Brief Plan Features
- Jeevan Labh is a Limited Premium Endowment Plan.
- Premium Stops Benefits go on.
- Additional Death & Disability Benefit Rider is Available.
Jeevan Labh Plan (Plan No. 836)
LIC's Jeevan Labh Plan (836) is a limited premium paying, non-linked, with-profits Endowment Assurance plan.
- Minimum Basic Sum Assured: Rs. 2,00,000/-
- Maximum Basic Sum Assured: No Limit
- Minimum Policy Term: 16 Year OR 21 Year OR 25 Year
- Premium Paying Term: For Term 16 Year PPT 10 year , For Term 21 Year PPT 15 Year , For Term 25 Year PPT 16 year
- Minimum Entry Age: 8 years (completed)
- Maximum Entry Age: 59 years (nearer birthday)
- Maximum Age at Maturity for Life Assured: 75 years
- Mode of Premium Payment: Yearly, Half-yearly, Quarterly & Monthly
- Accidental Death & Disability Benefit Rider is available on payment of additional premium.
LIC's Jeevan Labh Benefit Details
On Death
"Sum Assured + Vested Bonus + FAB if any." Where 'S.A. on Death' is defined as the higher of 10 times of Anualized Premium, OR 105%of all Premiums paid as on death
On Survival
On survival Basic Sum Assured + Vested Bonus + FAB if any.
Surrendered Value
The Policy can be surrendered at any time during the policy term provided atleast 3 full years premiums have been paid.
Loan
Loan Facillity is available under this plan, after payment of premiums for at least 3 full years.
Income Tax Benefit
Premium paid under this plan is eligible for TAX rebate under section 80c. Maturity under this plan is free under sec 10(10D).
