LIC Policy: Life Insurance Corporation ie LIC has some scheme for every age person, which can be taken advantage of. LIC has many special schemes. One of these is LIC Jeevan Labh Plan, which benefits on savings and also provides security. In the event of any unfortunate event, LIC Jeevan Labh provides financial support not only to the family of the insured but also to the life of the insured.
Maximum returns will be available in this scheme. Cost cutting will also be available and this is the best option to get insurance coverage.
What are the major benefits of the scheme
- For a short period of time, customers will have to pay a premium to avail long term protection.
- Policyholders can make use of the loan facilities of this plan.
- The plan gives the participants the option of receiving the death and maturity benefits over a period of 5, 10, or 15 years.
- Premium waiver is available if the sum assured is Rs 5 lakh or more.
Customers will get these benefits
- monetary help on death
- maturity benefit
- tax benefit
How to get 54 lakhs of Rs 7,572
The minimum age for taking the policy is 18 years and the maximum is 59 years. Anyone in the age group of 18 to 59 years can invest in LIC Jeevan Labh policy for premium payment terms of 10, 15 and 16 years.
For example, if a subscriber enrolls in Jeevan Labh at the age of 25, he/she needs to invest Rs 7,572 per month or Rs 252 per day. In this case, you will have to pay an annual premium of Rs 90,867. You have to choose a sum assured of Rs 20 lakhs for Rs 54 lakhs. On completion of maturity, the policy holder will get an amount of Rs 54 lakh.
