Click to buy LIC policy 9886568000
The LIC Jeevan Labh policy is a limited premium-paying, non-market-linked profit plan. Jeevan Labh’s plan during death or maturity offers protection & benefit in the form of sum assured plus simple revisionary bonuses and a final bonus, if any, payable to the nominee or policyholder. This plan gives the policyholder a kind of flexibility to pay the premium during his best earning years and get the best benefits at maturity.
Premium Payment Mode: Yearly, Half-yearly, Quarterly, Monthly (ECS)
Jeevan Labh policy term and premium paying term:
LIC Jeevan Labh policy offers a very flexible premium payment option.
There are three options that make this plan affordable to all ages.
1) 16-year term but pay for 10 years only
2) 21-year term but pay for 15 years only
3) 25-year term, but pay for 16 years only.
The minimum age of entry is 8 years completed, and the maximum age is 59 years.
Maximum Maturity Age: 75 Year
The minimum sum assured under Jeevan Labh is Rs.2,00,000/- and there is no upper limit for sum assured as well as premium payment.
Maximum Accidental Death and Disability Benefit Rider up to age 70.
LIC Jeevan Labh Policy Benefits :
On Death: Basic Sum-Assured, OR 10 times of Annualized Premium, OR
105% of all premiums paid as on death, WHICHEVER IS HIGHER.
On Survival: Basic Sum-Assured + Reversionary Bonus + Final Additional Bonus.
Surrendered Value: The policy can be surrendered at any time during the policy term, provided at least three full years’ premiums have been paid.
Loan: Loan Facility is available under this plan, after payment of premiums, for at least 2 full years.
Income Tax Benefit:
• Premium paid under this plan is eligible for TAX rebate under Section 80c.
• Maturity under this plan is free under Sec. 10(10D).