LIC Jeevan Labh: By investing Rs 260 daily in this policy, you can get Rs 54 lakh on maturity. If the life assured is alive till the maturity of the Jeevan Labh policy plan, he/she gets full Sum Assured along with Reversionary Bonuses and Final Additional Bonus
Most people in the country consider Life Insurance Corporation of India (LIC) to be the safest option for investment. LIC brings insurance policies keeping in mind every need of the customers. In LIC, you can choose the premium amount, payment time and maturity time according to your needs.
Here you are being told about a similar policy of LIC in which more importance has been given to the safety of the family. LIC’s Jeevan Labh Policy is a limited premium payment non-linked, with profit endowment plan. This plan provides financial support to the family in case of the unfortunate death of the policyholder at any time before maturity and a substantial corpus to the surviving policyholder. In a way, by investing Rs 260 daily in this policy, you can get Rs 54 lakh on maturity.
Benefits of LIC Jeevan Labh Policy
If the life assured is alive till the maturity of the Jeevan Labh policy plan, he/she gets full Sum Assured along with Reversionary Bonuses and Final Additional Bonus. The insured pays the premium for the time period of 10, 13 and 16 years. They will get money on maturity after 16 to 25 years. The minimum age for taking LIC Jeevan Labh policy is 8 years and the maximum age is 59 years. A person aged 59 years will get only insurance with maturity of 16 years. So, that the age of the insured at the time of maturity does not exceed 75 years.
Will get Rs 54.50 lakh on maturity – this is the complete calculation
If you are 25 years old and you buy LIC Jeevan Bima Labh policy for a maturity period of 25 years, you will get Rs 54.50 lakhs on maturity. For this, you will have to pay around 20 lakh rupees in 25 years for basic insurance. That is, you will have to pay a premium of around Rs 92,400 annually. If this premium is calculated on a daily basis, then about Rs 260 is made daily. After this you will get Rs 54.50 lakh on maturity.
LIC Jeevan Labh Policy
This is a non-linked plan from the stock market. Means, its money is not invested in the stock market. If the insured dies before the maturity of the plan, then this plan gives money to the family. If the insured is alive till the maturity of the policy, then he gets the money. LIC’s Jeevan Labh plan has to pay premiums for a limited period of time.
