LIC's Jeevan Labh Plan (836) is a limited premium paying, non-linked, with-profits Endowment Assurance plan.
Income Tax Benefit
Premium paid under this plan is eligible for TAX rebate under section 80c.
Maturity under this plan is free under sec 10(10D).
On survival Basic Sum Assured + Vested Bonus + FAB if any
Sum Assured + Vested Bonus + FAB if any
Policy Term 16 or 21 or 25 years
Minimum Basic Sum Assured Rs. 2,00,000/-
Maximum Basic Sum Assured No Limit
Minimum Policy Term 16 years
Maximum Policy Term 25 years
Premium Paying Term 10, 15, 16 years respectively
Minimum Entry Age 8 years (completed)
Maximum Entry Age 59 years (nearer birthday)
Maximum Age at Maturity for Life Assured 75 years
Mode of Premium Payment Yearly, half-yearly, quarterly & monthly
Accidental Death & Disability Benefit Rider available on payment of additional premium