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LIC’s Jeevan Labh 936 Plan

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LIFE INSURANCE COVER
POLICY VALUE (Sum Assured)
AWESOME PLAN BENEFITS FOR YOU₹Amount
1. Guaranteed Sum Assuredlic bonus
2. Bonus + FABlic bonus+
BENEFIT 1: Maturity Returns on th year = 1 + 2 (TAX FREE)lics jeevan anand 915
BENEFIT 2 :Aproximate Loan availability after 3 yearsloan on lic policy
BENEFITS FOR NOMINEE / FAMILY AFTER YOU₹Amount
On death before plan maturity (th year) :
1. On death before maturity: Guaranteed life insurancelic bonus
2. If accidental death: DAB paidlic bonus
3. As on death bonus paid: Accumulated Bonus+ FABBuy lic plan online+
Total payable to nominee = 1 + 2 + 3 (Tax Free):Lic Maturity Amount
*Note: Bonus and Final Additional Bonus (FAB) are calculated till the policy maturity term. Simple Reversionary Bonuses are considered not more than Rs.65 per thousand to calculate returns for illustration and actual bonus will be declared by LIC in future.
Death benefits illustration is calculated assuming death of life assured occurs before a year of maturity.
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    • YEARLY

    • Save 2%

    • HALF YEARLY

    • Save 1%

    • PAY PREMUM

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      • Premium
      • DAB Premium
      • GST (4.5%)
      • Total

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    • QUARTERLY

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    • MONTHLY

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Note:For Monthly mode of premium payment, 2 months premium have to be paid initially. eNACH (Auto deduction from your bank) setup is mandatory.

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Your data transactions are secure with SSL certificate, payments through RBI approved PCI-DSS certified payment gateways on LIC's digital portal
lic premium payment optionsWhy you should buy LIC plans?   LIC is the only Life Insurance Company in INDIA where Sum Assured and Bonuses declared are GUARANTEED BY THE GOVT OF INDIA. (refer Section 37 LIC ACT 1956)

LIC Jeevan Labh - Buy Policy Online

Most popular Life Insurance and Tax Saving plan in INDIA.

lic-jeevan-labh-online

Limited Premium / Short Term Plan

LIC Jeevan Labh plan has option to pay premium for short term and enjoy life cover for longer term without premium payment.

Higher Bonus Rates

Jeevan labh policy offers a higher bonus rate of Rs.50/1000 sum assured, LIC Jeevan Labh policy is one of best plan of LIC offering higher returns.

Top LIC plan for savings with safe returns.

Jeevan Labh plan provides security to your invested money. LIC is trusted by crores of Indians and Guaranteed by Govt of India. Have peace of mind once you buy LIC Jeevan labh. 

Benefits / USP of LIC Jeevan Labh Online

a)Short term premium payment: LIC Jeevan Labh offers peace of mind by offering to choose from 3 premium paying terms. You can choose to pay the premium for 10/15 or 16 years.
b)Maturity benefit: Maturity in Jeevan Labh is given after a few years after premium payment stops. In 10 years premium paying policy, you get maturity returns at 15 years. In 15 years at 21 years and 16 years policy at 25 years. Policyholders enjoy life cover until maturity without any premium payment.
c) Tax benefit: Jeevan Labh helps you reduce your taxable income by investing up to Rs.1.5 lakh under Section 80C of Income tax act.
The Claims or Maturity amount received is also tax free under 10(10D)
d) Riders: You can choose from a variety of Riders. Accidental Death and Disability Rider is most commonly opted for. For a nominal premium, get double insurance coverage.

Eligibility Conditions for LIC Jeevan Labh Online

a)Minimum Basic Sum Assured:Rs. 2,00,000
b)Maximum Basic Sum Assured:No limit
c)Policy Term:16, 21 and 25 years
d)Premium Paying Term:

10 years for 16 years Term
15 years for 21 years Term
16 years for 25 years Term

e)Minimum Age at entry:8 Years Completed
f)Maximum Age at Entry:59 years for 16 years Term
54 years for 21 years Term
50 years for 25 years Term
g)Maximum Age at Maturity:75 years

How does Jeevan Labh Plan works for you?

Let us understand the JEEVAN LABH LIC policy details with an example of Mr. Rahul, and understand the plan's working.

