Lic Jeevan Labh Plan (Plan No. 936)

LIC’s Jeevan Labh Plan (936) is a limited premium paying, non-linked, with-profits Endowment Assurance plan

.• Minimum Basic Sum Assured: Rs. 2,00,000/-

Maximum Basic Sum Assured: No Limit
Minimum Policy Term: 16 Year OR 21 Year OR 25 Year
Premium Paying Term: For Term 16 Year PPT 10 year , For Term 21 Year PPT 15 Year , For Term 25 Year PPT 16 year
Minimum Entry Age: 8 years (completed)
Maximum Entry Age: 59 years (nearer birthday)
Maximum Age at Maturity for Life Assured: 75 years
Mode of Premium Payment: Yearly, half-yearly, quarterly & monthly
Accidental Death & Disability Benefit Rider is available on payment of additional premium.

Example –

To,

Mr/Mrs/Ms Name : XYZ

Plan : Jeevan Labh (936)

Age :8

Term :16

P.P.T. :10

Death Sum Assured :300000

Basic Sum Assured :300000

1st year Premium With TAX 4.5% :

Yearly : 26053 (24931 + 1122)

Halfly : 13160 (12593 + 567)

Quarterly : 6646 (6360 + 286)

Monthly(ECS) : 2215 (2120 + 95)

YLY Mode Average Prem/Day : 71

After 1st year Premium With TAX 2.25% :

Yearly : 25492 (24931 + 561)

Halfly : 12876 (12593 + 283)

Quarterly : 6503 (6360 + 143)

Monthly(ECS) : 2168 (2120 + 48)

YLY Mode Average Prem/Day : 69

Total Approximate Paid Premium : 255481

Approximate Return at Maturity Time :

S.A. : 300000

Bonus : 192000

F.A.B. : 7500

Total Approximate Paid Premium : 255481

Total Approximate Return : 499500

Total Rahul को 499500रुपए मिलेंगे |

On Death: “Sum Assured + Vested Bonus + FAB if any.”
• Where ‘S.A. on Death’ is defined as the higher of
i. 10 times of Anualized Premium, OR
ii. 105%of all Premiums paid as on death
On Survival : On survival Basic Sum Assured + Vested Bonus + FAB if any.
Surrendered Value: The Policy can be surrendered at any time during the policy term provided atleast 3 full years premiums have been paid.
Loan : Loan Facillity is available under this plan, after payment of premiums for at least 3 full years.
Income Tax Benefit: Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).