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.
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
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)
