Jeevan Labh Policy (LIC Jeevan Labh Plan) can help you get Rs.17 lakh on a nominal investment of Rs.233 per month, which is as low as Rs.8 per day. The policy is also a non-linked plan which means its returns are not based on any stock or mutual fund.
LIC Scheme: There are many such investment plans of Life Insurance Corporation of India (LIC) which give you great returns. In these schemes, apart from insurance, you get many other benefits. The name of one such plan is LIC’s Jeevan Labh Plan.
The premium paid by you under this policy will be exempted from Income Tax (Tax Benefits) under Section 80C of the Income Tax Act, 1961. In addition, paying the premium for three years allows you to take a loan against investment.
With LIC plans being one of the most trusted investment options with guaranteed and safe returns, right and timely investments can bring incredible returns.
An investment of Rs.8 per day
Jeevan Labh policy can help you get Rs.17 lakhs on a nominal investment of Rs.233 per month, which is as low as Rs.8 per day. The policy is also a non-linked scheme which means that its returns are not based on any stock or mutual fund, making it one of the safest investment options in the market.
Who Can Take Insurance
The minimum age to invest in this scheme can be between 8 to 59 years. Investors can take the policy term of the firm between 16 to 25 years. While there is no maximum limit for the sum insured, the minimum limit is Rs 2 lakh. As already mentioned, paying the premium will give you the privilege of availing loan on investment. Along with tax exemption, the benefits mentioned above make it an ideal plan to invest to get guaranteed returns.
Bonus is also available.
Lastly, the nominee of the investor gets the benefit of the plan along with the bonus along with the sum assured on his/her death. If the policyholder dies during the term of the policy, but succeeds in paying all the premiums before his death, his nominee will receive the Death Sum Assured, Simple Reversionary Bonus and Final Additional Bonus as Death Benefit. will be received in
