LIC Jeevan Labh Policy Features
Customers have to pay premiums for a limited period to enjoy long-term protection.
Policyholders can avail of loan facilities on this plan, after paying a regular premium for 2 years. It is limited to 90% of the surrender value.
The plan offers the option to avail of the death and maturity benefit in installments across 5, 10, or 15 years.
If the plan is bought for a child, parents can add the LIC’s Premium Waiver Benefit Rider with the policy. If the parent dies, LIC waives future premiums so that the child does not have to bear the burden of keeping the policy in force.
One can enjoy rebates on the premium amount if the sum assured is Rs.5 lakhs and above.
LIC Jeevan Labh Policy Benefits
- DEATH BENEFITS
- MATURITY BENEFITS
- TAX BENEFITS
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