LIC Jeevan Labh plan 836 is a limited premium paying, non-market- linked with profit plan.
Jeevan Labh plan during death or maturity offers protection & benefit in the form of sum assured plus simple reversionary bonuses and final bonus, if any, payable to the nominee or policyholder. This plan gives the policy holder a kind of flexibility to pay premium during his best earning years and get best benefits at the maturity.
Premium Payment Mode: Yearly, Halfly, Quarterly, Monthly(ECS)
16 Year
21 Year
25 Year
P.P.T.
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 : 75 Year
Minimum Sum Assured : 2,00,000
Maximum Sum Assured : NO LIMIT (Depending upon Income)
Maximum Accidental Death and Disability Benefit Rider up to age 70.
Policy Benefits :
On Death :
Basic Sum-Assured,OR
10 times of Annualized Premium, OR
105%of all Premiums paid as on death,
WHICHEVER IS HIGHER.
On Survival :
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 at least three full years premiums have been paid.
Loan :Loan Facility 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).
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