JEEVAN LABH(836)




PRODUCT SUMMARY:-
Jeevan labh (836) is a limited premium paying, non-linked, with-profits Endowment Assurance plan.

PREMIUM PAYING MODE:-
Yearly, Half yearly, Quarterly, Monthly(ECS)

TERM:-
16 Year
21 Year
25 Year

PREMIUM PAYING TERM:-
For term 16 years ppt 10 years
For term 21 years ppt 15 years
For term 25 years ppt 16 years

MINIMUM ENTRY AGE:-
8 Years completed

MAXIMUM ENTRY AGE:-
59 year (Nearest birthday)

MAXIMUM MATURITY AGE:-
75 years

MINIMUM SUM ASSURED:-
2,00,000

MAXIMUM SUM ASSURED:-
NO LIMIT (depending upon income)

MAXIMUM ACCIDENTAL DEATH AND DISABILITY BENEFIT RIDER UP TO AGE 70

POLICY BENEFIT:-

a)ON DEATH:-
Basic summ assured, OR 10 times of annualized premium, OR 105% of all premiums paid as on death, WHICHEVER IS HIGHER.

b)ON SURVIVAL:-
On survival Basic sum assured + Revisionary Bonus + Final additional Bonus.

SURRENDERED VALUE:-
The policy can be surrendered at any time during the policy term provided at least three full years have been paid.

LOAN :-
Loan Facility is available under this plan, after payment of premiums for atleast 3 years.

INCOME TAX BENEFIT:-
*Premium paid under this plan is eligible for TAX rebate under section 80c.
*Maturity under this plan is free under sec10(10D).

manisha

I am an Insurance Adviser (LIC) and an online re-seller. Also I am working in online field from past five years.

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1 Response

  1. 12th June 2019

    […] 6.JEEVAN LABH(836) […]

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