LIC Jeevan Labh Plan 936 Full Details | best life insurance policy 2024 | Best LIC Policy Retirement

LIC's Jeevan Labh is a limited premium paying, non-linked, with-profits endowment plan which offers a combination of protection and savings. This plan provides financial support for the family in case of the unfortunate death of the policyholder any time before maturity and a lump sum amount at the time of maturity for the surviving policyholder. This plan also takes care of liquidity needs through its loan facility. 1. Benefits: Death benefit: In case of death during the policy term, provided all due premiums have been paid, Death benefit, defined as the sum of "Sum Assured on Death", vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable. Where "Sum Assured on Death" is defined as the higher of 7 times of annualised premium or Absolute amount assured to be paid on death i.e. Basic Sum Assured. This death benefit shall not be less than 105% of all the premiums paid as of the date of death. Premiums referred above shall not include any taxes, extra amount chargeable under the policy due to underwriting decision and rider premium(s), if any. Maturity Benefit: "Sum Assured on Maturity" equal to Basic Sum Assured, along with vested Simple Reversionary bonuses and Final Additional Bonus, if any, shall be payable in a lump sum on survival to the end of the policy term provided all due premiums have been paid. Participation in Profits: The policy shall participate in the profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation, provided the policy is in full force. Final (Additional) Bonus may also be declared under the policy in the year when the policy results in a claim either by death or maturity. 2. Optional Benefit: The policyholder has an option of availing of the following Rider benefit(s): LIC's Accidental Death and Disability Benefit Rider (UIN: 512B209V01) LIC's New Term Assurance Rider (UIN: 512B210V01) The rider sum assured cannot exceed the basic sum assured. LIC Jeevan Labh Plan 936 Full Details | LIC Best Plan 2022 | Best LIC Policy in Hindi alao topic covered with this lic new plan 2020,lic new policy 2020,lic new plan,lic new plan february 2020,lic new plan feb 2020,lic new plan 1 february 2020,lic new plan 1 feb 2020,lic jeevan labh,lic jeevan labh policy,lic jeevan labh 936 in hindi,lic jeevan labh 936,jeevan labh 936,jeevan labh policy,jeevan labh lic policy,table no 936,table no 936 lic,table no 936 jeevan labh,jeevan labh 936 plan,best lic policy,lic jeevan labh jeevan labh 936 plan,936 lic plan,936 table lic,lic jeevan labh 936 plan details,table no 936 lic,jeevan labh 936,table no 936,lic jeevan labh 936 plan in hindi,lic jeevan labh 936 benefits,lic jeevan labh 936 in hindi,jeevan labh 936 in hindi,lic table no 936 in hindi,jeevan labh 936 review,lic jeevan labh 936,जीवन लाभ 936,jeevan labh lic policy,lic jeevan labh in hindi,lic jeevan labh,jeevan labh,jeevan labh policy,aakash garg,jeevan labh 836policy in hindi,जीवन लाभ,जीवन लाभ 936 #LICJeevanLabh #LIC #licpolicy
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