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Jeevan Labh

 

LIC Jeevan Labh


LIC’s Jeevan Labh is a limited premium paying, non-linked, with-profits endowment plan which offers a combination of protection and savings.

This plan provides financial support for the family in case of unfortunate death of the policyholder any time before maturity and a lump sum amount at the time of maturity for the surviving policyholder.

This plan also takes care of liquidity needs through its loan facility.

pension, life time pension

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 at-least 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).