LIC’s JEEVAN LABH PLAN | Table No 936

This is a limited premium, non-linked,with profits Endowment Plan.

Features & Conditions of JEEVAN LABH PLAN:

Minimum age at entry :8 years   lbd

Policy Term, PPT and Max. age at entry:

Term PPT Max Entry Age
16 years 10 years 59  nbd
21 years 15 years 54  nbd
25 years 16 years 50  nbd

Maximum Maturity Age: 75 yea rs nbd

Minimum S.A. : 2,00,000/- & in multiples of  10,000 thereafter.

Maximum S.A. : No limit

Available Riders: ADDB/AB Rider,   Term    Rider,   Critical illness Rider and PWB Rider up to age 25 of  child.

Mode of Payment: Yearly,Half Y ly,Qly &  Mly (SSS & NACH)

Mode Rebate:Yearly : 2%, Half Yly : 1%

High Basic S.A. Rebate:

  • Upto 4.90 lacs  : Nil
  • 5 lacs to 9.90 lacs    :  1.25 %0 Basic SA
  • 10 lacs to 14.90 lacs :  1.50 %0 Basic SA
  • 15 lacs & Above       :  1.75 %0 Basic SA

Grace Period: 15 Days for monthly mode and 30 days for other modes.

Claim Concessions: Available under Base Plan only. Not apply to Riders and Death due to Suicide.

Paid up/Surrender/Policy Loan: Available after payment of premium of 2 full years.

Revivals:Within 5 years of FUP. Back Dating:

Allowed with lean Month’s benefits.

Proposal Form:   300, 340 or  360

Tax Benefits :

  • On Premium : u/s 80C
  • Maturity/Death claim  :u/s  10( 10D)

DEATH BENEFIT: Sum Assured on Death + Vested Bonus + FAB if any.

MATURITY BENEFIT:  Basic Sum Assur ed + Vested Bonus + FAB if any.

 

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