Diabytes
LIC Jeevan Labh policy News
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LIC Jeevan Labh Policy is one such policy in which you can get a hefty fund of 17 lakhs by depositing just Rs 233 every month. Let us know in detail about the policy.
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LIC's Jeevan Labh is a limited premium paying, non-linked, with-profits endowment plan which offers a combination of protection and savings.
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LIC policies are preferred by Indians who choose to invest in risk-free assets.
Investors of most LIC policies are unaffected by fluctuations in the stock market.
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The LIC Jeevan Labh policy's minimum sum assured is Rs. 2 lakh.
The policy has an eight-year minimum eligibility age and a 59-year maximum entry age for a 16-year maturity period.
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You can change your investment strategy to plan your retirement better.
PPF is one of the most popular schemes that offer guaranteed returns on investments.
NPS investment returns vary from 8% to 12% per annum.
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The non-linked, participating, individual, life assurance savings plan was launched by LIC on February 1, 2020.
In case of the unfortunate, the nominee gets the sum assured.
There is also a provision wherein a policyholder can take a loan against his or her investment in the LIC Jeevan Labh Policy.
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LIC policies also offer sum assured useful to family members in the unfortunate event of the policyholder's demise.
The minimum sum insured in the LIC Jeevan Labh Scheme is Rs 2 lakh.
There’s no upper limit on the sum assured.
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You can get Rs 20 lakh at the time of maturity by investing as little as Rs 251.7 per day.
The investment plan offers limited premium paying options with protection and income tax savings.
The maximum age of entry in the LIC Jeevan Labh policy is 59 years.
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LIC's Jeevan Labh Plan feature policy offers profit and security on returns.
The minimum age of investment in the Jeevan Labh policy is 8 years.
The policy term can be taken for a term of 16 to 25 years.
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By investing just Rs 233 every month, you can obtain a sum of Rs 17 lakhs with this policy.
You can invest in this LIC plan while thinking about your children's marriages, schooling, and future home purchases.
The scheme also includes life insurance coverage in addition to monetary advantages.
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The policy is actually called LIC Jeevan Labh, 936.
The minimum sum insured in the scheme is Rs 2 lakh.
Anyone in the age between 8 to 59 years can start investing in the policy.
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