Plan 733?
Jeevan Lakshya may be worth considering for someone who wants a combination of life protection and long-term savings rather than a pure investment product.
It can particularly appeal to parents or individuals who want to create a disciplined long-term financial arrangement for family needs. The Annual Income Benefit feature in the event of death during the policy term is one of the plan's distinctive features.
At the same time, every insurance plan has its own suitability. Before buying, compare the premium, policy term, protection requirement, liquidity needs and expected benefits with your financial goals.
LIC Jeevan Lakshya Plan 733 – FAQs
LIC Plan 733 is LIC's Jeevan Lakshya, a participating, non-linked individual savings life insurance plan.
The minimum Basic Sum Assured is ₹2,00,000, subject to the applicable product conditions.
The maximum policy term is 25 years, while the minimum policy term is 13 years.
The Annual Income Benefit under the current plan is equal to 10% of the Basic Sum Assured, payable according to the policy conditions when the Life Assured dies during the policy term.
Simple Reversionary Bonus is declared based on LIC's experience and applicable conditions. Final Additional Bonus may also be declared where applicable. Therefore, future bonus amounts should not be assumed as fixed.
Yes, the plan provides a loan facility subject to the applicable policy conditions.
Final Thoughts on LIC Jeevan Lakshya Plan 733
LIC Jeevan Lakshya Plan 733 is designed around a simple idea: protect the family today while building a long-term savings benefit for tomorrow. Its combination of life cover, maturity benefit, bonus participation and Annual Income Benefit makes it different from a basic savings product.
But the right policy is not simply the one with the highest maturity figure. The premium should comfortably fit your budget, the policy term should match your goal and the insurance cover should make sense for your family's needs.
Before taking a final decision, check the latest LIC benefit illustration and policy document. This will give you a clearer picture of the premium, guaranteed benefits and non-guaranteed benefits applicable to your proposal.
LIC Jeevan Lakshya Plan 733
Benefits, Eligibility, Premium, Maturity और Death Benefit – पूरी जानकारी 2026
LIC Jeevan Lakshya Plan 733 क्या है?
LIC Jeevan Lakshya Plan 733 उन लोगों के लिए बनाया गया है जो अपने परिवार की financial security के साथ long-term savings भी बनाना चाहते हैं।
इस plan की खास बात इसका family-oriented benefit structure है। अगर policy term के दौरान Life Assured की मृत्यु हो जाती है और policy in-force है, तो applicable conditions के अनुसार Annual Income Benefit और maturity पर lump-sum benefit मिल सकता है।
अगर Life Assured policy term पूरा होने तक जीवित रहता है और policy in-force रहती है, तो maturity benefit payable होता है। इसके साथ applicable vested bonuses और Final Additional Bonus भी मिल सकता है।
LIC Plan 733 के मुख्य Features
- Life protection और savings दोनों का combination।
- Policy term 13 से 25 years तक हो सकता है।
- Premium Paying Term = Policy Term minus 3 years।
- Minimum Basic Sum Assured ₹2 लाख है।
- Participating plan होने के कारण applicable bonus का लाभ मिल सकता है।
- Loan facility applicable conditions के अनुसार उपलब्ध है।
- Additional protection के लिए eligible riders लिए जा सकते हैं।
- कुछ benefits को applicable rules के अनुसार instalments में लेने का option मिलता है।
LIC Jeevan Lakshya 733 Eligibility
| Particular | Details |
|---|---|
| Minimum Entry Age | 18 वर्ष |
| Maximum Entry Age | 50 वर्ष |
| Minimum Policy Term | 13 वर्ष |
| Maximum Policy Term | 25 वर्ष |
| Minimum Basic Sum Assured | ₹2,00,000 |
| Premium Paying Term | Policy Term - 3 years |
उदाहरण के लिए, अगर policy term 20 years है, तो premium paying term सामान्यतः 17 years होगा। Actual premium आपकी age, Sum Assured, policy term, payment mode और अन्य factors के अनुसार तय होगा।
LIC Jeevan Lakshya 733 Death Benefit
अगर policy term के दौरान Life Assured की मृत्यु हो जाती है और policy in-force है, तो policy conditions के अनुसार Death Benefit payable होता है।
Current plan में Sum Assured on Death की calculation applicable formula के अनुसार होती है। इसमें Annual Income Benefit भी शामिल है।
Annual Income Benefit Basic Sum Assured का 10% है। यह policy anniversary से शुरू होता है जो death की date के साथ coincide करती है या उसके बाद आती है और maturity से पहले वाली policy anniversary तक payable होता है, subject to policy conditions.
LIC Jeevan Lakshya 733 Maturity Benefit
अगर Life Assured policy term पूरा होने तक survive करता है और policy in-force है, तो Sum Assured on Maturity payable होता है।
इस plan में Sum Assured on Maturity Basic Sum Assured के बराबर होता है। इसके अलावा vested Simple Reversionary Bonuses और Final Additional Bonus, अगर applicable और declared हों, तो maturity पर मिल सकते हैं।
LIC Plan 733 Premium कितना है?
कई लोग पूछते हैं कि LIC Jeevan Lakshya Plan 733 का premium कितना है? इसका एक fixed answer नहीं है।
Premium आपकी age, Basic Sum Assured, policy term, premium payment mode और अन्य applicable factors पर depend करता है।
इसलिए internet पर दिखाई जाने वाली किसी एक premium figure को final premium नहीं मानना चाहिए। Actual premium के लिए LIC की official benefit illustration या authorised source से quotation देखना बेहतर है।
LIC Jeevan Lakshya 733 में Bonus
Jeevan Lakshya एक participating plan है। इसका मतलब है कि in-force policy applicable conditions के अनुसार LIC द्वारा घोषित Simple Reversionary Bonus में participate कर सकती है।
Declared bonus policy benefits का हिस्सा बन सकता है। Final Additional Bonus भी applicable होने पर declare किया जा सकता है।
लेकिन future bonus को fixed या guaranteed return समझना सही नहीं होगा। Bonus declaration Corporation के experience और applicable valuation पर depend करती है।
Loan और Rider सुविधा
Jeevan Lakshya में applicable policy conditions के अनुसार loan facility उपलब्ध है। इससे policyholder को policy के दौरान eligible liquidity requirement में मदद मिल सकती है।
इसके अलावा additional premium देकर eligible riders भी लिए जा सकते हैं। Current product information में Accident और Term related rider options उपलब्ध हैं, subject to their respective conditions and eligibility.
LIC Jeevan Lakshya 733 किसके लिए useful हो सकता है?
अगर कोई व्यक्ति long-term savings के साथ family protection चाहता है, तो Jeevan Lakshya 733 उसके लिए consider करने योग्य option हो सकता है।
Parents के लिए इसका Annual Income Benefit feature खास तौर पर interesting हो सकता है, क्योंकि policy term के दौरान unfortunate death होने पर applicable conditions के अनुसार family को income benefit मिल सकता है।
फिर भी किसी भी insurance plan को लेने से पहले अपनी income, budget, insurance requirement, policy term और long-term financial goal को ध्यान में रखना जरूरी है।
LIC Jeevan Lakshya Plan 733 – Hindi FAQs
LIC Plan 733 का नाम Jeevan Lakshya है। यह participating, non-linked individual savings life insurance plan है।
Current product conditions के अनुसार minimum Basic Sum Assured ₹2,00,000 है।
Minimum policy term 13 years और maximum policy term 25 years है।
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