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Is Jeevan Labh a good plan?
To add to it, the LIC Jeevan Labh Plan offers death as well as maturity benefits with additional profit participation bonus. This plan has been rated high as one of the best-selling endowment plans offered by LIC. Being available to a group age of 8-59 years, this plan offers a host of benefits to the policyholder.
Is Jeevan Labh returns guaranteed?
I have done a calculation to find out the rate of return you are getting from the LIC Jeevan Labh. To my surprise, The LIC is giving a guaranteed return of only 2.13\%.
How does Jeevan Labh work?
LIC Jeevan Labh is a simple endowment plan. You pay premiums for a limited period of time and at the end of the policy term, you will get the Maturity Benefits. In case of death of the policyholder anytime during the policy term, the nominee will get the Death Benefit.
What is the benefit of LIC policy?
What’s more, LIC’s new money back policy provides accidental death and disability benefit riders. Policyholders can also avail of loan facility under the policy. The LIC new money back policy can be surrendered only after it accrues cash value after payment of 3 years of premiums.
Which scheme gives highest rate of interest?
Top 5 interest rates on Tax-saving Bank FDs. Bank Name.
What is the maturity amount in LIC Jeevan Labh 936?
| Jeevan Labh Plan (Table-936) | |
|---|---|
| Maximum Age At Maturity | 75 Years |
| Maturity Amount After Completion of Policy Term | Basic Sum Assured + Accumulated Simple Reversionary Bonus (Bonus) during Policy Term + Final Additional Bonus (FAB) |
| Death Sum Assured | Basic Sum Assured or 7 times of Annualised Premium, whichever is higher. |