Jeevan labh

• This is an ideal plan for individuals who prefer a shorter premium payment period.
• The risk coverage under this plan increases every year through declared bonuses by LIC, while the premium remains unchanged.
• Customers receive tax-free maturity benefits under this plan, including the bonus in addition to the Sum Assured.
• This plan offers options for Accidental Life cover, Disability Benefit, and Critical illness cover.
• In the event of the parent’s death, this plan also provides a premium waiver benefit for minors.
• Policyholders can choose to receive the Maturity proceeds in installments over a selected period of 5, 10, or 15 years.
• Similarly, the policyholder has the option to receive the death benefit in installments.
• LIC also offers premium discounts for yearly payment mode.
• After completing one year of the policy, the policyholder is eligible for a loan.