Mr.Rahul, a 25-year-old individual working in software company, purchases a New Jeevan Labh policy. He wants to secure his family's financial future while also building a savings corpus. After his research, he chooses the following policy details:

  • Policy Term: 25 years - The policy term is the duration for which the policy will remain in force.
  • Policy Term: 25 years - The policy term states how long you have life cover (insurance coverage).
  • Premium Payment Term : 16 years  - The premium payment term states how many years the policy holder has to invest the amount for.
  • Sum Assured: Rs. 10 lakhs - The sum assured is the amount that will be paid to the nominee in the event of the policyholder's death.
  • Accidental Insurance cover: Rs. 10 Lakhs  - The premium payment term states how many years the policy holder has to invest the amount for.
  • Installment Premium (without tax)  - 45027 Rs to be paid for next 16 years. (GST will be added).
  • Maturity at 25th year : Sum Assured 10 Lakhs + Bonus accumulated.

FAQs about LIC Jeevan Labh Online

Who can buy LIC Jeevan Labh?

LIC Jeevan Labh, as the name suggests offers higher returns compared to other plans. If you are looking for a good investment cum insurance plan, with short term premium payment, then LIC Jeevan Labh is the plan for you. Best suited plans for Software Engineers, Doctors, professionals and self Employed etc..

Do I pay the premium Monthly or Annually?

LIC premiums can be paid Yearly, Half yearly, Quarterly or Monthly. Yearly premium offers 2% discout, Half-yearly premium offers 1% discount. If you opt for Monthly premiums, NEFT will be set up, where in the Premium will be deducted from your bank account on the chosen date every Month.

How can I save Income Tax with this plan?

All premiums paid towards your LIC Jeevan Labh policy is considered for Income Tax savingunder Sec 80c of Income tax act. You can invest upto Rs.1,50,000 under 80c and save tax upto Rs.46,800 every year.

When is the best time to start investing in LIC Jeevan Labh?

Now is the best time!! Ideally one should start with tax saving LIC Jeevan Labh policy as soon as possible. The younger you start your policy, the better benefits - Lower premium, Higher life cover, long term corpus building for retirement,Save Tax from the start, disciplined savings habit from an early age. Also adequate life cover to start with.

When should I start LIC Jeevan Labh in the Finanical Year for Tax Saving?

Any premiums paid between 1st April to 31st March is considered for tax saving for that financial year. If opting for Yearly premium payment mode, you can start the policy whenever convenient. If you are choosing other modes, then to save tax for the whole year, you can use the Date Backing option. You can contact us for further information on this.

Are the maturity benefits or returns from LIC Jeevan Labh Tax free?

All returns or proceeds including bonus, sum assured or surrender value from LIC Jeevan Labh endowment plan are Tax free under Income Tax Act 10(10D)

Premium Options

The premiums can be paid Yearly, Half yearly, Quarterly or Monthly.

Loan on Policy

Policyholder can avail loan on policy after 2 successful years of premium payment.

Policy Bond

Your LIC policy bond will be issued after acceptance of your online proposal. It will be sent through India Post on the communication address provided.

Bonus

Bonus is added to your policy at the end of every financial year and paid on maturity along with sum assured.

Why buy LIC Jeevan Labh Online?

India's Only Insurance Company with Sovereign guarantee by Govt of India.

All LIC policies come with a Sovereign Guarantee from Govt of India. Your money is safe and guaranteed by the Indian Government. This makes LIC a most preferred Insurance company than Private Life Insurance company when it comes to buying new Life Insurance Policy.

Most trusted Brand of India

14,000+ Crores New premium paid every year by Indians.

LIC has king share of Life Insurance Business of more than 70%  in India. People prefer LIC over Private Life Insurers despite of attractive promises and claims made, due to the uncertainty of private companies.

Easy Online Buying Process

We assure hassle free online buying process. Buy online from the comfort of your house and digital consultation provided if required.

Compliant with RBI and IRDAI approvals.

Why go anywhere else? 

Secure Payment Options

Online payment options like Debit/Credit card, UPI payments,PayTM, Bhim, Google pay etc. Integrated through RBI approved PCI compliant payment gateway.

Unbiased Sales process

LIC is a leading brand, hence we help you choose the right plan without any biased opinion. Honest and transparent information shown to you and you can chose yourself based on your need.

No Misselling

You choose your own plan from our Website. See illustrations and expected return instantly and make buying decision. Understand the plan which best suits your needs. No misspelling or forced selling.

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