LIC Jeevan Labh Insurance Policy: LIC has more than one insurance plan. By investing a little money in many plans, a huge amount can be obtained later. Today we are telling you about one such insurance plan.
The name of this insurance plan of LIC is LIC Jeevan Labh. The benefits of both safety and savings are available in this insurance policy. After investing in this insurance policy, you get a lump sum amount later.
If Rs 7,246 is deposited every month in this insurance policy of LIC, then later Rs 54 lakh can be found together. It is a limited premium paying and non-linked insurance plan. Apart from this, if the policyholder dies after taking the insurance, then his family is given financial assistance.
In LIC Jeevan Labh, if anyone wants, he can also deposit more or less premium. Apart from this, the number of years of insurance to be taken in this can also be selected. That is, many facilities are available while taking insurance.
The minimum age for taking insurance in LIC Jeevan Labh is 18 years and the maximum age is 59 years. That is, people between this age can take advantage of this insurance.
Suppose a 25 year old person buys LIC Jeevan Labh policy for Rs 20 lakh for 25 years. In this case, he will have to deposit around Rs 20 lakh as premium. Here the annual premium will have to be paid around Rs 86,954 or around Rs 238 daily. Thus, at the maturity of the scheme at the age of 50 years, the total maturity value of the policy will be Rs.54.50 lakhs.
The minimum basic sum assured under this insurance policy is Rs 2 lakh. There is no limit on the maximum sum insured. For 16 years policy, the minimum age of the policyholder should be between 18 years and maximum age of 59 years. The maximum age for a policy of 21 years is 54 years and for a policy of 25 years the maximum age is 50 years.