LIC sometimes offers various types of best plans to its customers. In such a situation, if you want to become rich through safe investments, then this LIC policy is for you. By depositing just Rs 233 per month in LIC Jeevan Labh plan, you can get a fund of Rs 17 lakh.
This is a separate policy called Jeevan Labh (LIC Jeevan Labh, 936). Consequently, this policy has nothing to do with the stock market. Whether the market rises or falls, it does not affect your money. In other words, your money is completely safe in this plan. This is a premium plan with a time limit. This scheme was made keeping in mind the marriage, education and purchase of property of children. Also read: 1 lakh rupees can be found on this old 50 paise coin, do it like this
1. LIC’s Jeevan Labh plan feature policy offers both benefits and protection.
2. People in the age group of 8 to 59 years can easily take this policy.
3. The policy term can be taken from 16 to 25 years.
4. A minimum sum assured of Rs 2 lakh has to be taken.
5. There is no limit on the maximum amount.
6. Loan facility is also available on payment of 3 years premium.
7. Tax exemption on premium and on the death of the policy holder, the nominee gets the benefit of Sum Assured and Bonus.
Policy holder will get death benefit
If the policyholder dies during the policy term and has paid all premiums till death, his nominee receives Death Sum Assured, Simple Reversionary Bonus and Final Additional Bonus as death benefit. In other words, the nominee will receive an additional sum assured.