Benefits of LIC Jeevan Labh: How Investing Rs.233 Daily Can Give You Rs.17 lakhs?

Investment is one of the safest ways to grow your money systematically. However, with so many investment schemes out in the market, choosing the most suitable one for yourself can be a challenge. What if we tell you that investing Rs.233 daily can yield a massive sum of Rs.17 lakhs at maturity? You probably would n0t believe us, but it is true.

Read more
LIC Plans-
Buy LIC policy online hassle free
Tax saving under Sec 80C & 10(10D)^
Guaranteed maturity with life cover for securing family's future
Sovereign guarantee as per Sec 37 of LIC Act
LIC life insurance
We are rated~
rating
58.9 Million
Registered Consumer
51
Insurance Partners
26.4 Million
Policies Sold
Now Available on Policybazaar
Grow wealth through
100% Guaranteed Returns with LIC
+91
Secure
We don’t spam
View Plans
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on ''View Plans'' you, agreed to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp
We are rated~
rating
58.9 Million
Registered Consumer
51
Insurance Partners
26.4 Million
Policies Sold

LIC has designed a new plan (LIC Jeevan Labh, 936) that gives you Rs.17 lakhs at the time of its maturity. As LIC is one of India's most reputed insurance companies, you can be assured that the benefits of LIC Jeevan Labh are legitimate.

So how can you avail of this scheme and get Rs.17 lakhs on policy maturity? Find all details in this article. 

Benefits of LIC Jeevan Labh: Full Details

LIC allows the policyholder to invest Rs.233 every day to get a corpus of more than Rs.17 lakh on maturity as per the Jeevan Labh policy. 

Being a non-linked plan, it is free from the risks and anxieties of equity markets. This implies that any ups and downs in the shares will not have any effect on your policy status. So, it is safe to say that your money is safe with LIC Jeevan Labh's investment. Moreover, as it is a limited premium policy, the investments are systematically structured so that the money of policy buyers is safe from any potential risks. 

LIC has designed the Jeevan Labh limited premium plan keeping in mind the children's education, marriage, and other important purchases like buying property in the future. Apart from monetary benefits, the plan also offers insurance coverage to the investors, making it a win-win policy. 

The policyholder can also take advantage of tax benefits through the scheme. Furthermore, if the policyholder passes away during the duration of the policy, having paid all the premiums up to death, in this scenario, the policyholder's beneficiary receives the Death Sum Assured, a Simple Reversion Bonus, and the Final Death Bonus as an addition. This means that the beneficiary will receive an additional sum assured.

There are three premium payment terms (PPT) available under LIC's Jeevan Labh Plan. These are of 16, 15, or 10 years respectively. The plan tenure for these PPTs is 25, 21, and 16 years respectively. If a policy buyer decides to invest in the Jeevan Labh policy at the start of his/her career, we would advise going for the longer option, i.e., a 25-year maturity option with a 16-year PPT (Policy Paying Term). 

Since there are no upper investing criteria in this plan, investors are not required to limit their investments. This single feature makes LIC Jeevan Labh policy one of the best options for insurance cum investments. 

Features of This Policy

The top highlights of the policy include:

  • The plan is a combination of insurance and investment. 
  • The age limit for the plan ranges between 8 years to 59 years.
  • The tenure of this policy is between 16 years to 25 years. 
  • The insured needs to take a minimum sum assured of Rs.2 lakhs.
  • There is no upper cap on the maximum investment. 
  • After paying the premiums for 3 years straight, the insured can take a loan on this policy. 
  • The premiums are tax-exempted. 

Basic Sum Assured

The policy does not limit the amount of money that can be assured as the minimum. However, the minimum amount assured under the LIC Jeevan Labh policy is two lakh rupees. The sum assured needs to be in multiples of only Rs.10,000.

Final Word

LIC is one of the renowned insurance providers in India and is known to offer attractive and safe returns with other benefits for policy buyers from time to time. The biggest insurance provider lets investors invest their money for longer periods to ensure bigger maturity returns to meet their lifestyle requirements. Benefits of LIC Jeevan Labh are catered towards the well-being of policyholders, as discussed above. 

Ensure you assess your lifestyle requirements and determine if you can invest Rs.233 daily to avoid policy lapses.


