You can save a huge amount for yourself by investing in LIC’s Jeevan Labh policy. For this, you have to save a small amount every day.
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Crores of people of the country have invested in all the schemes of the country’s largest government insurance company Life Insurance Corporation of India. LIC has schemes for customers of all ages. Many schemes of LIC provide both safety and savings. One such policy of this insurance company is Jeevan Labh Yojana. L.I.C. This scheme provides a lump sum amount after policyholder maturity. If a policyholder dies, it also provides financial help to his family.
With the changing times, many big insurance companies of the country have also come in the market, so today we are giving you information about LIC’s Jeevan Labh policy. Let us show you the LIC Jeevan Labh Policy Giving information about-
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What is LIC’s Jeevan Labh Policy?
LIC’s Jeevan Labh policy is an endowment policy. It is a non linked, participating, individual, saving plan life insurance. In this policy, you get the benefit of both savings and security. Along with this, it also adds the benefit of Sum Assured on the death of the policy holder. If a policy holder dies, his family gets a minimum benefit of 105% of the sum assured.
What is Jeevan Labh Policy?
LIC has launched this policy in the year 2020. This will get a sum assured of at least Rs 2 lakh. At the same time, no limit has been fixed for the maximum amount. In this policy, you can buy the policy from the age of 8 years till the age of 59 years. You can invest in this policy for 16 years, 21 years and up to 25 years. At the same time, the premium can be paid every month, three months, 6 months or on an annual basis. Please tell that if you invest at the age of 59, you can invest in it only for 16 years. The maximum maturity limit of this policy is only for 75 years.
This much premium will have to be paid every year
If you want to get an amount of Rs 54 lakh, then you will have to take a policy with a term of 25 years. In this, you have to choose an amount of Rs 20 lakh for insurance. In this case, you will have to deposit Rs 92,400 as premium every year. The minimum age for taking LIC Jeevan Labh policy is 18 years and the maximum age is 59 years.
Loan facility is available
In this policy, where the policyholder gets the benefit of insurance cover on death, while he is alive, he gets the benefit of lump sum money on maturity. Along with this, by investing in it, you can also avail the facility of loan against the policy if needed.
Investment and return calculations
If you invest in LIC’s Jeevan Labh policy at the age of 25, you can get a return of around Rs 54 lakh after a period of 25 years. In this, you have to choose a plan with a sum assured of at least Rs 20 lakh. In this, the annual premium is Rs 92,400 and the monthly premium is around Rs 7,700. In such a situation, if this plan is seen on a daily basis, then you will have to invest around Rs.253 every day. In this case, you will get full Rs 54.50 lakh at the age of 50 years.
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