LIC Jeevan Labh

Find all details about the plan here:

LIC Jeevan Labh for NRIs Living in Canada

This plan is one of the most recommended insurance policies for NRIs living in Canada and those who have moved overseas for a short period. The savings are increased since the term for premium payment ends six years before the maturity period of the insurance policy. The policyholder, therefore, enjoys full insurance coverage without the need to pay an additional premium in the final six years of the term. 

Based on the requirements, the insured can choose a 16 year, 21 years or 25-year period. The longer duration policy is suggested since it will yield the highest returns. For example, an insured who wants to take an insurance coverage of 20 lakhs over 21 years would likely pay slightly more than Rs.1,00,000 as a premium for a tenure of 16 years.

Moreover, the insured can pay a premium on a quarterly, monthly, or half-yearly basis. In general, there is a discount of 2% applicable to those who select the annual premium payment mode. The maturity earnings are tax-free. Moreover, the policyholder can be awarded loyalty bonuses that LIC announces at times as a non-market linked plan. 

Plan Features

• Various premium payment modes viz. 10, 15, or 16 years.
• Great returns.
• Various policy term options viz. 16, 21, and 25 years.
• 10x the insurance coverage for payment of yearly premiums.
• New Term Assurance Rider.
• Eligibility bracket: 8-59 years. 
• Discounts applicable.
• Accidental Death and Disability Benefit Rider.

For any concerns, queries, to get additional information, to use the Jeevan Labh calculator, or to purchase the Jeevan Labh plan, you can get in touch with LIC at +91-9230091000.

FAQ's