Why Buy LIC Jeevan Labh 1 Crore Plan?

LIC Jeevan Labh 1 Crore is a traditional life insurance plan offered by the LIC of India , that offers both life coverage as well as savings benefits. With the plan, the nominee will receive the death benefit of Rs. 1 Crore if the policyholder passes away. In addition to this, the policyholder will also receive the maturity benefit if he/she outlives the policy tenure. 

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Why Should You Buy LIC Jeevan Labh 1 Crore Plan?

LIC of India launched the Jeevan Labh plan that offers the combined benefit of savings and protection. Below mentioned are a few points that will help you make an informed decision:

  • Provide Financial Protection to Your Family 

    Protecting your family’s financial future with LIC Jeevan Labh 1 Crore Plan can protect your family from financial constraints. In the unfortunate event of your death, your family can fulfill their dreams and continue their living standards without depending on anyone else.

  • Pay off your Financial Liabilities 

    Financial liabilities, such as outstanding loans can become a burden on your family when you are not around. The substantial coverage of Rs. 1 Crore will help your family to pay off such debts and they don’t face a financial strain.

  • Fulfill your Long Term Financial goals

    With LIC Jeevan Labh 1 Crore plan you can plan and fulfill your long-term financial goals such as buying a big house, sending your kid abroad for higher studies, or your retirement. 

  • Beat Inflation rates

    With the continuous rise in living costs, affording the basic needs after 20 years would be difficult. Thus having a plan that will offer Rs.1 Crore at the time of maturity can prove to be a wise choice to combat inflation.

Who are Eligible to Buy LIC Jeevan Labh 1 Crore Plan?

Parameters Details
Entry Age 8years-59 years
Policy Term 16/ 21/ 25 years
Maximum Maturity Age 75 years
Minimum Sum Assured (in Rs.) 2 Lakhs
Maximum Sum Assured (in Rs.) No Limit

Who Should Buy LIC Jeevan Labh 1 Crore Plan?

Having a huge financial corpus of Rs. 1 Crore can be very beneficial if you are:

  1. Young Individual

    If you are a young individual between 20-30 years, it is best for you to start investing in LIC Jeevan Labh 1 Crore Policy. Not only does it help you to build long-term financial stability, but also the premiums of the policy will be affordable.

  2. Sole Earning Member of the Family

    Being the sole earning member of the family makes it your responsibility to plan for your family’s financial future. With LIC Jeevan Labh 1 Crore policy, you can ensure to fulfill all their dreams in your absence.

  3. Individuals seeking Financial Security

    LIC Jeevan Labh 1 Crore plan is a long-term savings and protection plan that offers financial protection to investors and allows them to fulfill their financial milestones.

Wrapping it up:

The LIC Jeevan Labh 1 Crore Plan allows you to save for future uncertainties. Safeguarding the future of your family when you're gone is one of the best gifts you can give them. With the LIC Jeevan Labh plan, you can ensure that your family can continue living their life, and can achieve their dreams.

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