Invest and Prosper: Benefits of LIC Jeevan Labh Policy
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Jeevan Labh Plan
LIC’s Jeevan Labh Plan is a life insurance that offers non-liquid benefits.
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Premiums
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.
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Introduced in 2020
LIC Jeevan Labh Plan was introduced in 2020, offering a minimum sum assured of Rs 2 lakh with no fixed maximum limit.
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Insurance
The policyholder receives assured sum upon maturity, and insurance coverage in the event of their death.
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Policy for
The Jeevan Labh Plan can be purchased for people aged between 8 years and 59 years.
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Policy terms
The policy is offered for terms of 16 years, 21 years, and 25 years. The policy has a maximum maturity of 75 years.
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Rs 54 lakh after 25 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.