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.Read more
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.
|16/ 21/ 25 years
|Maximum Maturity Age
|Minimum Sum Assured (in Rs.)
|Maximum Sum Assured (in Rs.)
Having a huge financial corpus of Rs. 1 Crore can be very beneficial if you are:
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.
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.
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.
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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*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
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