Which LIC policy is best for 35 year old?
Top 6 LIC Plans In India 2020
|LIC Plans||Type of Plan||Maturity Age (Maximum) (in years)|
|LIC New Children’s money-back Plan||Traditional money-back Child Plan||25 years|
|LIC New Jeevan Anand||Endowment Plan||75 years|
|LIC Jeevan Umang||Whole Life + Endowment Plan||100 years|
|LIC Jeevan Labh||Endowment Plan||75 years|
What is the maturity amount of LIC Jeevan Labh?
Jeevan Labh (836) with an Example
|Maturity Year||Age at Maturity||Maturity Amount (Approx.)|
What is 936 LIC plan?
LIC Jeevan Labh (Plan No: 936) is one of the effective life insurance plans offered by the Life Insurance Corporation of India. In case of death of the policyholder anytime during the policy term, the nominee will get the Death Benefit in the form of Sum Assured and bonuses. …
Why should you buy LIC Jeevan Labh?
Have peace of mind once you buy plan. LIC Jeevan Labh offers peace of mind by offering to choose from 3 premium paying terms. You can choose to pay the premium for 10/15 or 16 years. Maturity in Jeevan Labh is given after a few years after premium payment stops. In 10 years premium paying policy, you get maturity returns at 15 years.
How many years is the policy period of Jeevan Labh?
In 15 years at 21 years and 16 years policy at 25 years. Policyholders enjoy life cover until maturity without any premium payment. Jeevan Labh helps you reduce your taxable income by investing up to Rs.1.5 lakh under Section 80C. You can choose from a variety of Riders.
What are the salient features of LIC money back 25 years policy?
The following are some of the salient features offered by the policy. The Money Back 25 years LIC plan offers a settlement option to receive the maturity benefit, which means that the insured can receive the maturity benefits in installments over the chosen period of 5 years, 10 years, or 15 years.
What is the age limit at entry for life assured?
Age limit at entry for Life Assured: 0-12 years. The maturity age for the life assured is 25 years i.e. policy term or premium paying term can be calculated by subtracting the age at entry by 25. For example, if the child’s age is 7 at the time of entry then the policy term will be 25-7= 18 years.