LIC Jeevan Labh (836)

LIC Jeevan Labh (836) plan is a limited premium paying, non-linked, with-profits Endowment Assurance plan of LIC.

Below are some of the additional details of this plan. To get more information, contact us using the "Contact Form" option on this blog.

Premium Payment Mode:
Yearly, Half yearly, Quarterly, Monthly(ECS)

Term :
16 Years /21 Years /25 Years

Premium Paying Term (PPT):
For Term 16 Years, PPT 10 Years
For Term 21 Years, PPT 15 Years
For Term 25 Years, PPT 16 Years

Minimum Entry Age :
8 Year Completed

Maximum Entry Age :
59 Year (Nearest Birthday)

Maximum Maturity Age :
75 Year

Minimum Sum Assured :
2,00,000

Maximum Sum Assured :
NO LIMIT (Depending upon Income)

Maximum Accidental Death and Disability Benefit Rider up to age 70.

Policy Benefits :
On Death :
Basic Sum-Assured, OR 10 times of Annualized Premium, OR 105% of all the Premiums paid as on death, whichever is higher.

On Survival :
On survival Basic Sum-Assured + Reversionary Bonus + Final Additional Bonus.

Surrender Value :
The Policy can be surrendered at any time during the policy term provided at least three full years premiums have been paid.

Loan :
Loan Facility is available under this plan, after payment of premiums for at least 3 full years.

Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).