Plan No. 836
- LIC''s Jeevan Labh is a Limited Premium Payment Endowment Insurance Plan.
- The Main Feature of this plan is, the payment of premiums is limited to a term shorter than the policy (Limited Premium Payment -LPP). The maturity amount is payable at the end of the policy term, or on the death of the policy holder whichever is earlier.
- Maturity Benefit under Jeevan Labh : Sum Assured + Bonus + Final Additional Bonus (As applicable).
- Death Benefit under Jeevan Labh : The policyholder''s nominee will receive,
Sum Assured + Bonus + Final Additional Bonus (As applicable). - Optional riders like Term insurance rider (TR) & ADADB (Accidental Death And Disability Benefit ) are available.
- Loan facility is available under this plan, after payment of premiums for at least 3 full years subject to conditions:
Maximum loan for inforce policy-90% of surrender value and for paid up policies 80% of surrender value.
| Eligibility Criteria | |||
|---|---|---|---|
| Min. | Max. | ||
| Age | 8 | 59 | |
| Term/PPT | 16/10, 21/15, 25/16 | ||
| Sum | 2,00,000 | No Limit | |
| Modes | Yearly, Half Yearly, Quarterly, Monthly (SSS or ECS) | ||
| Yearly Premium For 1000000 Sum Assured | |||
|---|---|---|---|
| Age | 16/10 | 21/15 | 25/16 |
| 16 | 81898 | 51812 | 43384 |
| 25 | 82094 | 52057 | 43727 |
| 40 | 83564 | 54164 | 46422 |
| 55 | 90914 | - | - |
