serviceInsurance
by Sachin Insurance Specialist
Ludhiana EAST
LIC Jeevan Labh (Plan No. 736) is a limited premium, non-linked, profit-sharing endowment plan combining financial protection and savings. Key Feature: Pay premiums for a shorter period than the chosen policy term. Maturity Benefit: Sum Assured + Simple Reversionary Bonuses + Final Additional Bonus. Death Benefit: Sum Assured + Bonuses paid to the family if the policyholder passes away during the term. Key Perks: Tax benefits under Section 80C & 10(10D), loan facility after 2 years, and optional riders for extra coverage. Plan Options: 16-Year Term → Pay Premium for 10 Years 21-Year Term → Pay Premium for 15 Years 25-Year Term → Pay Premium for 16 Years Eligibility: Min. Age: 8 years | Min. Sum Assured: ₹2,000,000 (No upper limit)


