Lifestyle News
LIC’s Jeevan Labh Plan is a life insurance that offers non-liquid benefits.
Under LIC’s Jeevan Labh Plan, premiums need to be paid for a specified time frame. It offers benefits upon the maturity of the insurance.
LIC Jeevan Labh Plan was introduced in 2020, offering a minimum sum assured of Rs 2 lakh with no fixed maximum limit.
The policyholder receives assured sum upon maturity, and insurance coverage in the event of their death.
The Jeevan Labh Plan can be purchased for people aged between 8 years and 59 years.
The policy is offered for terms of 16 years, 21 years, and 25 years. The policy has a maximum maturity of 75 years.
If you invest Rs 253 daily (or Rs 7700 monthly), you will receive Rs 54 lakh after 25 years. The premiums can be paid monthly, quarterly, half-yearly, and annually.