Lic Jeevan Labh Policy: Life Insurance Corporation of India is the largest insurance company in the country! People have faith in this company, money does not sink in the plans of LIC! It gives a huge return too! Lakhs of Indians have secured their future by investing in various schemes of this insurance company. Similarly, Jeevan Labh plan is also a good investment option. This is a non linked scheme. Financial assistance for the family is also given under LIC Jeevan Labh policy in case of unfortunate death of a person before maturity
LIC Jeevan Labh Policy
Maybe you or someone in your family or relatives has invested in any scheme. Life Insurance Corporation of India also has many plans. To help you decide which one is right for you, we’ll walk you through another plan! In which you can become a millionaire by investing! LIC Jeevan Labh Policy is a non-linked plan. There are many benefits of this plan of LIC (Jeevan Labh Plan)! In this plan you can get good returns in less investment.
After purchasing this plan, you can also avail loan facility. By buying Jeevan Labh Policy, you will get both savings and protection! At the same time, the minimum amount of the plan (LIC Jeevan Labh Plan) cover is Rs 2 lakh. The maximum amount has not been set! You can avail the loan facility under this policy even after paying the premium for about three years. In case of unfortunate death of the policyholder, the nominee also gets Sum Assured and Bonus benefits. On maturity, a lump sum amount is paid to the policyholder
Features of Jeevan Labh Policy
Sum Assured :- Rs 2,00,000
Duration :- 16, 21, 25 (Years)
Premium Paying Term :- 10, 15, 16 (Years)
Age : 20, 30, 40 (years)
| प्रीमियम | आयु 20 साल | 30 साल | 40 साल |
| वार्षिकी | 17,450 रूपए | 17,512 रूपए | 17,779 रूपए |
| वार्षिकी | 11,163 रूपए | 11,255 रूपए | 11,634 रूपए |
| वार्षिकी | 9,411 रूपए | 9545 रूपए | 10,015 रूपए |
Invest Rs.8 per day Earn Rs.19 Lakhs
LIC’s Jeevan Labh Plan is such that it is not dependent on the stock market and hence such plans are considered safe. Now when it comes to investing in this policy, you can earn up to Rs 17 lakh on maturity by investing Rs 233 per month! Which means that you have to invest less than 8 rupees per day! In case of unfortunate death of the policyholder during the term of the policy, the nominee gets the benefit. In LIC, the nominee gets the benefit of sum assured along with bonus. Other benefits of the scheme (Jeevan Labh Scheme a) include tax relief.
Eligibility Criteria for LIC Jeevan Labh Policy
The special thing about this scheme (Jeevan Labh Plan) is that the minimum age to invest in it is only eight years, that is, a policy can be taken even for a minor. At the same time, the maximum age for investment is 59 years! The term of LIC Jeevan Labh Policy can be taken for a period of 16 to 25 years. According to Life Insurance Corporation of India, if a person chooses a policy term of 21 years. So while taking Jeevan Labh plan, his age should be less than 54 years. Wherein, the age limit is 50 years for the policy term of 25 years
Amount received on the death of the policyholder
If the policyholder dies during the term of the Jeevan Labh policy. and he has paid all the premiums till death, then his nominee will get the death benefit in the form of Death Sum Assured, Simple Reversionary Bonus and more final version. Bonus (if any) is paid i.e. the nominee will get the additional sum assured. Life Insurance Corporation of India has the facility of nominee in all its policies. In this plan (Jeevan Labh Plan) also the money invested will be received after the death of the policyholder
