LIC is a policy Jeevan Labh. This policy can fulfill your dream of becoming a millionaire. Through LIC Jeevan Labh, you can easily make a huge amount of Rs.17 lakh by depositing just Rs. Let us tell you how you can make a fund of 17 lakhs. If a person opts for the 16-year term plan and 10 lakh sum assured option at the age of 23, then he will have to pay Rs 233 per day for 10 years. In this way, he will have to pay a total of Rs 855107. This amount will become Rs 17,13,000 on maturity i.e. at the age of 39 years.
Table number 936 i.e. LIC Jeevan Labh is a non linked policy. This means that this policy has no link with the share market, that is, your money is completely safe in this scheme. The company has made this plan for the marriage of children, education and purchase of property.
Features of Jeevan Labh Policy
Sum Assured: Rs.2,00,000
Duration:16, 21, 25 (Years)
Premium Paying Term:10, 15, 16 (Years) Age:20, 30, 40 (Years)
| premium | age 20 years | 30 years | 40 years |
| annual | Rs.17450 | Rs.17,512 | Rs.17,779 |
| annual | Rs.11,163 | Rs.11,255 | Rs.11634 |
| annual | Rs.9411 | Rs.9545 | Rs.10,015 |
People in the age group of 8 to 59 years can take this policy.
The policy term can be taken from 16 to 25 years.
Minimum Sum Assured of Rs.2 Lakhs to be taken and there is no maximum limit
Loan is also available on payment of premium for 3 years
Tax exemption on premium and on the death of the policy holder, the nominee gets the benefits of Sum Assured and Bonus.
How much will be received on the death of the policy holder
Life Benefit If the policyholder dies during the policy term and has paid all premiums till death, his/her nominee will receive Death Benefit as Death Sum Assured, Simple Reversionary Bonus and Final Addition Bonus (if any) ) is paid i.e. the nominee will get the additional sum assured.
