LIC Jeevan Labh Reviews – Key Features & Benefits of Jeevan Labh (Plan No. 936, UIN No. 512N304V02)

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LIC Jeevan Labh Reviews: It  is a limited premium paying, non-linked, with-profits endowment plan which offers a combination of protection and savings. LIC Jeevan Labh was launched on 22nd December 2015. This plan comes with various benefits to serve its customers. In case of unfortunate death of the policyholder during the policy term,  the nominee will get the death benefit.

LIC Jeevan Labh is a endowment plan where you need to pay premiums for a limited of time and at the end of the policy tenure, you will received the maturity benefits. It also provides financial assistance to the family the needful in case of unfortunate death of the policyholder. This scheme also takes care of liquidity needs through its loan facility.

LIC Jeevan Labh Key Features

Plan Type Premium Paying, Non-linked, with-profits Endowment Plan
Plan Basic Individual
Policy Term 16 Years (10 Years PPT), 21 Years (15 Years PPT), 25 Years (16 Years PPT)
Policy Coverage Maturity Benefit, Death Benefit
Basic Sum Assured Minimum – 2 Lakh & Maximum – No Limit

LIC Jeevan Labh Benefits

In LIC Jeevan Labh Reviews, we have learned that it is a endowment plan that provides Maturity Benefit, Death Benefit. Here is the a host of benefits of LIC Jeevan Labh plan as mentioned below –

1. Death Benefits:- In case of unfortunate death of the policyholder, the nominee will get the following benefits –

  • Sum Assured on death.
  • 7 times the annualized premium
  • Simple Reversionary Bonuses (If any)
  • Final Additional bonus (If any)

2. Maturity Benefit: – When the policyholder survives the policy term, the policyholders will get the following benefits –

  • Sum Assured on maturity.
  • Simple Reversionary Bonuses (If any)
  •  Final Additional bonus (If any)

READ ALSO:- LIC Jeevan Shanti Plan

LIC Jeevan Labh Reviews: Eligibility

Mentioned below are some eligibility criteria for LIC Jeevan Labh –

  • Applicant must be an Indian citizen.
  • The minimum sum assured is Rs.2 lakhs.
  • The minimum entry age is 8 years (completed).

 LIC Jeevan Labh 936 Premium

Age Policy Tenure (Premium Paying Tenure)
  16 (10) 21 (15) 25 (16)
20 16,699 /- 10, 682/- 9,006/-
30 16,758/- 10,770 /- 9,134/-
40 17,013/- 11,133/- 9,584/-
50 17,826/- 12,123 /- 10,741/-
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