LIC Jeevan Labh - If you are looking for a life insurance policy that provides both protection and profit, then you should definitely check out LIC Jeevan Labh Policy. By paying a premium of just Rs. 6,484 per month, you can get a return of Rs. 17 Lakhs. This policy is suitable for people aged 8 to 59 years and has several benefits that make it an attractive investment option. Let's take a closer look at this policy and its benefits.Read more
Life Insurance Corporation of India (LIC) Jeevan Labh Policy is a non-linked policy, which means that it is not affected by the stock market. This makes it a much more stable and secure investment option. Additionally, this is a Limited Premium Plan, which means that you only have to pay a set regular premium throughout the premium paying term. The premiums can be paid regularly through monthly, quarterly, bi-annually, or yearly installments. Since this is a participating plan, the policyholder will also receive a percentage of the profits declared by the company as additional bonuses.
The LIC Jeevan Labh policy offers both protection and profit to its policyholders. You can get a life cover of Rs. 17 Lakhs by paying just Rs. 6,484 per month as a monthly premium.
Suppose, Ram takes the policy for a 25 year policy term with 16 year premium paying tenure. For a regular monthly premium of just Rs. 6,484, Ram gets a guarantee of a sum of at least Rs 17 Lakhs in case he outlives the policy tenure plus extra bonuses.
Further, in the event of his untimely demise within the policy term, his beneficiaries will receive the full sum assured amount including the accrued bonuses as Death Benefit. This makes the LIC Jeevan Labh Policy an ideal option for him and other people who are looking for financial security for their loved ones.
Here is a list of all the features of LIC Jeevan Labh Policy that you need to know before you invest in it:
The maturity benefit under this policy is payable at the end of the policy term and is equal to the Sum Assured plus accrued additional bonuses.
The policy also offers a loan facility after the completion of 2nd policy year.
In case of death within the policy term, the nominee will receive an amount equal to the Sum Assured on Death along with any applicable additional bonuses.
You can choose from different policy terms ranging from 16 to 25 years as per your requirements.
The minimum Sum Assured under this policy is Rs. 2 Lakhs and there is no maximum limit on it.
If you're looking for a safe and profitable investment opportunity, look no further than LIC Jeevan Labh Policy! With this policy, you can get Rs. 17 Lakhs by paying just Rs. 6,484 per month. Moreover, you can save on Income Tax deductions under Section 80C and 10(10D) of the Income Tax Act. Invest now and let your money work for you!
*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