LIC Jeevan Labh Plan – USP’s

Let’s check some unique selling points of Jeevan Labh Plan.

• Cover wide age group of 8 years to 59 years.
• Medium and long term options are available for maturity in 16^th year, 21^st year & 25^th year.
• Short and medium premium paying term options are available as 10 year, 15 year & 16 years.
• Free risk cover of 6 years or 9 years are available as per the term decided by the client.
• High bonus rates ensures financial independency in future.
• Jeevan Labh Plan is available with helpful add-on riders like accidental rider and term rider for extra benefits to the policyholder.
• Double tax benefit of section 80C and 10(10D).
• Policyholders can avail loan facility on this plan after completing 3 years.

Maturity Benefit Of LIC Jeevan Labh Plan:

• On completion of policy term, Sum Assured + Bonus + Final Addition Bonus will be paid as maturity.

Death Benefit Of LIC Jeevan Labh Plan:

• In case of death during policy term of the plan, Sum Assured Along With Bonus and Final Addition Bonus Will Be Paid to the Nominee.

Eligibility Criteria:

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LIC kanyadan Policy is also known as Jeevan Lakshya Plan. It is the best gift for your daughter which provides her financial benefits in education and Marriage. Example: If you save 75 per day, your daughter will get 14 Lacs at the time of marriage. Its an example, this plan can also be customized as per your daughter’s educational need. You can call or mail our Kanyadan LIC advisor to get complete details.

Best Features of LIC Kanyadan Policy:

• No premium to be paid in case of father’s death
• Get immediate 10 Lakh in case of an accidental demise
• Immediate 5 Lakh in case of an non-accidental demise
• Get 50000 Per year till maturity

If you are confused, fill out the contact form or call on: 8588884976

LIC’s Jeevan  lakshya plan is a participating non-linked plan which offers an attractive combination of protection and saving. This plan provides for annual income benefit that may help to fulfill the needs of the family,primarily for the benefit of children, in case of unfortunate death of policyholder any time before maturity and a lump sum amount at the time of maturity irrespective of survival of the policyholder. This plan also takes care of liquidity needs through its loan facility.

Key Features

• It is a limited premium paying term conventional With-Profits Endowment Assurance plan.
• Pay Premium 3 years less than Policy Term.
• Inbuilt Premium Waiver Benefit.
• In case of death of the policy holder takes place prior to the maturity,10% of the basic sum assured will be paid on every policy anniversary, further it also provides a lump sum amount at the time of maturity regardless of survival of the policyholder.
• Loan : Available after payment of premiums for at least 2 full years
• Double Accident Rider Available.
• Double Tax Benefit Available (Premium Paid gives 80C Tax Benefit upto Rs. 1,50,000 and Maturity is also Tax Free under section 10(10D)).

Maturity Benefits:

If policy holder survives till the end of the policy term having paid all due premiums,
the benefits from the policy would be:
Basic Sum Assured + Vested Simple Revisionary bonuses + Final Additional bonus (if any)

Death Benefit:

In case of unfortunate event of death of policy holder happens during the policy term, 10% of the
basic sum assured amount will be given to the nominee on every policy anniversary from the year of
death till the date of maturity.

Eligibility Criteria:

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Key Feature

• A plan that offers cover for whole life even after payment of maturity.
• Risk coverage 125% of basic sum assured.
• Saving oriented endowment plan.
• High bonus and moderate premium.
• The policy can be surrendered at the any time  during the policy term provided premiums have been paid for 3 years.
• Loan facility available after the policy acquires paid up value.
• Income tax rebate under section 80(c) up-to Rs 1,50000 per annum and Maturity is also Tax Free under section 10(10D)).
• Double Accident Rider Available (up to Premium Paying Term Only).

Maturity Benefit:

On survival to the end of the policy term, basic sum assured along with vested simple reversionary bonuses(Depending upon the corporations experience) and final additional bonus, if any shall be payable.

Death Claim  Benefits :

Provided all due premiums have been paid, the following death benefit shall be paid:
On Death during the policy term: Death benefit, defined as sum of Sum Assured on Death and vested Simple Reversionary Bonuses and Final Additional bonus, if any, shall be payable. Where, Sum Assured on Death is defined as higher of 125% of Basic Sum Assured or 10 times of annualised premium. This death benefit shall not be less than 105% of all the premiums paid as on date of death.
The premiums mentioned above exclude service tax, extra premium and rider premiums, if any.
On death of policyholder at any time after policy term: Basic Sum Assured

Eligibility Criteria:

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Key Features

• Cover from age group 08 to 55 years.
• Wide policy term range from 12 to 35 years.
• Eligible for all Bonuses and Final Addition Bonuses declared by LIC.
• Term Rider Benefit Available
• Double Accident Rider Available.
• Double Tax Benefit Available (Premium Paid gives 80C Tax Benefit up to Rs. 1,50,,000 and Maturity is also Tax Free under section 10(10D)).
• Loan and Surrender Facility Available.

Maturity Benefit:

• Basic Sum Assured + Vested Bonus + FAB.

Death Claim Benefit:

• In case of death during policy term of the plan, Sum Assured Along With Bonus and Final Addition Bonus Will Be Paid to the Nominee.

Eligibility Criteria:

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SPECIAL FEATURES :

               LIC’s SINGLE PREMIUM ENDOWMENT PLAN …………….
…………Because it is SPECIAL

• S ~ Single Premium – One time investment
• P ~ Protection – Risk Cover
• E ~ Excellent for meeting educational needs of young ones
• C ~ Children from the age of 90 days can be covered
• I ~ Ideal for investment planning-Wide range of policy term
• A ~ Attractive – participates in profits.
• L ~ Liquidity through Loan available after one year
• Surrender facility available at any time
• Loan facility available after one policy year
• Protecting investment & providing life cover together

Maturity Benefit:

• On completion of policy term, Sum Assured + Bonus + Final Addition Bonus will be paid as maturity.

Death Claim Benefit:

• On Death After Commencement Of Risk: Sum Assured + Vested Bonus + FAB if any, On Death Before Commencement Of Risk: Return Of Single Premium.

Eligibility Criteria:

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