LIC's Jeevan Labh (Plan No 836)
Ideal Plan to create retirement corpus/child education corpus
It is a limited premium payment with profit endowment insurance plan which offers attractive returns. Policy can be availed with duration of 16 years, 20 Years and 25 Years and can be taken any person between the age group of 8 years to 59 years.
More Sum Assured than Premium Paid
More Protection at less premium. Policy Sum Assured is more as compared to total premium paid during the premium payment term.
Shorter Premium Payment Commitment
Premium payment liability is less compare to policy term as for term of 16 years, premium payment term is 10 years, for term of 20 years, premium payment term is 15 years, and for term of 25 years, premium payment term is 16 years,
Profit Sharing as per Valuation
Every year, LIC declares valuation results.
As per valuation result declared by LIC, profit is being shared among all policyholders as bonus.
Additional Accident Benefit
By paying small extra premium amount, you can secure your life for high insurance protection on natural or accidental death by opting DAB and Term Rider.
Advantages
Avail Tax benefit on premium paid
Tax Free Maturity Amount
Tension Free Claim Settlement
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