Jeevan Labh(936)

  • Plan : Jeevan Lakshya(933)
  • Product Summary : Jeevan Labh Plan (936) is a limited premium paying, non-linked, with-profits Endowment Assurance plan.
  • Premium Payment Mode: Yearly, Halfly, Quarterly, Monthly(ECS)
  • Term : 16 Year, 21 Year, 25 Year
  • PPT :
    For Term 16 Year Ppt 10 year
    For Term 21 Year Ppt 15 Year
    For Term 25 Year ppt 16 year
  • Minimum Entry Age : 8 Year Completed
  • Maximum Entry Age : 59 Year (Nearest Birthday)
  • Maximum Maturity Age : 75 Year
  • Minimum Sum Assured : 2,00,000
  • Maximum Sum Assured : NO LIMIT (Depending upon Income)
  • Maximum Accidental Death and Disability Benefit Rider up to age 70.

Policy Benefits :

On Death :
Basic Sum-Assured, OR 7 times of Annualized Premium, OR 105%of all Premiums paid as on death, WHICHEVER IS HIGHER.

On Survival :
On survival Basic Sum-Assured + Reversionary Bonus+ Final Additional Bonus.

Surrendered Value :
The Policy can be surrendered at any time during the policy term provided at least two full years premiums have been paid.

Loan :
Loan Facility is available under this plan, after payment of premiums for at least 2 full years.

Income Tax Benefit :

  • Premium paid under this plan is eligible for TAX rebate under section 80c.
  • Maturity under this plan is free under sec 10(10D).