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All premiums paid towards your LIC Jeevan Labh policy is considered for Income Tax savingunder Sec 80c of Income tax act. You can invest upto Rs.1,50,000 under 80c and save tax upto Rs.46,800 every year.
LIC Jeevan Labh Policy is a traditional, non-linked, with-profits plan offering investment and insurance benefits. It is a limited premium payment plan – you don’t have to pay the premiums for the entire duration of the term of the policy.
LIC Jeevan Labh Policy - Explores the plan's eligibility requirements, maturity benefit, death benefit, How the Plan Works, & Documents Required for the policy.
The LIC Jeevan Labh plan provides tax benefits under Section 80C and Section 10 (10D) of the Income Tax Act, 1961. The premium paid towards the policy is eligible for a tax deduction of up to Rs. 1.5 lakh under Section 80C, while the maturity benefit and death benefit are tax-free under Section 10 (10D).
May 4, 2017 · LIC Jeevan Labh – Plan 836 – All details with premium and maturity calculators. LIC’s Jeevan Labh (T 836) is an endowment type of plan with limited premium payment period. It is one of the most popular insurance plans and is also considered as one of the best insurance policy from LIC of India. One of the reasons behind the popularity of ...
Feb 7, 2020 · LIC’s Jeevan Labh (836) is an Endowment type of plan, where the maturity amount is given as a single lump sum amount after completion of the term. Maturity amount of Jeevan Labh includes Sum Assured, Vested Bonus and Final Addition Bonus (if any).
