Features of the plan:
✏️Fixed returns with security
✏️Loan facility after two years
✏️Tax exemption
✏️Accidental death and disability benefit rider
LIC Jeevan Labh Plan 736
is a non-linked, with-profits, endowment plan that combines both protection and savings. This plan offers the following key features:
1. Sum Assured and Premiums: The minimum sum assured is ₹2,00,000, with no upper limit. You can choose the sum assured based on your financial goals and capacity.
2. Death Benefit: In case of the policyholder's death during the policy term, the nominee will receive the sum assured on death, along with simple reversionary bonuses and a final additional bonus, if applicable. The death benefit is a minimum of 105% of the total premiums paid.
3. Maturity Benefit:
On survival until the end of the policy term, the policyholder will receive the sum assured on maturity, along with accrued bonuses.
4. Premium Payment:
This plan allows flexible premium payment options, including yearly, half-yearly, and quarterly payments. A rebate is also available for higher sums assured and for opting for annual payment modes.
5. Loan and Surrender:
After one year of premium payments, policyholders are eligible for loans, and they can surrender the policy, receiving the premium paid along with vested bonuses.
6. Riders:
To enhance the policy, additional riders such as accidental death and disability benefit, and premium waiver can be added.
This plan is ideal for individuals looking for a mix of savings, protection, and financial security for their families.
Example
This LIC plan offers a combination of protection and savings over a 16-year period, but with premiums payable only for the first 10 years. Here’s a breakdown of the plan's key aspects:
1. Premium Payments:
You need to pay a monthly premium ranging from ₹1,500 to ₹5,000, based on your chosen coverage.
For ₹1,500 per month, you get a life cover of ₹2,00,000 and a maturity amount of ₹3,33,000.
For ₹5,000 per month, you get a life cover of ₹6,50,000 and a maturity amount of ₹10,82,200.
2. Maturity Benefit:
After 16 years, the policyholder will receive the maturity amount based on the premium paid.
3. Life Cover:
This plan provides life insurance coverage throughout the policy term. The amount of life cover depends on the monthly premium selected.
4. Loan Facility:
After two years of premium payment, you are eligible for a loan against the policy.
5. Tax Benefits:
You can avail of tax deductions on both premium payments and the maturity proceeds.
6. Additional Riders:
There is an option to add Accidental Death and Disability Benefit Riders to enhance your coverage.
This plan is ideal for individuals looking for guaranteed returns along with life insurance protection.
PAYMENT
• Pay New/Renewal Premium by Credit Card (No extra charges)
• Pay New/Renewal Premium by Paytm
• Pay New/Renewal Premium by Google Pay
• Pay New/Renewal Premium by PhonePe
CONTACT ME
Your data is safe. We will not share it with anyone else।
LIC OF INDIA
0 Comments
Thanks