Jeevan Labh

Jeevan Labh

"In case you are not there to hold him make sure you leave a safety net for him"

Benefits:

Jeevan Labh is a life assurance savings plan with limited payment option.

This is ideal plan for those who want to pay the premium for a shorter period

The risk coverage under this plan enhances every year as LIC declared the bonuses. However, the premium does not change

The customer gets the tax-free maturity under this plan which includes the bonus also along with Sum Assured

This plan has an option of choosing the Accidental Life cover, Disability Benefit & Critical illness cover

In case of a minor, this plan also has the premium waiver benefit in case of death of the parent

This plan also has the option of taking the Maturity proceeds in instalments as the policy-holder can choose the no of year as 5, 10 or 15.

In a similar way, the policyholder also has the option of choosing the death benefit in instalments

LIC also offer the discount in the premium in case the mode of payment is Yearly.

The loan is also available to the policyholder after the completion of 2 years of the policy

Settlement option avilable on Maturity and Death in Installments of 5,10 or 15 Years

How does this policy work?

Eligibility Criteria Minimum Maximum
Age 8 Yars (Completed) 59 Years for Policy Term = 16
54 Years for Policy Term = 21
50 Years for Policy Term = 25
Policy Term 16 Years
21 Years
25 Years
Premium Payment Term 10 Years
15 Years
16 Years
Basic Sum Assured Rs.2 Lacs No Limit
Maximum Maturity Age 75 Years (Nearer Birthday) 75 Years (Nearer Birthday)
Rider LIC’s NEW CRITICAL ILLNESS BENEFIT RIDER(CIR) LIC’s NEW CRITICAL ILLNESS BENEFIT RIDER(CIR)
Rider LIC's ACCIDENTAL DEATH AND DISABILITY BENEFIT RIDER LIC's ACCIDENTAL DEATH AND DISABILITY BENEFIT RIDER
Rider LlC's ACCIDENT BENEFIT RIDER LlC's ACCIDENT BENEFIT RIDER
Rider LIC’s PREMIUM WAIVER BENEFIT RIDER (PWB) - If life assured is Minor LIC’s PREMIUM WAIVER BENEFIT RIDER (PWB) - If life assured is Minor
Rider LIC's NEW TERM ASSURANCE RIDER (TR) LIC's NEW TERM ASSURANCE RIDER (TR)