LIC’s Amazing Plan: When it comes to investing, LIC offers excellent options with attractive interest rates to suit everyone’s needs. One such plan worth considering is LIC’s Jeevan Labh (Policy No-936). This plan not only provides insurance coverage but also ensures savings for its customers. By investing just Rs. 7,960 per month (approximately Rs. 265 per day), you can avail a substantial amount of Rs. 54 lakhs.
LIC’s Jeevan Labh plan serves as a reliable financial security for your family in case of unfortunate circumstances like the policyholder’s demise. Additionally, if the policyholder survives till the maturity period, they will receive a lump sum amount. This plan offers flexibility in terms of choosing the desired insurance amount and policy duration, allowing investors to customize it according to their preferences.
Secure Your Future with LIC Jeevan Labh: Save Rs. 265 Daily
LIC Jeevan Labh policy offers a great opportunity for individuals aged between 18 to 59 years. Let’s consider an example: Suppose a person decides to take this policy at the age of 25 with a Sum Assured of Rs. 20 lakhs and a plan term of 25 years. On maturity, the policyholder will receive an amount of Rs. 54 lakhs. To achieve this, the customer needs to pay premiums for 16 years, while the policy term is 25 years.
If the monthly installment is Rs. 7,960 (inclusive of GST), it amounts to saving approximately Rs. 265 per day. Over the course of 25 years, the total premium paid would be around Rs. 14,67,118, while the maturity amount would be Rs. 54 lakhs, including an additional bonus of Rs. 9 lakhs.
Protection in Case of the Policyholder’s Demise
LIC Jeevan Labh policy provides flexibility in choosing premium payment terms of 10, 15, or 16 years. At the end of the policy term (16, 21, or 25 years), the deposited amount is returned to the policyholder. In the unfortunate event of the policyholder’s death during the policy term, the nominee receives comprehensive benefits, including the Sum Assured and applicable bonuses.
The death benefit is a crucial aspect of this policy, ensuring that the sum assured is paid to the nominee in case of the policyholder’s death, provided the policy is active and all premiums are paid on time.
