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Jan 2, 2020 · Jeevan Labh is a plan that offers life insurance cover and investment returns linked to the performance of a unit fund. It is a low-cost plan with no entry load and partial withdrawal facility.
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.
LIC Jeevan Labh Plan is a traditional, non-linked, with-profits plan offering investment and insurance benefits. You pay premiums for a limited period and get maturity or death benefits depending on the policy term and bonuses declared by LIC.
- 22 Dec 2015
- Traditional Endowment Plan
- Table No. 836
LIC Jeevan Labh is an endowment plan that offers life insurance and savings benefits. Learn about its eligibility criteria, death and maturity benefits, tax exemptions, and premium rates with a sample illustration.
- Ans: LIC Jeevan Labh maturity value is calculated as follows: Basic sum assured + Accumulated Simple Reversionary Bonus during policy term + Final...
- Ans: LIC Jeevan Labh 936 premium and maturity calculator works by factoring in the entry age of the policyholder, policy term, premium payment term...
- Ans: Yes, you can save for your childâs future with LICâs Jeevan Labh Policy. You can buy it in your childâs name if he/she is above 8 years...
- Ans: You can get rebates on the premium amount if you pay premiums yearly or half-yearly.
- Ans: Yes, you can use a loan facility against your LIC Jeevan Labh policy. The loan amount and terms are subject to specific policy provisions and...
- Ans: Yes, LIC Jeevan Labh has a surrender value. The surrender value is payable if the policy is surrendered before the completion of the policy te...
- Ans: Yes, LIC Jeevan Labh has a surrender value, which means you can surrender the policy before the completion of the policy term. However, surren...
- 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
- GeneratedCaptionsTabForHeroSec
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.
- Policyx.Com
- 3 min
Feb 7, 2020 · LIC Jeevan Labh 936 is a limited premium payment endowment plan that offers high maturity returns and optional riders. Learn about the eligibility, premium, benefit, surrender value, and bonus rates of this plan.
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May 4, 2017 · LIC Jeevan Labh - 836 is a popular endowment plan that offers high maturity returns and low premium payment. Learn about its features, benefits, riders, calculators, bonus rates and more.
