LIC Jeevan Lakshya Plan 933 – Best for Family Protection

LIC Jeevan Lakshya (Plan 933) – Protecting Your Family Income

LIC Jeevan Lakshya (Plan 933) has a unique feature that no other endowment plan offers: if you die during the policy term, your family gets 10% of Sum Assured every year until maturity — ensuring regular income even after you're gone.

How the Death Benefit Works

If policyholder dies during term: Family receives 10% of SA every year until maturity date. PLUS: Full SA + bonus + FAB at maturity date. This means your family gets both regular income AND a lump sum — double protection!

Example Illustration

₹10L SA, 20-year term, policyholder dies in year 5: Family receives ₹1L/year for 15 years (₹15L total). At maturity: ₹10L SA + ₹9L bonus + ₹0.75L FAB = ₹19.75L. Total family receives: ₹34.75L! This is far superior to a regular endowment that only pays once.

Maturity Benefit (if you survive)

Full SA + accumulated bonus + FAB. Same as any endowment plan.

Premium Paying Term

PPT = Policy Term - 3 years. If policy term is 20 years, you pay for only 17 years! The last 3 years are premium-free while cover continues.

Who Should Buy Plan 933?

Primary earners with young families, breadwinners in single-income households, people wanting to ensure their family's income security. Plan 933 is the "income replacement" version of endowment insurance.