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Major benefits of LIC Jeevan Labh policy are as follows: 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.
The following are the three major benefits provided by the LIC Jeevan Labh policy: Death Benefit: The total of the ‘Sum Assured on Death’, ‘Simple Reversionary Bonuses’, and the ‘Final Additional Bonus’ is handed out as death benefits (if any) to the policyholder.
LIC Jeevan Labh is a well-established insurance plan offered by LIC, providing a combination of life insurance coverage and savings benefits. It is suitable for individuals who want to inculcate the habit of savings.
Jeevan Labh modified plan (936) has premium paying term of 10, 16 and 16 years. Calculate Premium and maturity as per latest bonus rate. Jeevan Labh has accidental, term rider, premium waiver benefit.
Calculate premium maturity of jeevan labh plan with death claim detail. Premium with necessary riders and GST.
Under LIC Jeevan Labh, an individual will choose a policy term (16, 21 and 25) and pay regular premium according to the respective premium payment terms (10, 15 and 16). On completion of the policy term, the individual receives a Maturity Benefit which is a lump sum comprising of the Sum Assured and accrued bonus.
LIC Jeevan Labh plan 936. LIC’s Jeevan Labh plan 936 is a limited premium paying, non-linked, with-profits endowment plan that offers a combination of protection and savings. This plan provides financial support for the family in case of the unfortunate death of the policyholder any time before maturity and a lump sum amount at the time of ...
