Live
- Pawan Kalyan to Campaign for NDA Alliance in Maharashtra
- Eight killed, five injured in Nepal's traffic accident
- Technical snag grounds PM Modi's aircraft in Jharkhand
- Divya Pillai FL from ‘Bhairavam’ unveiled
- Tension in Lagcherla as BRS Leaders Allegedly Incite Landless Poor
- India vs South Africa 4th T20I Today: Know About Venue, Squad, Start Time, and Live Streaming Details.
- Abhishek says ‘sounds cool’ to be making a film about ‘someone who has 100 days to live’
- Samsung to buy back stock worth $7.16 billion to boost shareholder value
- ICC Champions Trophy 2025: Trophy tour to start from Islamabad on November 16; to travel to Karachi, Lahore and Rawalpindi
- Nazara Technologies sees Q2 profit decline 33 pc to Rs 16 crore
LIC to launch Jeevan Labh tomorrow
LIC of India would be launching a limited premium paying, non-linked with-profits Endowment Assurance plan \'LIC’s Jeevan Labh\' on Monday. This plan is available for people in the age group of 8-59 years and a choice of policy term of 16, 21, 25 years with premium paying term of 10, 15 and 16 years respectively.
Hyderabad: LIC of India would be launching a limited premium paying, non-linked with-profits Endowment Assurance plan 'LIC’s Jeevan Labh' on Monday. This plan is available for people in the age group of 8-59 years and a choice of policy term of 16, 21, 25 years with premium paying term of 10, 15 and 16 years respectively.
The maximum age at maturity is 75 years. On maturity of the policy and the policy holder surviving to the end of the policy term, Basic Sum Assured along with vested simple reversionary bonuses and final additional bonus, if any, shall be payable.
On death of the Life Assured during the policy term, the death benefit, defined as 'Sum Assured on Death' and vested Simple Reversionary Bonuses and final additional bonus, if any, shall be payable.
Minimum Basic Sum Assured is Rs 2,00,000 with Maximum Basic Sum Assured having no limit.
LIC’s Accidental Death and Disability Benefit Rider (AD&DB) is available as an optional rider by payment of additional premium. LIC’s New Term Assurance Rider is also available at the inception of the policy on payment of additional premium and as per rules.
The highlight of the plan is that premium is payable for limited period and risk is covered for the whole policy term. The plan is suited to those who want Premium commitment for short duration having life coverage and benefits for a longer period.
