LIC Jeevan Labh 1 Crore offers the combined benefit of savings and life protection. The plan provides a financial protection to your loved ones and ensures that they fulfill all their dreams, even in your absence. LIC Jeevan Labh not only lets you protect your family’s financial needs but also allows you to create a huge financial corpus of Rs. 1 Crore that can help you achieve your financial goals.Read more
LIC Jeevan Labh 1 Crore Plan is a traditional life insurance plan offered by the LIC of India. The plan offers the death benefit in case the policyholder dies during the policy term. Whereas, in the scenarios where the policyholder outlives the policy term, the plan offers a maturity benefit. In addition to profit participation, bonuses are also available.
Also, to offer enhanced protection to the policyholder, LIC Jeevan Labh offers five additional riders namely (i) Accidental Death and Disability Benefit Rider, (ii) Accidental Benefit Rider, (iii) Term Assurance Rider, (iv) Critical Illness Rider & (v) Premium Waiver Benefit.
|16/ 21/ 25 years
|Minimum Sum Assured (in Rs.)
|Maximum Sum Assured (in Rs.)
|Premium Paying Term
|10/ 15/ 16 years
LIC Jeevan Labh 1 Crore plan comes with a host of benefits that helps the policyholder to plan a financially secure future for themselves and their families. Take a look at some of the benefits of the plan:
In case the policyholder dies within the policy period, the plan offers Death Benefit to the nominee. The death benefit payable will be the higher of
Basic Sum Assured, or
7 times of annualized premium
If the policyholder is alive till the end of the policy period, he/she is eligible to avail of Maturity benefit which will be equal to
Sum Assured on Maturity+Vested Simple Reversionary Bonus, if any + Final Additional Bonus, if any.
The premiums paid against the policy will be eligible for tax benefits under section 80 C of the Income Tax Act.
Suppose a 30-year male wants to buy LIC Jeevan Labh 1 Crore plan. Let us calculate the premium he needs to pay for different policy terms available by using LIC Jeevan Labh Calculator. Take a look:
To buy LIC Plans, follow the below-mentioned steps:
Step 1: Fill in the form available at the top of this page with your name and contact number. Click on “view plans”.
Step 2: Enter your current age and the city you live in.
Step 3: Once done, the page will show you all the plans. You can customize the values as per your requirements.
Step 4: Select the plan you want to buy, and pay the premium online.
Yes, the plan offers two types of rebates that are:
|Basic Sum Assured (B.S.A)
|INR 1 Lakh to 1.95 Lakhs
|INR 2 Lakhs to 4.95 Lakhs
|1.50% of B.S.A.
|INR 5 Lakhs to 5.95 Lakhs
|2.50% of B.S.A.
|10, 00,000 and above
|3% of B.S.A.
*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