Life Insurance Corporation of India's Jeevan Labha Policy Benefit-plan no-936

                                  
    LIC Jeevan Labh is a life insurance plan offered by the Life Insurance Corporation of India (LIC). It is a traditional, participating, non-linked life insurance plan that provides financial protection to policyholders and their families in the event of death. The plan also offers bonuses to policyholders over the term of the policy, which can increase the sum assured and provide additional financial security.

Some of the key features of LIC Jeevan Labh include:

Death Benefit: The nominee of the policyholder will receive the sum assured in the event of the policyholder's death during the policy term.

Maturity Benefit: If the policyholder survives the policy term, they will receive the sum assured along with bonuses declared by LIC.

Bonus: The plan offers annual and terminal bonuses that can increase the sum assured and provide additional financial security.

Flexibility: Policyholders can choose the sum assured and policy term that best suits their needs and financial situation.

Tax Benefits: Policyholders can avail of tax benefits on the premium paid and the death benefit received under the plan as per the prevailing tax laws.

In addition to the above, here are a few more points to consider when evaluating LIC Jeevan Labh:

Policy Term: The policy term for LIC Jeevan Labh ranges from 16 to 35 years, giving policyholders a range of options to choose from.

Premium Payment Options: Policyholders have the option to choose the premium payment frequency that suits their needs, such as annually, half-yearly, quarterly, or monthly.

Loan Facility: Policyholders can avail of a loan against the policy after it has acquired a surrender value.

Surrender Value: If a policyholder decides to surrender their policy if you are considering purchasing a life insurance plan, it's important to carefully review the features and benefits of each plan to determine which one is right for you. It is recommended to consult a financial advisor or an insurance agent to help you understand the details of the plan and determine if it is suitable for your needs.

                                  

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  LIC Jeevan Labha is a participating traditional life insurance plan offered by the Life Insurance Corporation of India (LIC). The policy provides both insurance coverage and maturity benefits to the policyholder.

   Upon maturity of the policy, the policyholder is eligible to receive the maturity benefit, which is the sum of the reversionary bonuses and terminal bonus (if any) accrued on the policy, along with the basic sum assured. The maturity benefit is payable to the policyholder on the completion of the policy term.

   It's important to note that the maturity benefit is payable only if all due premiums have been paid up until the maturity date. The exact amount of the maturity benefit will depend on various factors such as the policy term, premium paying term, sum assured, and the performance of the insurance company's investment portfolio.

   It's advisable to consult with a LIC agent or the LIC customer service center to get a clear understanding of the benefits that you would be eligible to receive upon maturity of your Jeevan Labha policy.

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