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LIC Jeevan Labh Plan

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)

Jeevan Labh Plan Term and premium paying term :

LIC Jeevan Labh plan offers very flexible premium payment option. There are three options which makes this plan affordable to all ages.

Minimum age of entry is 8 Year Completed and maximum age is 59 years.

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.

Maximum Accidental Death and Disability Benefit Rider up to age 70.

Policy Benefits :

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.

Income Tax Benefit :

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