Life Insurance Corporation of India (LIC) runs several beneficial schemes for its customers. In which there is a policy for people of all ages. One of these is LIC Jeevan Labh Policy.
LIC Jeevan Labh offers the benefits of both protection and savings. By investing in this scheme, you get a lump sum amount at the time of maturity. In this policy, you will have to save only Rs 7,572 every month. And you can add Rs 54 lakh for your future. This is a limited premium paying and non-linked plan.
It provides financial assistance to the family in case of death of the policy holder. Along with this, if the policyholder survives till maturity, he will get a hefty amount. Under this scheme, the investors have the right to choose the amount and tenure of the premium as per their wish. Let us know in detail about LIC Jeevan Labh Plan….
LIC Jeevan Benefits:
The minimum age for taking a calculator policy is 18 years and the maximum is 59 years. For example, if a person takes a Jeevan Labh policy at the age of 25, he will have to invest Rs 7,572 per month or Rs 252 per day. That means Rs 90,867 will be deposited annually. He will deposit around 20 lakh rupees. After completion of maturity, the policyholder will get an amount of Rs 54 lakh. If you invest in LIC’s Life Benefit, then on maturity you are given the benefit of Reversionary Bonus and Final Additional Bonus.
The specialty of LIC Jeevan Labh Policy Any citizen between 8 years to 59 years can invest under this scheme. Under this policy, the insured can deposit money for 10, 13 and 16 years, which will be given money on maturity of 16 to 25 years. A person of 59 years can choose an insurance policy for 16 years, so that his age does not exceed 75 years.
The biggest plus point of the policy is that if the policyholder dies due to any reason during the term of the policy, then the nominee gets the benefit. Along with the bonus, the insurance company also gives the benefit of the Sum Assured to the nominee. Death benefit is considered to be the biggest plus point of this policy. In this, the sum assured is returned on the death of the policyholder, provided the policy is not broken and all the premiums have been paid.
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