You can save a huge amount for yourself by investing in LIC’s Jeevan Labh policy. For this, you have to save a small amount every day.
Crores of people of the country have invested in all the schemes of Life Insurance Corporation of India (LIC), the country’s largest government insurance company. LIC has schemes for customers of all ages. Many schemes of LIC provide both safety and savings. One such policy of this insurance company is Jeevan Labh Yojana. This scheme of LIC provides a lump sum amount after policyholder maturity. If a policyholder dies, it also provides financial help to his family.
Non-Linked Policy
This policy of LIC is a non-linked plan. That is, it does not depend on the stock market. This is the reason why this scheme is also considered safe. If you are planning to invest, then by investing in this scheme you can deposit a hefty amount. If you take a Jeevan Labh policy at the age of 25, you will get an amount of more than Rs 54 lakh on its maturity.
This much premium will have to be paid every year
If you want to get an amount of Rs 54 lakh, then you will have to take a policy with a term of 25 years. In this, you have to choose an amount of Rs 20 lakh for insurance. In this case, you will have to deposit Rs 92,400 as premium every year. The minimum age for taking LIC Jeevan Labh policy is 18 years and the maximum age is 59 years.
In this case, you will have to deposit Rs 92,400 as premium every year. In this way, you will have to invest Rs 7,700 per month and Rs 253 per day. After this, when your Jeevan Labh policy matures, you will get Rs 54.50 lakh.
Age limit
According to LIC, if a person chooses a policy term for 21 years, then for this his age should be less than 54 years at the time of taking the policy. For a policy term of 25 years, the age limit of the person should be 50 years. The maximum age limit for maturity of the policy has been kept at 75 years.
If the policyholder dies due to any reason during the term of the policy, then the nominee gets its benefit. Along with the bonus, the insurance company also gives the benefit of the sum assured to the nominee. Individuals investing in this plan of LIC can also take a loan.
