Endowment (Participating)

LIC Jeevan Labh (Plan No. 836)

A Limited Premium Paying, Non-Linked, With-Profits Endowment Plan offering a dual benefit of financial protection and guaranteed savings over a chosen term.

Age: 8 years (Completed) - 59 years (for 16-year term)
Term: 16, 21, or 25 years
Sum Assured: ₹2,00,000 - No Upper Limit (Subject to Underwriting)
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LIC Jeevan Labh (Plan No. 836)
About This Policy

LIC Jeevan Labh is a limited premium paying, non-linked, with-profits endowment plan that provides both protection and savings. The unique feature of this plan is that you pay premiums for a limited period (10, 15, or 16 years) but enjoy coverage for the entire policy term (16, 21, or 25 years). This makes it an ideal choice for those who want to complete their premium payments early while maintaining long-term coverage.

Key Features
Limited Premium Payment Term (PPT: 10, 15, or 16 years)
Death & Maturity Benefits
Guaranteed Maturity with Bonuses
Tax-Exempt Benefits (Sec 80C & 10(10D))
Policy Loan Facility Available
Non-Linked, Low-Risk Investment

Policy Benefits

Death Benefit

Sum Assured + Accrued Bonuses + Final Additional Bonus

Maturity Benefit

Sum Assured + Accrued Bonuses + Final Additional Bonus

Survival Benefit

Not applicable

Tax Benefits

Premium paid eligible for deduction under Sec 80C. Maturity/Death benefit tax-free under Sec 10(10D)

Quick Information

PremiumLimited Pay - Varies by Sum Assured and Age
Policy Term16, 21, or 25 years
Age Range8 years (Completed) - 59 years (for 16-year term)
Sum Assured₹2,00,000 - No Upper Limit (Subject to Underwriting)
BonusSimple Reversionary Bonus

Eligibility

Minimum Age:
8 years (completed)
Maximum Age:
59 years (for 16-year term), 54 years (for 21-year term), 49 years (for 25-year term)
Minimum Sum Assured:
₹2,00,000
Maximum Sum Assured:
No upper limit (subject to underwriting)
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LIC Jeevan Labh (Plan No. 836) - LIC Insurance Policy | Pralay Kumar Srivastava