LIC’s Jeevan Labh Plan (836) is a limited premium paying, non-linked, with-profits Endowment Assurance plan.
Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(ECS)
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 Year Completed
Maximum Entry Age :
59 Year (Nearest Birthday)
Maximum Maturity Age :
Minimum Sum Assured :
Maximum Sum Assured :
NO LIMIT (Depending upon Income)
Maximum Accidental Death and Disability Benefit Rider up to age 70.
Policy Benefits :
On Death :
10 times of Annualized Premium, OR
105%of all Premiums paid as on death,
WHICHEVER IS HIGHER.
On Survival :
On survival Basic Sum-Assured + Reversionary Bonus+ Final Additional Bonus.
Surrendered Value :
The Policy can be surrendered at any time during the policy term provided atleast three full years premiums have been paid.
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).