Jeevan Labh Plan (T-836)

Jeevan Labh Plan (T-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

 

LIC Jeevan Labh Plan Details

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