LIC Policy: LIC’s one policy, LIC Jeevan Labh plan, is proving to be a better option for those who are thinking of securing their children’s future. LIC, India’s number one insurance company, is making people rich by offering the best policies.
LIC Jeevan Labh plan: The biggest advantage of LIC Jeevan Labh Policy is that your money is safe and you can expect better returns. Additionally, the policy provides a death benefit, where the family members of the policyholder receive 105% of the policy benefits in case of the policyholder’s demise.
LIC Jeevan Labh Plan Basic Endowment Plan: LIC’s Jeevan Labh Policy is a Basic Endowment Plan, meaning you can invest in this policy for a limited time. Apart from the maturity benefit, the policy offers various benefits. The policy was introduced in 2020 and has gained popularity among the people. There is no maximum investment limit specified for this policy.
Important information:
LIC Jeevan Labh plan ★How much to invest: According to LIC, policyholders can invest up to 2 lakhs in LIC Jeevan Labh Insurance. The maximum investment limit is not fixed, and the age range for policyholders is from 8 to 59 years. This policy provides both death cover and policy insurance, ensuring savings and safety.
LIC Jeevan Labh plan ★Maturity time: You can invest in LIC Jeevan Labh Insurance for 16 years, 21 years, or 25 years. The maximum maturity age for this policy is 75 years. Premium payments can be made monthly, quarterly, or annually. By investing ₹253 per day or ₹7700 monthly in this policy, you can receive a maturity benefit of ₹54 lakh after 25 years.
In conclusion, LIC Jeevan Labh is a great option to consider when choosing a policy. Take the time to evaluate this policy before making a decision.
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Summary at glance
LIC Jeevan Labh is a policy offered by LIC, the number one insurance company in India. This policy provides a safe investment option with good returns and a death benefit. It is a Basic Endowment Plan, meaning it has a limited investment period and offers maturity benefits. There is no maximum investment limit, and policyholders between 8 and 59 years can take advantage of this policy. The policy can be taken for 16, 21, or 25 years, with a maximum maturity age of 75 years. Premiums can be paid monthly, quarterly, or annually. By investing ₹253 per day or ₹7700 monthly in this policy, policyholders can receive a maturity benefit of ₹54 lakh after 25 years. LIC Jeevan Labh is a recommended policy option to consider.
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