LIC Jeevan Labh Policy: After starting earning from the job, definitely invest money in a safe place. So that there is no shortage of money in future and retirement can be done with great pomp.
LIC Jeevan Labh Policy: Along with starting the job, it is advisable to invest in government or mutual funds or stock market. Invest so that your future is secure and you do not have a lump sum money when you need it. If you also want to invest your money in a safe investment, then you can invest in this special policy of LIC. For this you have to invest just Rs 233 in a month. The name of this policy is LIC Jeevan Labh Policy.
Not linked to the market, money is safe
Please tell that this policy of LIC is not linked to the market. There will be fluctuations in the market, this will not affect your money investing in this policy. This means that your money is completely safe in this scheme. This is a kind of limited premium plan, so the main objective of this plan is to buy children’s education, marriage and property.
Features of this policy
This policy gives both profit and protection to any person. People between the age group of 8-59 years can easily secure money in this policy. A term of 16-25 years can be taken under this policy. In this, you have to take a minimum sum assured of Rs 2 lakh. Loan facility can be availed by paying premium continuously for 3 years. The premium will get tax exemption and on the death of the policyholder, the nominee will get the benefits of Sum Assured and Bonus.
Death benefit is available under the policy
If the policy holder dies before the maturity of the policy and the person has paid all the premiums till the death, then the death benefit of this policy will be given to the nominee. The nominee gets the Sum Assured, Simple Reversionary Bonus and Final Edition Bonus.
Rs 17 lakh will be available on investment of 233
Suppose you are 23 years old and you have opted for a term plan of 16 years and a sum assured of 10 lakhs. In such a situation, you will have to pay Rs 233 every month every day for 10 years. In this way a total of Rs 8,55,107 will be deposited with you. This amount will become Rs 17,13,000 on maturity i.e. at the age of 39 years.