Jeevan Labh Plan 836
LIC Jeevan Labh Plan is a Limited Premium Payment Endowment Plan which is most suitable for creating a huge corpus. Limited premium paying term reduces the burden of policyholder for paying the premium for a longer term and long term of the policy provides better returns to the policyholder as compare to other plans.
LIC Jeevan Labh Plan – USP’s
Let’s check some unique selling points of Jeevan Labh Plan.
- Cover wide age group of 8 years to 59 years.
- Medium and long term options are available for maturity in 16th year, 21st year & 25th year.
- Short and medium premium paying term options are available as 10 year, 15 year & 16 years.
- Free risk cover of 6 years or 9 years are available as per the term decided by the client.
- High bonus rates ensures financial independency in future.
- Jeevan Labh Plan is available with helpful add-on riders like accidental rider and term rider for extra benefits to the policyholder.
- Double tax benefit of section 80C and 10(10D).
- Policyholders can avail loan facility on this plan after completing 3 years.
Maturity Benefit Of LIC Jeevan Labh Plan:
- On completion of policy term, Sum Assured + Bonus + Final Addition Bonus will be paid as maturity.
Death Benefit Of LIC Jeevan Labh Plan:
- In case of death during policy term of the plan, Sum Assured Along With Bonus and Final Addition Bonus Will Be Paid to the Nominee.
Eligibility Criteria:
| Minimum Age to Apply |
8 Years (Completed) |
| Maximum Age to Apply |
59 Years for 16 Year Term |
| 54 Years for 21 Year Term |
| 50 Years for 25 Year Term |
| Policy Term (Premium Payment Term) |
16(10), 21(15), 25(16) |
| Maximum Maturity Age |
75 Years |
| Premium Paying Mode |
Yearly, Half Yearly, Quarterly, Monthly(SSS & NACH) |
| Basic Sum Assured |
₹2,00,000 and above (in multiple of ₹10,000) |
| Loan |
After 3 Years |
