Jeevan Labh

LIC ALL IN ONE CALC

Welcome to the blog of Jigar Gohil

Me I am a developer of LIC ALL IN ONE CALC. And I would like to share latest news, information and materials of Lic on my blog.
Me

JIGAR GOHIIL

I am a developer of LIC ALL IN ONE CALC. And I would like to share latest news, information and materials of Lic on my blog.

Jeevan Labh

Jeevan Labh Plan (Plan No. 836)

by Jigar Gohil, May 1, 2016

LIC's Jeevan Labh Plan (836) is a limited premium paying, non-linked, with-profits Endowment Assurance plan.

• Minimum Basic Sum Assured: Rs. 2,00,000/-

• Maximum Basic Sum Assured: No Limit

• Minimum Policy Term: 16 Year OR 21 Year OR 25 Year

• Premium Paying Term: 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 years (completed)

• Maximum Entry Age: 59 years (nearer birthday)

• Maximum Age at Maturity for Life Assured: 75 years

• Mode of Premium Payment: Yearly, half-yearly, quarterly & monthly

• Accidental Death & Disability Benefit Rider is available on payment of additional premium.

LIC's Jeevan Labh Benefit Details

• On Death: "Sum Assured + Vested Bonus + FAB if any."
• Where 'S.A. on Death' is defined as the higher of
i. 10 times of Anualized Premium, OR
ii. 105%of all Premiums paid as on death

• On Survival : On survival Basic Sum Assured + Vested Bonus + FAB if any.

• Surrendered Value: The Policy can be surrendered at any time during the policy term provided atleast 3 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).