Daily Investment of Rs 233 in This Scheme of LIC Will Make You a Millionaire, Check Details

LIC Jeevan Labh Policy: There are many such policies of Life Insurance Corporation of India where investment gives great returns. One such plan is Jeevan Labh Policy where if you invest Rs 233 per day, you will get returns of more than Rs 17 lakh at the time of maturity. Let’s know the details related to the scheme.

If a person opts for the 16-year term plan and 10 lakh sum assured option at the age of 23, then he will have to pay Rs 233 per day for 10 years. In this way, he will have to pay a total of Rs 855107. This amount will become Rs 17,13,000 on maturity i.e. at the age of 39 years. This policy does not have any link with the share market, that is, your money is completely safe in this scheme. The company has made this plan for the marriage of children, education and purchase of property.

Also, Read This: Good Investment: Get 10K Rupees Every Month By Investing only 420 Rupees, Know About The Scheme?

Features of LIC Jeevan Labh Policy

Sum Assured: Rs 2,00,000

Duration:16, 21, 25 (Years)

Premium Paying Term: 10, 15, 16 (Years) Age: 20, 30, 40 (Year)

premium	age 20 years	30 years	40 years
annual	Rs.17450	Rs.17,512	Rs.17,779
annual	Rs.11,163	Rs.11,255	Rs.11634
annual	Rs.9411	Rs.9545	Rs.10,015

Source: LIC India 

• People in the age group of 8 to 59 years can take this policy.
• The policy term can be taken from 16 to 25 years.
• Minimum Sum Assured of Rs.2 Lakhs to be taken and there is no maximum limit
• Loan is also available on payment of premium for 3 years
• The nominee gets the benefits of Sum Assured and Bonus on the premium and on the death of the policy holder.

How much will be received on the death of the policy holder

Life Benefit If the policyholder dies during the policy term and has paid all premiums till death, his/her nominee will receive Death Benefit as Death Sum Assured, Simple Reversionary Bonus and Final Addition Bonus (if any) ) is paid i.e. the nominee will get the additional sum assured.