Is Jeevan Labh 936 a good policy?
LIC Jeevan Labh (Plan No: 936) is one of the effective life insurance plans offered by the Life Insurance Corporation of India. It also provides financial support to the family the needful in case of insured’s miserable demise. People from the age group of 8-59 years can take advantage of this plan.
Is Jeevan Labh good policy?
To add to it, the LIC Jeevan Labh Plan offers death as well as maturity benefits with additional profit participation bonus. This plan has been rated high as one of the best-selling endowment plans offered by LIC. Being available to a group age of 8-59 years, this plan offers a host of benefits to the policyholder.
Can I take Jeevan Labh policy online?
Benefits / USP of LIC Jeevan Labh Online. LIC Jeevan Labh offers peace of mind by offering to choose from 3 premium paying terms. You can choose to pay the premium for 10/15 or 16 years. In 10 years premium paying policy, you get maturity returns at 15 years.
What kind of policy is Jeevan Labh?
LIC Jeevan Labh Plan. This is a limited premium paying non-linked endowment life insurance policy that provides both savings and protection to policyholders. The plan offers both death and maturity benefits along with profit participation bonuses.
What is the difference between Jeevan Labh 836 and 936?
The initial version of the Jeevan Labh plan having plan number 836 was revised with effect from 1st February and was renamed as Jeevan Labh 936. LIC’s Jeevan Labh (T 936) is an endowment type of plan with a shorter or limited premium payment period.
Which is better LIC policy or PPF?
While LIC policies serve the purpose of insurance, a PPF serves the purpose of savings. PPF is a Public Provident Fund meant for long-term savings and retirement….PPF VS LIC.
| Points | LIC | PPF |
|---|---|---|
| Risk | Safe | Safest |
| Target audience | Caters to those who have dependents | Caters to everyone |
| Tenure | Flexible | 15 years |
What is commission rate for LIC agent?
Though, Agents earn the commission for the policies they sale. LIC offers 25% to 35% commission on the policy premium for the first year, then 7.5% for 2nd & 3rd Year + 5% till the policy maturity.
Is Jeevan Labh endowment plan?
LIC Jeevan Labh is a simple endowment plan. You pay premiums for a limited period of time and at the end of the policy term, you will get the Maturity Benefits. LIC Jeevan Labh Policy is a traditional, non-linked, with-profits plan offering investment and insurance benefits.
What is 936 LIC plan?
This plan provides financial support for the family in case of unfortunate death of the policyholder any time before maturity and a lump sum amount at the time of maturity for the surviving policyholder. This plan also takes care of liquidity needs through its loan facility.
What is LA after name in LIC?
Loyalty Addition (LA) is profit shared by LIC among its policy holders in the form of onetime payment in case of maturity or death claim. In general, it is applicable only after completion of 5 policy years.
What is the Jeevan Labh plan?
LIC’s Jeevan Labh is a limited premium paying, non-linked, with-profits endowment plan which offers a combination of protection and savings. This plan provides financial support for the family in case of unfortunate death of the policyholder any time before maturity and a lump sum amount at the time of maturity for the surviving policyholder.
Why should you buy LIC Jeevan Labh?
Have peace of mind once you buy plan. LIC Jeevan Labh offers peace of mind by offering to choose from 3 premium paying terms. You can choose to pay the premium for 10/15 or 16 years. Maturity in Jeevan Labh is given after a few years after premium payment stops. In 10 years premium paying policy, you get maturity returns at 15 years.
What is the maturity period of Jeevan Labh insurance policy?
You can choose to pay the premium for 10/15 or 16 years. Maturity in Jeevan Labh is given after a few years after premium payment stops. In 10 years premium paying policy, you get maturity returns at 15 years. In 15 years at 21 years and 16 years policy at 25 years. Policyholders enjoy life cover until maturity without any premium payment.
What is LIC Jeevan Labh plan 936?
Jeevan Labh (Plan No. 936) LIC’s Jeevan Labh is a limited premium paying, non-linked, with-profits endowment plan which offers a combination of protection and savings.