New Delhi: Life Insurance Corporation of India (LIC) offers various investment programs that provide safe and impressive returns to investors. Several Indians have secured their futures with the state-backed insurance company.
In any of these programs, investors can get thousands of rupees by simply investing 233 rupees each month in the LIC Jeevan Labh policy, which is an unrelated 936 program. For the uninitiated, an unrelated program does not depend. not actions. market performance and that is why it is considered safer than market related programs.
LIC’s Jeevan Labh plan features policy offers returns benefits and security. The minimum age for investment in Jeevan Labh policy is 8 while the maximum age is 59.
The term of the policy can be taken for a term of 16 to 25 years. The minimum sum insured in the scheme is Rs 2 lakh. There is no cap on the maximum limit with regard to the minimum sum insured.
After paying premiums for 3 years, investors can also take out loans on their investments. Other benefits of the Jeevan Labh LIC plan include premium tax exemption. Also read: PFRDA allows investors to invest in Atal Pension Yojana via Aadhaar eKYC
Upon the death of the policyholder, the nominee receives the benefits of the sum insured as well as a bonus. If the policyholder dies during the term of the policy and has paid all the premiums until death, then his nominee receives the insured death benefit, the simple reversion premium and the final addition premium as death benefit. That is, the candidate will receive an additional sum of insurance. Also read: PMC Bank customers, alert! You will not get a Rs 5 lakh deposit guarantee in the first batch, here is why