LIC Jeevan Labh plan: Investors also get protection in LIC Jeevan Labh plan and it can also be seen from the investment point of view.
LIC’s Jeevan Labh policy is an endowment policy. It is a non linked participating, individual, saving plan life insurance. Along with this, a sum assured is also available on the death of the policy holder. If a policy holder dies, his family gets at least 105 percent of the sum assured.
LIC Jeevan Labh is a basic endowment plan in which you have to pay premium for a limited time period. Apart from this, maturity benefit is available when the policy matures.
This policy was launched by LIC in the year 2020 and it is one of the popular plans of LIC. This will get a sum assured of at least Rs 2 lakh. At the same time, no limit has been fixed for the maximum amount.
In the policy, insurance cover is available on the death of the policyholder, while on his survival, he gets the benefit of lump sum money on maturity. Along with this, by investing in it, you can also avail the facility of loan against the policy if needed. In this policy, you get the benefit of both savings and security.
LIC has launched this policy in the year 2020. This will get a sum assured of at least Rs 2 lakh. At the same time, no limit has been fixed for the maximum amount. In this policy, you can buy the policy from the age of 8 years till the age of 59 years.
You can invest in this policy for 16 years, 21 years and up to 25 years. If you invest at the age of 59, you can invest in it only for 16 years. The maximum maturity limit of this policy is only for 75 years.
The premium for this policy can be paid every month, three months, 6 months or annually. If you invest Rs 253 every day or Rs 7700 every month, then by investing Rs 92400 in a year, you can get a maturity benefit of Rs 54 lakh after 25 years.
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