UIN : 512N304V01
Product Summary:
LIC's Jeevan Labh is a limited premium paying, non-linked,
with-profits endowment plan which offers a combination of protection and
savings. This plan provides financial support for the family in case of
unfortunate death of the policyholder any time before maturity and a
lump sum amount at the time of maturity for the surviving policyholder.
This plan also takes care of liquidity needs through its loan facility.
Premium Payment Mode
Yly, Hly, Qly, Mly (ECS or SSS)
Mode Rebate:
- Yearly mode - 2% of Tabular Premium
- Half-yearly mode - 1% of Tabular premium
- Quarterly & Monthly - NIL
High Sum Assured Rebate:
- Basic Sum Assured (B.S.A) Rebate (Rs.)
- 2,00,000 to 4,90,000 - Nil
- 5,00,000 to 9,90,000 - 1.25 ‰ B.S.A.
- 10,00,000 to 14,90,000 - 1.50 ‰ B.S.A.
- 15,00,000 and above - 1.75 ‰ B.S.A.
Policy Term :
16 years, 21 years, 25 years
Premium Paying Term :
16/10, 21/15, 25/16
Minimum Entry Age :
8 years (completed)
Maximum Entry Age :
50/54/59 years for policy term 25/21/16 years
Maximum Maturity Age :
75 years (Nearer birthday)
Minimum Basic Sum Assured :
2,00,000
Maximum Basic Sum Assured :
No upper limit
Optional Rider LIC’s Accidental Death and Disability Benefit Rider, LIC's New Term Assurance Rider
Policy Benefits:
On Death :
sum of "Sum Assured on Death " and vested Simple Reversionary Bonuses and Final Additional bonus, if any. "Sum Assured on Death" is defined as the higher of 10 times of annualised premium or Absolute amount assured to be paid on death i.e. Basic Sum Assured. This death benefit shall not be less than 105% of all the premiums paid as on date of deathOn Maturity :
“Sum Assured on Maturity” equal to Basic Sum Assured, along with vested Simple Reversionary bonuses and Final Additional bonus, if any.Surrender Value :
The policy can be surrendered provided at least three full years’ premiums have been paidPolicy Loan :
Loan can be availed under the policy after payment of premiums for at least 3 full years.
Taxes
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