LIC Jeevan Labh plan 836 is a limited premium paying, non-market- linked with profit plan. Jeevan Labh plan during death or maturity offers protection & benefit in the form of sum assured plus simple revisionary bonuses and final bonus, if any, payable to the nominee or policyholder. This plan gives the policy holder a kind of flexibility to pay premium during his best earning years and get best benefits at the maturity.
Premium Payment Mode: Yearly, Halfly, Quarterly, Monthly(ECS)
LIC Jeevan Labh plan offers very flexible premium payment option. There are three options which makes this plan affordable to all ages.
Maximum Maturity Age : 75 Year
Minimum sum assured under Jeevan labh is Rs.2,00,000/- and there is no upper limit for sum assured as well as premium payment.
On Death : Basic Sum-Assured,OR 10 times of Annualized Premium, OR 105%of all Premiums paid as on death, WHICHEVER IS HIGHER.
On Survival : On survival Basic Sum-Assured + Reversionary Bonus+ Final Additional Bonus.
Surrendered Value : The Policy can be surrendered at any time during the policy term provided atleast three full years premiums have been paid.
Loan : Loan Facility is available under this plan, after payment of premiums for at least 3 full years.
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