LIC Jeevan Labh is one of the best plans available in the basket of plans from Life Insurance Corporation of India. It offers high returns with an option to pay a premium for a limited period without the need to pay premiums for the entire term or till maturity
Policy term of 16 years, 21 years, and 25 years. Premium paying term of 10 years, 15 years & 16 years depending upon the policy term.
LIC Jeevan Labh Plan is Non-Linked, participating, Individual, Life Assurance Savings Plan which 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.
Benefits :
Where Sum assured on maturity is equal to Basic Sum Assured.
On Survival to the end of the policy term provided all due premiums have been paid.
Payable in Lump Sum or as per Settlement Option exercised