Jeevan Labh

Jeevan Labh (836)

Product Summary :

LIC’s Jeevan Labh Plan (836) is a limited premium paying, non-linked, with-profits Endowment Assurance plan.

Premium Payment Mode:

Yearly, Halfly, Quarterly, Monthly(ECS)

Term :

16 Year
21 Year
25 Year

P.P.T.

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 Year Completed

Maximum Entry Age :

59 Year (Nearest Birthday)

Maximum Maturity Age :

75 Year

Minimum Sum Assured :

2,00,000

Maximum Sum Assured :

NO LIMIT (Depending upon Income)

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 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).

Document required for new policy

• Application form/Proposal form along with a photo.
• Address proof.
• Age proof.
• Medical reports (if required).