New Delhi: If you’re hoping to place your cash in a speculation plot that offers fair gets back with wellbeing on ventures, then, at that point, Life Insurance Corporation of India’s (LIC) Jeevan Labh Policy could be the right battle for you. By putting a little in LIC Jeevan Labh Policy, you can get up to lakhs of rupees at the hour of development.
For example, in one such choice in the LIC Jeevan Labh Policy, you can get Rs 20 lakh at the hour of development by contributing as little as Rs 251.7 each day. The investment plan offers limited premium paying options with protection and income tax savings.
However, you need to understand the complete details of the investment plan before planning your investment. Here are all the details related to LIC Jeevan Labh Policy:
In the LIC Jeevan Labh Scheme, the minimum sum assured is Rs 2 lakh. Investorscan pick between a policy range between 16 to 25 years and can likewise conclude the Premium Paying Term that can go from 10 to 16 years.
The minimum age to put resources into the arrangement is 8 years while the most extreme period of section in the LIC Jeevan Labh strategy is 59 years. The insurance agency permits investors to pay their expenses routinely on a month to month, quarterly, half-yearly, and yearly premise.
Elegance period in LIC Jeevan Labh strategy is 15 days for regularly scheduled installments. A beauty period is the time span in which you can pay your postponed expenses to the strategy. Be that as it may, an effortlessness period is likewise permitted assuming you pay the top notch month to month.
Also, LIC gives an elegance time of 30 days to financial backers deciding on quarterly, half-yearly and yearly installments. Financial backers can likewise get charge exclusion on expenses. If there should be an occurrence of the passing of the financial backer, the aggregate guaranteed is paid to the chosen one.
How to get Rs 20 lakh under LIC Jeevan Labh strategy?
Assuming an investor beginnings putting resources into the LIC Jeevan Labh strategy at 20 years old and pays Rs 251.7 each day for a very long time, the person will get Rs 20 lakhs at the hour of development when the person turns 25.
