Jeevan Labh Plan (T-936)
Life Insurance Jeevan Labh Plan (T-936) is a Limited Premium Paying with Profits Endowment Plan which is suitable for creating a big corpus for children’s marriage purpose. Policyholder can choose to pay premium for 10 years and maturity at 16 th year (Free Risk Cover for 6 years) OR Pay Premium for 15 years and Maturity at 21 st year ( Free Risk Cover for 6 years) OR Pay Premium for 16 years and Maturity at 25 th year (Free Risk Cover for 9 years).
Why Should I Invest in Insurance Jeevan Labh Plan:
- Cover wide age group from 08 to 59 years.
- Starting Early Enables to Build a Big Corpus with Small Savings.
- To Beat Inflation.
- To Ensure Your Financial Stability in Future.
- To Achieve Your Financial Goals.
- To Ensure Financial Stability For Your Dependents.
- Short Term And Long Term Both Options Available.
- Eligible for Bonuses and Final Addition Bonuses declared by Insurance .
- Term Rider Benefit Available.
- Double Accident Rider Available.
- PWB Rider is also available in this plan for minors.
- Double Tax Benefit Available (Premium Paid gives 80C Tax Benefit upto Rs. 1,50,000 and Maturity is also Tax Free under section 10(10D)).
- Loan and Surrender Facility Available.
Maturity Benefit:
- On completion of policy term, Sum Assured + Bonus + Final Addition Bonus will be paid as maturity.
Death Claim Benefit:
- In case of death during policy term of the plan, Sum Assured Along With Bonus and Final Addition Bonus Will Be Paid to the Nominee.
Eligibility Criteria:
| Minimum Age to Apply | 8 Years (Completed) | |||
| Maximum Age to Apply |
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| Policy Term (Premium Payment Term) | 16(10), 21(15), 25(16) | |||
| Maximum Maturity Age | 75 Years | |||
| Premium Paying Mode | Yearly, Half Yearly, Quarterly, Monthly(ECS) | |||
| Basic Sum Assured | 2,00,000 and above (in multiple of 10,000) | |||
| Loan | After 3 years | |||
| Surrender | After 3 years of full premium payment |
