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Jan 2, 2020 · 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.
Offering a higher bonus rate of Rs.50/1000 sum assured, LIC Jeevan Labh is one of best plan of LIC offering higher returns. Perfect plan for savings with safe returns. Provide security to your invested money with trust of LIC by millions of Indians and safe returns.
Dec 22, 2015 · 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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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).
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LIC’s Jeevan Labh is a limited premium paying, non-linked, with-profits endowment plan which offers a combination of protection and savings. This plan provides financial support for the family in case of unfortunate death of the policyholder any time before maturity and a lump sum amount at the time of maturity for the surviving policyholder.
Feb 7, 2020 · LIC’s Jeevan Labh – Plan 936 (revised with effect from 01/02/2020) – All details with premium and maturity benefit calculators. The initial version of the Jeevan Labh plan having plan number 836 was revised with effect from 1st February and was renamed as Jeevan Labh 936.
