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LIC's Jeevan Labh (Plan No. 936, UIN No. 512N304V02) Policy Document (Content is in English) ; Sales Brochure (Content is in English) ; Date of Launch : 01.02.2020
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.
- Benefits of Lic Jeevan Labh
- Example of Lic Jeevan Labh Policy
- Riders
- FAQs on Lic Jeevan Labh Policy
Major benefitsof LICJeevan Labh policy are as follows: 1. Maturity Benefit- On maturity of the policy, the policyholder will receive the Sum Assured on Maturity as a lump sum, which is equal to Basic Sum Assured plus vested Simple Reversionary Bonuses, and Final Additional Bonus, if any. 2. Death Benefit- Death benefits are paid out as the sum of '...
Suppose Mr. Gupta opted for LIC's Jeevan Labh Plan with a tenure of 25 years, premium paying term of 16 years, yearly premium payment mode and Sum Assured of Rs.2 lakh. He is 35 years old and paying an annual premium a little over Rs.9,100. At the end of 25 years on maturity, he will receive Rs.2.2 lakh which includes interest at 4% p.a. or Rs.3.7 ...
There are 5 riders that may be availed with this policy to increase coverage: 1. LIC's Accidental Death and Disability Rider:This rider can be purchased on payment of an additional premium over the base policy premium. The rider is available for ages 18 years to 70 years (maturity). It offers an additional sum assured in case of accidental death du...
Can I apply for the LIC Jeevan Labh policy online? Yes, you can apply for the LIC Jeevan Labh policy online.Is it possible to purchase LIC Jeevan Labh for my child? Yes, the LIC Jeevan Labh policy can be purchased for children over the age of eight years. In this case, your child will be the life assured...What is the minimum age limit to apply for the LIC Jeevan Labh policy? The minimum age limit to apply for the LIC Jeevan Labh policy is eight years.How can I receive a discount on the LIC Jeevan Labh premiums? On paying your premiums half-yearly or yearly, you will be eligible to avail rebates.- Individual
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LIC Jeevan Labh (Plan No: 936) is a limited premium paying, non-linked (Not dependent on equity-based funds and money/share market) with-profits endowment plan that comes out with various benefits to serve its clients.
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LIC Jeevan Labh Plan 936 (previously known as LIC Jeevan Labh 836) is an endowment plan that combines the benefits of life protection and savings. The plan comes with maturity benefits if you survive the policy term.
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 ...
