Jeevan Labh

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LICs Jeevan Labh 936 Plan

Life Insurance Corporation of India (LIC) Limited offers Jeevan Labh Policy under premium endowment plans (Table no. 936. The special thing is that in Jeevan Labh Policy, along with life cover, attractive returns are also available. This insurance plan comes with three policy terms, with term tenures of 16 years, 21 years and 25 years but they have to pay premium for 10 years, 15 years and 16 years respectively.

The Jeevan Labh plan provides financial support for the family in case of unfortunate death of the policyholder at any time before maturity and a lump sum amount at the time of maturity for the surviving policyholder.

The minimum basic sum assured amount under LIC Jeevan Labh policy is ₹ 2 lakh, while there is no limit for the maximum basic sum assured. However, the age of the insured should be at least eight years to take this plan. At the same time, the maximum age will be 50 (in the policy term of 25 years) / 54 (in the policy term of 21 years) / 59 (in the policy term of 16 years).

Eligibility Conditions for LIC Jeevan Ustav

CriteriaEligibility
Minimum age at entry8 Years (Nearest Birthday)
Maximum age at entry59 years for Premium Paying Term 16 years
54 years  for PPT 21 years
50 years for PPT 25 years
Premium Paying Term10, 15 and 16 years
Age at Maturity75 years
Policy Term16, 21 and 25 years
Minimum Basic Sum assured ₹2,00,000/-(The Basic Sum Assured should be in multiples of  ₹10,000/-)
Maximum Basic Sum assured

No limit

Contact Info

Features:

  • Pay Premium for a Limited Period.
  • 100% Tax free. Claim 80C Tax Rebate.
  • No Limit of maximum sum assured, You can invest as much you want.
  • This plan is available for a policy term of 16, 21, and 25 years as per nearest birthday.
  • Loan facility available after payment a regulatory premium for 3 years.
  • Maturity with Full Bonus and Tax Free under 10(10D).