*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
++Returns are 10 years returns of Nifty 100 Index benchmark

LIC of India
LIC Plans
LIC Amritbaal
LIC Index Plus
LIC Jeevan Dhara II-872
LIC Jeevan Utsav
LIC Jeevan Kiran
LIC Dhan Vriddhi
LIC Monthly Investment Plans
LIC Jeevan Azad
LIC 1 Crore Endowment Plans
LIC Jeevan Labh 1 Crore
LIC Crorepati Plan
LIC Dhan Varsha - Plan No. 866
LIC Pension Plus Plan
LIC New Jeevan Shanti
LIC Bima Ratna
LIC Group Plans
LIC Fixed Deposit Monthly Income Plan
LIC Savings Plans
LIC’s New Jeevan Anand
LIC New Jeevan Anand Plan 915
LIC's Saral Jeevan Bima
LIC's Dhan Rekha
LIC Jeevan Labh 836
LIC Jeevan Jyoti Bima Yojana
LIC Child Plans Single Premium
LIC Child Plan Fixed Deposit
LIC Jeevan Akshay VII
LIC Yearly Plan
LIC Bima Jyoti (Plan 860)
LIC’s New Bima Bachat Plan 916
LIC Bachat Plus Plan 861
LIC Policy for Girl Child in India
LIC Samriddhi Plus
LIC New Janaraksha Plan
LIC Nivesh Plus
LIC Policy for Women 2024
LIC Plans for 15 years
LIC Jeevan Shree
LIC Jeevan Chhaya
LIC Jeevan Vriddhi
LIC Jeevan Saathi
LIC Jeevan Rekha
LIC Jeevan Pramukh
LIC Jeevan Dhara
LIC Money Plus
LIC Micro Bachat Policy
LIC Endowment Plus Plan
LIC Endowment Assurance Policy
LIC Bhagya Lakshmi Plan
LIC Bima Diamond
LIC Anmol Jeevan
LIC Bima Shree (Plan No. 948)
LIC Jeevan Saathi Plus
LIC Jeevan Shiromani Plan
LIC Annuity Plans
LIC Jeevan Akshay VII Plan
LIC SIIP Plan (Plan no. 852) 2024
LIC Jeevan Umang Plan
LIC Jeevan Shanti Plan
LIC Online Premium Payment
LIC Jeevan Labh Policy-936
LIC Money Plus Plan
LIC Komal Jeevan Plan
LIC Jeevan Tarang Plan
LIC Bima Bachat Plan
LIC’s New Money Back Plan-25 years
LIC Money Back Plan 20 years
LIC Limited Premium Endowment Plan
LIC Jeevan Rakshak Plan
LIC New Jeevan Anand (Previously LIC Plan 149)
LIC New Endowment Plan
LIC Varishtha Pension Bima Yojana
LIC Investment Plans
LIC Pension Plans
Show More Plans
LIC Calculator
  • One time
  • Monthly
/ Year
Sensex has given 10% return from 2010 - 2020
You invest
You get
View plans

LIC of India articles

Recent Articles
Popular Articles
Government Praises Life Insurance Corporation (LIC) in Economic Survey 2024

23 Jul 2024

3 min read

In the recently released Economic Survey 2024, Finance Minister
Read more
LIC Jeevan Utsav vs LIC Jeevan Umang

07 Jun 2024

4 min read

LIC Jeevan Utsav and LIC Jeevan Umang are two popular insurance
Read more
Review of LIC Index Plus

07 Jun 2024

2 min read

I recently bought LIC's Index Plus plan, which has provided me
Read more
LIC Versus PPF

05 Jun 2024

3 min read

When it comes to financial planning in India, two of the most
Read more
LIC Amritbaal Premium Calculator

29 Mar 2024

2 min read

LIC Amritbaal Premium and Maturity Calculator is an online tool
Read more
LIC Online Premium Payment

3 min read

The LIC Online Payment by Policybazaar enables policyholders to pay their insurance premiums online at their
Read more
10 Best LIC Plans to Invest in 2024

3 min read

Since 1956, LIC of India has offered several policies that combine insurance protection with wealth accumulation
Read more
How to Check the Maturity Amount of LIC Policies?

3 min read

The LIC maturity value is the amount payable to the policyholder upon the completion of the policy term. LIC
Read more

top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL