highlights
This is an unlinked premium cap plan.
Any citizen between the ages of 8 and 59 can invest.
The death benefit is considered the biggest asset of this policy.
New Delhi. Life Insurance Corporation of India (LIC) offers many beneficial programs to its customers. In which there is a policy for people of all ages. One of them is the LIC Jeevan Labh policy. LIC Jeevan Labh offers the benefits of security and savings. After investing in this system, you receive a lump sum at the time of maturity. With this policy, you only need to save 7,572 each month. And you can add 54 lakh rupees for your future. This is an unlinked premium cap plan.
It provides financial support to the family in the event of the policyholder’s death. In addition, the policyholder gets a lot of money if they survive to maturity. Under this arrangement, investors have the right to choose the amount and duration of the bonus according to their wishes. Tell us in detail about the LIC Jeevan Labh Scheme….
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LIC Jeevan Benefit: Calculator
The minimum age for taking out the policy is 18 years, the maximum age is 59 years. For example, if a person takes out a Jeevan Labh policy at the age of 25, they will have to invest Rs 7,572 per month or Rs 252 per day. This means that 90,867 rupees are deposited annually. He will deposit about 20 lakh rupees. At the end of the term, the policyholder will receive an amount of 54 lakh rupees. Investing in LIC’s Life Benefit gives you the benefit of the Reversionary Bonus and the Final Additional Bonus when due.
Features of LIC Jeevan Labh Policy
Any citizen between the ages of 8 and 59 can invest under this program. Under this policy, policyholders can deposit money for 10, 13, and 16 years, which is paid out at maturity between 16 and 25 years. A person aged 59 can choose an insurance policy for 16 years, so their age does not exceed 75 years.
The biggest asset of the policy
If the policyholder dies for any reason during the life of the policy, the nominee receives his benefit. In addition to the premium, the insurance company also grants the nominee the sum insured. The death benefit is considered the biggest asset of this policy. The sum insured is paid back on the death of the policyholder, provided the policy has not been canceled and all premiums have been paid.
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Keywords: Business news in Hindi, LIC Retirement Policy, LIC pension scheme
FIRST RELEASED : May 16, 2023 2:22 PM IST
