Life Insurance Lic Policy Jeevan Labh Benefits And Features Details For Insurer

"LIC Policy Jeevan Labh": This LIC policy with table no 836 is a non-linked limited premium paying endowment insurance plan which means premium paying term is not as much as strategy term, for instance, for a long time arrangement term, premium should be paid for a long time just and development will occur after fulfillment of 16 years. This plan is not reliant on share market. It is a limited premium installment plan.  You don't need to pay the premiums for the whole span of the term of the arrangement. We will clarify the arrangement benefits with the assistance of a model. This page attempts to give total comprehension of plan's determinations, premium, development, year-wise passing cases and so forth.


LIC Policy Jeevan Labh


Lic Policy Jeevan Labh, Lic Jeevan Labh Policy

Lic Policy Jeevan Labh (Lic Ki Jeevan Labh Policy) is a straightforward, conventional, non-linked, with-benefits blessing plan offering speculation and insurance benefits. You pay premiums for a constrained timeframe and toward the finish of the arrangement term, you will get the maturity benefits. If there should arise an occurrence of death of the policyholder whenever during the approach term, the chosen one will get the death benefit. 


Eligibility Criteria For LIC Policy Jeevan Labh


Minimum Age - 8 Years.
Maximum Age - For 16 Years policy term 59 Years.
For 21 Years policy term 54 Years.
For 25 Years policy term 50 Years.
Maximum age should be counted 75 Years at maturity.


Key Features Of LIC Policy Jeevan Labh


Referenced beneath are the key highlights of the Lic Policy Jeevan Labh -

  • Offers a choice to pick a strategy term of age 16 years, 21 years or 25 years. 

  • It is a non-linked constrained premium paying term. 

  • It is an arrangement intended for people. 

  • Offers a choice to pick the premium paying terms of 10 years, 15 years or 16 years. 

  • Offers a top notch installment recurrence of either yearly, half-yearly, quarterly, month to month just as compensation reserve funds plot. 

  • Offers a free look time of 15 days from the date of arrangement issuance. 

  • Offers a restoration time of 2 years. A policyholder can restore the arrangement from the date of the primary unpaid premium by paying the overdue debts just as the intrigue and different costs. 


Advantages Of LIC Policy Jeevan Labh


If there should be an occurrence of death of the policyholder at whenever during the arrangement term, the chosen one (nominee) will get the entirety of the accompanying -


  • Sum Assured 

Straightforward reversionary bonus which has been pronounced will date.

Last addition bonus whenever pronounced in that year.


  • Maturity Benefits 

At the season of development of the arrangement, that is the point at which the approach term gets over, the policyholder will get the aggregate of the accompanying: 

In Lic Policy Jeevan Labh, a policyholder needs to pay premium during Premium Paying Term (PPT) and after that the policyholder needs to sit tight for fulfillment of Policy Term and on the finish Policy Term, Lic Jeevan Labh Policy gives development sum which is equivalent to Basic Sum Assured + Simple Revisionary Bonus + Final Addition Bonus (FAB), assuming any. LIC announces Simple Revisionary Bonus or essentially Bonus for every approach year during arrangement term. 


  • Death Claim Benefit 

If there should arise an occurrence of death during the arrangement term, passing case will be Basic Sum assured plus Accumulated Simple Revisionary Bonus and plus Final Addition Bonus, gave all due premium till the season of death are paid and strategy is in power.


  • Tax Benefits 

Tax benefits can be avail as per relevant sections of the Income Tax Act, 1961.


  • Loan 

Lic Policy Jeevan Labh offers an advance office once you complete 3 years of the strategy time frame and if the premiums were paid routinely. The strategy additionally ought to have gained a give up an incentive to be qualified for a credit office. 


  • Surrender Value 

The Lic Jeevan Labh Policy can be surrendered at any point of time in the policy term subject to payment of minimum 3 consecutive years premium.


Lic Policy Jeevan Labh, Lic Jeevan Labh Policy


About LIC (Life Insurance Corporation)  Of India : Though the idea of insurance is to a great extent an improvement of the ongoing past, especially after the mechanical time – recent hundreds of years – yet its beginnings go back right around 6000 years. Life Insurance in its advanced structure came to India from England in the year 1818. Oriental Life Insurance Company begun by Europeans in Calcutta was the principal Life Insurance organization on Indian soil. All the insurance agencies built up during that period were raised to take care of the necessities of European people group and Indian locals were not being guaranteed by these organizations. LIC had 5 zonal workplaces, 33 divisional workplaces and 212 branch workplaces, aside from its corporate office in the year 1956. Today LIC capacities with 2048 completely electronic branch workplaces, 113 divisional workplaces, 8 zonal workplaces, 1381 satallite workplaces and the Corporate office. LIC's wide area network covers 113 divisional workplaces and associates every one of the branches through a metro area network.


LIC Helpline Number


Call LIC call center helpline number for more enquiries and additional informations at - 022 6827 6827 from Monday to Friday between 08.00 a.m. to 08.00 p.m. and on Saturday between 10.00 a.m. to 06.00 p.m.


LIC Jeevan Labh 836 Premium And Maturity Calculator


Calculate your premium amount as of your age and maturity amount as of your policy term -



Download Policy Documents




Conclusion


Is LIC Jeevan Labh A Good PolicyLic Policy Jeevan Labh by LIC of India offers a thorough extra security spread to the policyholder. Since it's a mix of both venture just as reserve funds, it is a prescribed item to decide on. One of the enrichment plans dependent on venture, has picked up prominence because of its one of a kind highlights. The assortment of riders offered by this arrangement would improve your base arrangement at an insignificant rate. After analyzing all the points it can be said that this policy is good enough. 


Official Website

https://www.licindia.in


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