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Jan 2, 2020 · LIC's Jeevan Labh (Plan No. 936, UIN No. 512N304V02) | Official website of Life Insurance Corporation of India. History. Objectives Of LIC. Mission/Vision. Who’s who. Organization Chart. Operations. Know About Your Life Insurance. Help us to serve you better.
LIC Jeevan Labh is a life insurance and tax saving plan that offers higher bonus rates and short term premium payment. You can choose from 10, 15 or 16 years policy term and enjoy life cover until maturity without any premium payment.
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.
LIC Jeevan Labh 936 Premium - Best-selling endowment insurance plan offered by LIC. LIC's jeevan Labh ensures both death & maturity benefits for both policyholder & nominees.
Feb 7, 2020 · LIC’s Jeevan Labh (T 936) is an endowment type of plan with a shorter or limited premium payment period . One of the reasons behind the popularity of LIC’s Jeevan Labh (Plan 836) is the high maturity returns and low ‘ total premium payment ‘ compared to the Sum Assured.
- Benefits of Lic Jeevan Labh Policy
- How Does Lic Jeevan Labh Plan Works?
- Lic Jeevan Labh Riders
- Jeevan Labh Simple Premium Illustrations
- Jeevan Labh Surrender Value
- Additional Details of Lic Jeevan Labh Policy
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Rs. 5 lakhs to Rs. 9.95 lakhs: 1.50% of Basic Sum Assured per Rs. 10,000 of Basic Sum Assured will be provided.Rs. 15 lakhs and above: 1.75% of Basic Sum Assured per Rs. 10,000 of Basic Sum Assured will be provided.When you invest in LIC Jeevan Labh Plan, the customer has to decide on the following: 1. Sum Assured(amount of the cover that you want). 2. Policy Term(the time period during which you wish to have the cover). The premium paying period will be decided automatically on the basis of the policy tenure as follows: 1. On choosing a policy tenure of 16 y...
Entry age: Minimum: 18 years. Maximum: 65 years.Cover will terminate at the age of 70.Minimum accident benefit Sum Assured: Rs. 10,000.Maximum accident benefit Sum Assured is the Basic Sum Assured (subject to a ceiling of Rs. 100 lakhs).Here are the sample tabular premium rates (inclusive of taxes) payable by a healthy, non-tobacco user male for different combinations of age, Sum Assured and policy term. The current applicable tax rate is 4.5%. Sum Assured:Rs. 2 lakhs Policy Term:16, 21, 25 (in years) Premium Paying Term:10, 15, 16 (in years) Age:20, 30, 40 (in years)
LIC Jeevan Labh policy allows you to surrender the plan at any time subject to payment of at least 3 consecutive years' premium. The Guaranteed Surrender Value amount would be equal to the total amount of premiums paid (minus any additional charges incurred such as underwriting decisions or rider premiums) multiplied by the Guaranteed Surrender Val...
Free-look Period Well, there may be some situations when the policyholder will not be happy with the plan. In such a scenario, he has permission to cancel the policy within 15 days of the plan issuance. This period is called the free-look period. On cancellation, the premium paid net of any applicable expenses would be returned. Paid-up Value On co...
LIC Jeevan Labh is a limited premium paying, non-linked endowment plan that offers protection and savings benefits. It provides death benefit, maturity benefit, bonus, rebate, loan and tax benefits to the policyholders.
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LIC Jeevan Labh is a non-linked endowment policy that offers life insurance cover, maturity benefit, profit participation and tax benefits. It has a limited premium paying term and a policy term of 16, 21 or 25 years.
