LIC Jeevan Labh Policy: Registration, Eligibility, Benefits, Application Form

LIC Jeevan Labh Policy 2023: When it comes to insurance, Life Insurance Corporation of India (LIC) is our first choice as it is a government insurance business in which people invests. LIC sometimes offers different types of insurance to its consumers. Customers can ensure their financial future by investing in special products. LIC Jeevan Labh Policy is one such program.

By depositing Rs 233 every month, you will get a huge amount of Rs 17 lakh. Apart from this, this insurance of Life Insurance Corporation of India offers many types of benefits. Through this LIC Jeevan Labh article we will give you information about LIC Jeevan Labh policy.


LIC Jeevan Labh Policy 2023

In the year 2020, Life Insurance Corporation of India (LIC) introduced the LIC Jeevan Labh policy. This is a non-linked benefit LIC Jeevan Labh Policy 2023 which has a fixed number of premium payments. On maturity, the policyholder gets a huge amount under this policy. If the policyholder dies, his family gets financial support. This policy has nothing to do with the stock market as it is not linked.


Whether themarket rises or falls, your money remains unaffected. That means your money is completely safe in this policy. The premium of LIC Jeevan Labh policy is low. Which has been developed keeping in mind children’s marriage, education and buying a house?


For how many years is the benefit of LIC Jeevan Labh Plan?

This insurance was introduced by Life Insurance Corporation of India in 2020. The minimum investment in Jeevan Labh policy is Rs 2 lakh. The maximum amount that can be invested is not specified by LIC. Different maturity periods have been prescribed in this policy.

This policy is available to anyone and hasmaturity periods of 16, 21 and 25 years. The deposit tenures are ten years, fifteen years and sixteen years. The policyholder can pay the premium on a monthly, quarterly, half-yearly or yearly basis. The minimum age to buy LIC Jeevan Labh policy is 8 years, while the maximum age is 59 years.

How much will have to be invested under LIC Jeevan Labh Plan

If you invest in LIC's Jeevan Labh policy at the age of 25, you will get more than Rs 54 lakh on maturity. For this you will have to take a policy for a period of 25 years. In such a situation, you will have to select the sum insured of Rs 20 lakh. Every year you will have to pay a premium of Rs 92400. 


As a result, you  will have to deposit Rs 7700 every month in this policy. You will also have to invest Rs 253 per day. When your Jeevan Labh policy matures, you will get Rs 54.50 lakh.

Features of LIC Jeevan Labh Policy

LIC Jeevan Labh Policy benefits customers in terms of both profit and security.  Customers can also avail the loan after paying the premium for three years. The nominee gets tax exemption on the premium along with the policyholder39;as sum assured and bonuses.
This policy is easily available for citizens between 8 to 59 years of age.
Jeevan Labh policies are available for periods ranging from 16 to 25 years.

In this LIC Jeevan Labh Policy, the policyholder will have to accept a minimum sum assured of Rs 2 lakh. The maximum amount of this insurance policy is unlimited.

How to apply for LIC Jeevan Labh Policy?

This policy is open to any interested beneficiary. As a result, they have to visit their local LIC
office. And will have to contact the office representative.

I want to buy Jeevan Labh policy from LIC office. To apply you will have to fill a form.
You have to fill all the required information in this form carefully.

Now you have to send this application form to LIC office.

You have to deposit the premium amount along with the application form.


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