Lic Policy: By Investing Rs 233 Per Month You Will Get Rs 17 Lakh, Know Everything

Lic Policy: In the coronavirus infection epidemic, along with the common people, businessmen have also suffered huge economic losses, which everyone is pushing from heel to top to fulfill. Along with the central and state governments, many non-government organizations are also coming forward to help the financially weak people.

Now LIC has introduced such a plan, which will win your heart too. Through this plan, you can make your dream of becoming a millionaire come true. LIC Jeevan Labh Scheme is such a policy in which you can get a corpus of 17 lakhs every month by depositing just Rs 233.

Know policy details

This is a non-linked policy, whose name is Jeevan Labh, because of this, this policy has no relation with the stock market. Whether the market goes up or down, it will not affect your money at all. Your money is completely safe in this scheme. This is a limited premium plan. This plan has been introduced keeping in mind the marriage of children, education, and purchase of the property.

Also, Read This: PPF: Invest Rs 1000 Every Month, You Will Get Rs 12 Lakh, Know The Complete Scheme

You Will be happy to know the specialty of the policy

LIC’s Jeevan Labh Policy Gives Both Profit And Protection.

People Between The Age Group Of 8 To 59 Years Can Easily Take This Policy.

Policy Term Can Be Taken From 16 To 25 Years.

Sum Assured Of At Least Rs 2 Lakh Has To Be Taken.

– There Is No Limit On The Maximum Amount.

Loan Facility Is Also Available On Payment Of Premium For 3 Years.

– Tax Exemption On Premium And Benefits Of Sum Assured And Bonus To The Nominee On The Death Of The Policy Holder.

On The Other Hand, If The Policyholder Dies During The Policy Term And Has Paid All Premiums Till Death, Then His/Her Nominee Gets Death Sum Assured, Simple Reversionary Bonus And Final Addition Bonus As Death Benefit. Additional Sum Assured Will Be Provided To The Nominee.