Jeevan Labh Plan
LIC's Jeevan Labh is a Limited Premium Payment Endowment Insurance Plan.
The Main Feature of this plan is, the payment of premiums is limited to a term shorter than the policy
(Limited Premium Payment -LPP). The maturity amount is payable at the end of the policy term, or on the death
of the policy holder whichever is earlier.
Maturity Benefit under Jeevan Labh : Sum Assured + Bonus + Final Additional Bonus (As applicable).
Death Benefit under Jeevan Labh : The policyholder's nominee will receive,
Sum Assured + Bonus + Final Additional Bonus (As applicable).
Optional riders like Term insurance rider (TR) & ADADB (Accidental Death And Disability Benefit ) are available.
Loan facility is available under this plan, after payment of premiums for at least 3 full years subject to conditions:
Maximum loan for inforce policy-90% of surrender value and for paid up policies 80% of surrender value.