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LIC' s Jeevan Labh (Plan-836)

LIC's Jeevan Labh Plan (836) is a limited premium paying, non-linked, with-profits Endowment Assurance plan.
Premium payment be made Monthly (by ECS), Quarterly, Hallf yearly and Yearly as suits you better.

Term: 16, 21 & 25.

Premium Paying Term: 10, 15 & 16.

Entry Age: Minimum 8 years and maximum 59 years.

Minimum Sum can be Assured Rs.2,00,000/-

Accidental Death & Disability Benefit Rider available upto age 70.

Policy Benefits :

On Death :

Provided all due premiums have been paid, the following death benefit shall be paid:
• Sum Assured or 10 times of Anualisec premium  whichever is higher.

On Survival :

Basic Sum Assured + Vested Bonus + Final Additional Bonus (Loyalty)

Surrendered Value :

The policy can be surrendered after at least three full years premiums have been paid.

Loan :

Loan Facility is available after payment of premiums for at least 3 full years.

Income Tax Benefit :

• Premium paid under this plan is eligible for deduction under section 80C of Income Tax Act, 1961.

• Maturity under this plan is free under section 10(10D) of Income Tax Act, 1961.

For more details............