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LIC\'s JEEVAN LABH...
LIC\'s Jeevan Labh is a participating, non-linked limited premium paying individual savings plan, which offers the combined benefit of savings and protection.
LIC Jeevan Labh not only provides financial aid to the family of the insured in the event of any eventuality but also takes care of the future financial needs of the family.
Some of the salient features of the LIC Jeevan Labh Plan:
?The plan offers the option of limited premium payment.
?This plan is available for a policy term of 16, 21, and 25 years making goal-based investment easier for investors.
?This non-linked, with profit plan, ensures both comprehensive protection plus assured returns for the investors in the form of death and maturity benefits.
?Policyholders can avail loan facilities on this plan, after paying a regular premium for three years.
?Tax benefits can be availed under Section 80C and 10(10D) of the Income Tax Act.