LIC continues to offer numerous incredible designs for its clients. If you are additionally longing for turning into a tycoon with safe speculations, this LIC policy is extremely valuable for you. LIC Jeevan Labh policy is such an arrangement in which you can get an asset of 17 lakhs by depositing just Rs 233 consistently. Let us tell you about this policy.
LIC Jeevan Labh
This is a non-connected arrangement named-Jeevan Labh (LIC jeevan Labh, 936). Along these lines, this policy has no connection with the offer market. Whether the market goes up or down, it won’t influence your cash by any means. That is, your cash is totally protected in this plan. This is a Limited Premium Plan. This plan has been made remembering the marriage of youngsters, schooling and acquisition of property.
Highlights of the policy
- LIC’s Jeevan Labh Plan include policy gives both benefit and assurance.
- Individuals between the age gathering of 8 to 59 years can undoubtedly take this policy.
- The policy term can be taken from 16 to 25 years.
- A minimum total guaranteed of Rs 2 lakh must be taken.
- There is no restriction on the maximum sum.
- Loan facility is likewise accessible on installment of premium for a considerable length of time.
- Tax exemption on premium and on the passing of the policy holder, the nominee gets the advantages of Sum Assured and Bonus.
Policy holder will get demise benefit
Assuming that the policyholder dies during the policy term and has paid all expenses till death, then his nominee gets Death Sum Assured, Simple Reversionary Bonus and Final Addition Bonus as Death Benefit. That is, the nominee will get extra total guaranteed.
