- LIC's Jeevan Labh is a Limited Premium Payment Endowment Insurance Plan.
- The Main Feature of this plan is, the payment of premiums is limited to a term shorter than the policy (Limited Premium Payment -LPP). The maturity amount is payable at the end of the policy term, or on the death of the policy holder whichever is earlier.
- Maturity Benefit under Jeevan Labh : Sum Assured + Bonus + Final Additional Bonus (As applicable).
- Death Benefit under Jeevan Labh : The policyholder's nominee will receive,
Sum Assured + Bonus + Final Additional Bonus (As applicable).
- Optional riders like Term insurance rider (TR) & ADADB (Accidental Death And Disability Benefit ) are available.
- Loan facility is available under this plan, after payment of premiums for at least 3 full years subject to conditions:
Maximum loan for inforce policy-90% of surrender value and for paid up policies 80% of surrender value.
|Term/PPT||16/10, 21/15, 25/16|
|Modes||Yearly, Half Yearly, Quarterly, Monthly (SSS or ECS)|
|Yearly Premium For 1000000 Sum Assured|