Plan :Jeevan Labh(936)
LIC's Jeevan Labh Plan (936) is a limited premium paying, non-linked, with-profits Endowment Assurance plan.
Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(NACH)/ SSS
Term :
♦ 16 Year
♦ 21 Year
♦ 25 YearÂ
PPT* :
♦ 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 :
♦ PNO LIMIT (Depending upon Income)
♦ PMaximum Accidental Death and Disability Benefit Rider up to age 70.
Policy Benefits :
On Death :
Basic Sum-Assured+ Reversionary Bonus+ Final Additional Bonus.
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 Facility 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).