Invest and Prosper: Benefits of LIC Jeevan Labh Policy

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Jeevan Labh Plan

LIC’s Jeevan Labh Plan is a life insurance that offers non-liquid benefits. Image credits: social media

Premiums

Under LIC’s Jeevan Labh Plan, premiums need to be paid for a specified time frame. It offers benefits upon the maturity of the insurance. Image credits: social media

Introduced in 2020

LIC Jeevan Labh Plan was introduced in 2020, offering a minimum sum assured of Rs 2 lakh with no fixed maximum limit. Image credits: social media

Insurance

The policyholder receives assured sum upon maturity, and insurance coverage in the event of their death. Image credits: social media

Policy for

The Jeevan Labh Plan can be purchased for people aged between 8 years and 59 years. Image credits: social media

Policy terms

The policy is offered for terms of 16 years, 21 years, and 25 years. The policy has a maximum maturity of 75 years. Image credits: social media

Rs 54 lakh after 25 years

If you invest Rs 253 daily (or Rs 7700 monthly), you will receive Rs 54 lakh after 25 years. The premiums can be paid monthly, quarterly, half-yearly, and annually. Image credits: social media Find Next One