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Plan No. 936
  • Jeevan Labh is a life assurance savings plan with limited payment option.
  • This is ideal plan for those who want to pay the premium for a shorter period
  • The risk coverage under this plan enhances every year as LIC declared the bonuses. However, the premium does not change
  • The customer gets the tax-free maturity under this plan which includes the bonus also along with Sum Assured
  • This plan has an option of choosing the Accidental Life cover, Disability Benefit & Critical illness cover
  • In case of a minor, this plan also has the premium waiver benefit in case of death of the parent
  • This plan also has the option of taking the Maturity proceeds in instalments as the policy-holder can choose the no of year as 5, 10 or 15.
  • In a similar way, the policyholder also has the option of choosing the death benefit in instalments
  • LIC also offer the discount in the premium in case the mode of payment is Yearly.
  • The loan is also available to the policyholder after the completion of 2 years of the policy
  • Settlement option avilable on Maturity and Death in Installments of 5,10 or 15 Years
How Does This Policy Work
Sample illustration
Eligibility Criteria
Min. Max.
Age 8 Years (Completed) 59 Years for Policy Term = 16
54 Years for Policy Term = 21
50 Years for Policy Term = 25
Policy Term 16 Years 21 Years 25 Years
Premium Payment Term 10 Years 15 Years 16 Years
Basic Sum Assured Rs.2 Lacs No Limit
Maximum Maturity Age 75 Years (Nearer Birthday)
Rider LICís NEW CRITICAL ILLNESS BENEFIT RIDER(CIR)
Rider LIC's ACCIDENTAL DEATH AND DISABILITY BENEFIT RIDER
Rider LlC's ACCIDENT BENEFIT RIDER
Rider LICís PREMIUM WAIVER BENEFIT RIDER (PWB) - If life assured is Minor
Rider LIC's NEW TERM ASSURANCE RIDER (TR)
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