There are three investment options available in LIC’s Jeevan Labh policy. In this, there is a sum assured of at least Rs 2 lakh in this. If the policyholder dies, there is also a death claim.
LIC’s Jeevan Labh policy is a better scheme for protection and better returns. It gives strong returns on maturity. Along with this, the benefit of bonus is also available. In this, by investing just Rs 800 every month, you can get an amount of more than 5 lakhs on maturity. Death benefit can also be claimed in this scheme.
This policy of LIC can be taken by people from 8 years old to 54 years old. There is a minimum sum assured of Rs 2 lakh in this. While there is no limit on the maximum sum assured. The policy is for three terms. Which includes 16 years, 21 years and 25 years. For these tenors, you have to pay premium only for 10, 15 and 16 years respectively. But you will get the maturity amount only after the completion of the policy term. For example, if you are 30 years old and you buy a sum assured of Rs 2 lakh, then the policy term will be 25 years.
How to get 5.25 lakh rupees
If you take LIC’s Jeevan Labh policy at the age of 30 years and the sum assured is Rs 2 lakh, then the policy term will be 25 years. In this case, you will have to pay a premium of about Rs 800 every month. Your total investment will be Rs 1.5 lakh. You will get a bonus of Rs 47 per 1000 rupees. Your total bonus amount in 25 years will be 2.35 lakhs. Apart from this, Rs 90000 more will be available as final additional bonus on maturity, because LIC gives a bonus of Rs 450 per 1000 in this. In this sense, you will get a total amount of Rs 5.25 lakh.
These benefits also include
1. In LIC’s Jeevan Labh policy, the investor gets the benefit of Accidental Death and Disability and Accident Benefit on death due to injury or disability during an accident
2. In this you also get the benefit of New Term Assurance and New Critical Illness Rider can take. That is, the company will give financial help if the policyholder dies or becomes physically disabled in an accident. This claim can be taken by the nominee in addition to the investor.
3. Bonus is also available in the policy. In this, you are being given a bonus of Rs 47 per 1000 rupees.
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