Secure your future with LIC’s Jeevan Labh policy, deposit Rs 251 per day to get Rs 20 lakh

This policy is a limited premium paying plan that offers protection and savings. This is a non linked scheme. There are many benefits of this plan of LIC.

The premium paying term for this policy ranges from 10 to 16 years.

Secure your future with Jeevan Labh policy from Life Insurance Corporation of India (LIC), the country’s largest insurance company. Under this policy, if you deposit only Rs 251.7 per day in a few years, then you get a return of Rs 20 lakh. This policy is a limited premium paying plan that offers protection and savings. This is a non linked scheme.

There are many benefits of this plan of LIC. In this you can get a good return with less investment. Financial assistance is also given to the family under this policy in case of unfortunate death of a person before maturity. By purchasing the policy, you will get both savings and protection. Only people between 8 and 59 years of age can buy this scheme. That is, this policy can also be taken for a minor. This policy can be taken for a policy term of 16 to 25 years.

Features of LIC Jeevan Labh Policy-

>> Minimum Sum Assured is Rs.2 Lakhs. There is no maximum investment limit.
>> The policy term of this policy is between 16 to 25 years.
>> The premium paying term for this policy is from 10 to 16 years.
>> People below 8 years of age can buy this policy. The maximum age of entry in this policy is 59 years.
>> You can pay premium regularly on monthly, quarterly, half-yearly and yearly basis.
>> Grace Period- A grace period of 15 days is allowed if you pay the monthly premium.
>> A period of 30 days is allowed for quarterly, half-yearly and annual payments.
>> You also get tax exemption on premium.
>> If the policyholder dies during the policy term, Sum Assured is paid to the nominee.
The nominee gets the bonus as well as the benefit of the sum assured.
>> In this you are also given the facility of loan. You can avail the facility of this loan by paying the premium for at least 3 years.
>> You also get tax exemption on premium.

How to get 20 lakh rupees?

If a person buys the policy at the age of 20 years and pays Rs 251.7 daily for 16 years, then he will get Rs 20 lakh at the age of 45 years.

LIC is giving edge to its business before bringing IPO. In view of the good performance of the stock market, the company is preparing to increase the business of Unit Linked Plan ie ULIP. LIC currently has only 3 ULIP plans and only 3 health plans. There are 11 endowment and 9 money back plans.

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