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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.
LIC Jeevan Labh Policy - Explores the plan's eligibility requirements, maturity benefit, death benefit, How the Plan Works, & Documents Required for the policy.
May 4, 2017 · 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 LIC’s Jeevan Labh (Plan 836) is the high maturity returns and low ‘ total premium payment ‘ compared to the Sum Assured.
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.
Key Features. High Bonus Attracting Plan. Premiums need to be paid for less number of years than Maturity year. Ideal Plan for planning Child's Education and Marriage. Options to avail accidental benefit and term riders. Paid premiums are exempted from income tax under 80C. Maturity amount is tax free under 10 (10D)
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.
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).
LIC’s Jeevan Labh policy offers increased returns on your investments in addition to assured returns in the form of death and maturity benefits. It is a limited premium paying, endowment policy that participates in the profits of the company.
