LIC Jeevan Labh is a reliable policy that offers both savings and protection, making it an ideal choice for individuals seeking financial security.
Unlike other plans, LIC Jeevan Labh is not dependent on the stock market, ensuring stability for policyholders.
In the unfortunate event of any mishap, the policy also extends financial assistance to the insured’s family.
Key Features of LIC Jeevan Labh
1) Short-term Premium Payments for Long-term Protection: Customers can avail long-term protection by paying premiums for a shorter duration, making it convenient and affordable.
2) Loan Facilities: Policyholders can take advantage of loan facilities provided by this plan, offering flexibility in managing their financial needs.
3) Flexible Benefit Options: Participants have the flexibility to choose between receiving death and maturity benefits over a period of 5, 10, or 15 years, allowing them to align the policy with their specific requirements.
4) Premium Waiver: If the sum assured is Rs.5 lakh or more, premium waiver benefits are available, ensuring financial security even in challenging circumstances.
Benefits of LIC Jeevan Labh
1) Death Benefit: In the unfortunate event of the insured’s demise, LIC Jeevan Labh provides a death benefit to the nominee, offering financial support during difficult times.
2) Maturity Benefit: Upon maturity of the policy, policyholders are entitled to receive maturity benefits, providing a substantial amount for their financial goals.
3) Tax Benefits: LIC Jeevan Labh offers tax benefits, allowing policyholders to save on taxes while securing their future.
How to get Rs. 54 Lakhs in Maturity?
To avail the LIC Jeevan Labh Policy, individuals must be between 18 and 59 years of age.
For instance, if a person enrolls in Jeevan Labh at the age of 25, they will need to invest Rs. 7,572 per month or Rs. 252 per day, and upon maturity, they will receive Rs. 54 lakhs.
For achieving this amount, one must choose a sum assured of Rs. 20 lakhs by paying an annual premium of Rs. 90,867.
By choosing the LIC Jeevan Labh Policy, individuals can secure their financial future while enjoying the benefits of savings and protection.
