LIC’s Jeevan Labh – 936

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LIFE INSURANCE COVER
POLICY VALUE (Sum Assured)
AWESOME PLAN BENEFITS FOR YOU Amount
1. Guaranteed Sum Assured lic bonus
2. Bonus + FAB lic bonus +
BENEFIT 1: Maturity Returns on th year = 1 + 2 (TAX FREE) lics jeevan anand 915
BENEFIT 2 :Aproximate Loan availability after 3 years loan on lic policy
BENEFITS FOR NOMINEE / FAMILY AFTER YOU Amount
On death before plan maturity (th year) :
1. On death before maturity: Guaranteed life insurance lic bonus
2. If accidental death: DAB paid lic bonus
3. As on death bonus paid: Accumulated Bonus+ FAB Buy lic plan online +
Total payable to nominee = 1 + 2 + 3 (Tax Free): Lic Maturity Amount
*Note: Bonus and Final Additional Bonus (FAB) are calculated till the policy maturity term. Simple Reversionary Bonuses are considered not more than Rs.65 per thousand to calculate returns for illustration and actual bonus will be declared by LIC in future.
Death benefits illustration is calculated assuming death of life assured occurs before a year of maturity.
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    • YEARLY

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    • HALF YEARLY

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      • DAB Premium
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Note:For Monthly mode of premium payment, 2 months premium have to be paid initially. eNACH (Auto deduction from your bank) setup is mandatory.
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lic premium payment options Why you should buy LIC plans?   LIC is the only Life Insurance Company in INDIA where Sum Assured and Bonuses declared are GUARANTEED BY THE GOVT OF INDIA. (refer Section 37 LIC ACT 1956)

LIC Jeevan Labh Online

Most popular Life Insurance and Tax Saving plan in INDIA.

Benefits / USP of LIC Jeevan Labh Online

a) Short term premium payment : LIC Jeevan Labh offers peace of mind by offering to choose from 3 premium paying terms. You can choose to pay the premium for 10/15 or 16 years.
b) Maturity benefit : Maturity in Jeevan Labh is given after a few years after premium payment stops. In 10 years premium paying policy, you get maturity returns at 15 years. In 15 years at 21 years and 16 years policy at 25 years. Policyholders enjoy life cover until maturity without any premium payment.
c) Tax benefit : Jeevan Labh helps you reduce your taxable income by investing up to Rs.1.5 lakh under Section 80C.
The claims or maturity amountreceived is also tax free under 10(10D)
d) Riders : You can choose from a variety of Riders. Accidental Rider is most commonly opted. For a nominal premium, get double your Basic Sum Assured

Eligibility Conditions for LIC Jeevan Labh Online

a) Minimum Basic Sum Assured : Rs. 2,00,000
b) Maximum Basic Sum Assured : No limit
c) Policy Term : 16, 21 and 25 years
d) Premium Paying Term :

10 years for 16 years Term
15 years for 21 years Term
16 years for 25 years Term

e) Minimum Age at entry : 8 Years Completed
f) Maximum Age at Entry : 59 years for 16 years Term
54 years for 21 years Term
50 years for 25 years Term
g) Maximum Age at Maturity : 75 years

FAQs about LIC Jeevan Labh Online

Who can buy LIC Jeevan Labh?

LIC Jeevan Labh, as the name suggests offers higher returns compared to other plans. If you are looking for a good investment cum insurance plan, with short term premium payment, then LIC Jeevan Labh is the plan for you. Best suited plans for Software Engineers, Doctors, professionals and self Employed etc..

Do I pay the premium Monthly or Annually?

LIC premiums can be paid Yearly, Half yearly, Quarterly or Monthly. Yearly premium offers 2% discout, Half-yearly premium offers 1% discount. If you opt for Monthly premiums, NEFT will be set up, where in the Premium will be deducted from your bank account on the chosen date every Month.

How can I save Income Tax with this plan?

All premiums paid towards your LIC Jeevan Labh policy is considered for Income Tax savingunder Sec 80c of Income tax act. You can invest upto Rs.1,50,000 under 80c and save tax upto Rs.46,800 every year.

When is the best time to start investing in LIC Jeevan Labh?

Now is the best time!! Ideally one should start with tax saving LIC Jeevan Labh policy as soon as possible. The younger you start your policy, the better benefits - Lower premium, Higher life cover, long term corpus building for retirement,Save Tax from the start, disciplined savings habit from an early age. Also adequate life cover to start with.

When should I start LIC Jeevan Labh in the Finanical Year for Tax Saving?

Any premiums paid between 1st April to 31st March is considered for tax saving for that financial year. If opting for Yearly premium payment mode, you can start the policy whenever convenient. If you are choosing other modes, then to save tax for the whole year, you can use the Date Backing option. You can contact us for further information on this.

Are the maturity benefits or returns from LIC Jeevan Labh Tax free?

All returns or proceeds including bonus, sum assured or surrender value from LIC Jeevan Labh endowment plan are Tax free under Income Tax Act 10(10D)

The premiums can be paid Yearly, Halfyearly, Quaterly or Monthly.

Policyholder can avail loan on policy after 3 successful years of premium payment.

Your LIC policy bond will be issued after acceptance of your online proposal.

Bonus added to your policy at the end of every financial year and paid on maturity along with sum assured.

Why buy LIC Jeevan Labh Online?

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