LIC's Jeevan Labh Plan (TABLE NO. 836)

LIC Jeevan Labh Plan 836 details-One of the best plan in terms of maturity benefits given in this plan. It provides the high returns on maturity as well insurance cover during the policy and also in extended period.

WHY CHOOSE THIS PLAN

•   Paid premiums are exempted under Scetion 80C of income tax.

•   Maturity sum is also tax exempted under Section 10(10D).

.   To Ensure the financial stability in future

•   High Bonus Attracting Plan

•   Premiums should be paid for less number of years than Maturity year

•   Ideal Plan for arranging Child's Education and Marriage

•   Option of various riders is also available. 

 

BENEFITS OF PLAN :

ON DEATH : Death benefit , defined as sum of sum assured ,vested simple reversionary bonuses , final additional bonus ,if any, shall be payable.

ON MATURITY : On maturity basic sum assured along with vested reversionary bonuses ,and final additional bonus , if any, shall be payable.

 

PLAN PARAMETERS

 Minimum Age at Entry

 8 Years (Completed)

 Maximum Age at Entry

 

 59 Years for 16 Year Term

 54 Years for 21 Year Term

 50 Years for 25 Year Term

 

 

 Premium Paying Mode

 Yearly, Half Yearly, Quarterly, Monthly

 Policy Term (Premium Payment Term)

 16(10), 21(15), 25(16)

 Basic Sum Assured

 2,00,000 and above (in multiple of 10,000)

 Premium Payment Mode rebate

 2% on yearly, 1% on Half Yearly, Nil on Quarterly & Monthly

 Rebate on High Sum Assured
(Per 1000 of Sum Assured)

 0% up to 4,90,000

 1.25% for 5,00,000 to 9,90,000

 1.50% for 10,00,000 to 14,90,000

 Loan

 After 3 years

 Surrender

 After 3 years of full premium payment 

 

 

 

 

 

 

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