Lic Jeevan Labh Life Insurance Policy Ad

Lic Jeevan Labh Life Insurance Policy Advertisement in Newspaper. This advertisement has been released in Times of India Newspaper

LIC’s Jeevan Labh Policy: Premiums Stop, Benefits Go On

Life Insurance Corporation of India’s (LIC) Jeevan Labh is a limited premium paying endowment plan that provides both financial protection and savings. It’s a participating plan, which means policyholders are eligible to share in LIC’s profits through bonuses.

Plan No.: 936

UIN No.: 512N304V02

Key Features

• Limited Premium Payment: You pay premiums for a shorter period (10, 15, or 16 years) but receive life coverage for the entire policy term (16, 21, or 25 years).
• Maturity Benefit: Upon surviving the policy term, you get a lump sum payout including the sum assured and bonuses.
• Death Benefit: If the policyholder dies during the term, the nominee receives the sum assured amount plus accrued bonuses.
• Profit Participation: Policyholders are eligible for bonuses declared by LIC, increasing the sum assured.
• Tax Benefits: Premiums paid qualify for tax deductions under Section 80C of the Income Tax Act. The maturity benefit is also tax-free under Section 10(10D).
• Optional Riders: Enhance your coverage with riders like accidental death benefit or additional term assurance.

Eligibility

• Minimum Entry Age: 8 years
• Maximum Entry Age: Varies depending on the chosen policy term (up to 59 years)
• Minimum Sum Assured: ₹200,000
• Maximum Sum Assured: No upper limit

Additional Points

• Policy Term vs Premium Payment Term: Choose a longer policy term for extended coverage, but it will mean a longer period of premium payment.
• Sum Assured: Select an adequate sum assured to financially secure your family in case of your demise.
• Riders: Riders provide additional benefits but increase the premium cost. Consider your needs and budget before opting for them.

Getting Started

• Get a quote for Jeevan Labh on LIC’s website https://licindia.in or contact an LIC agent.
• Read the sales brochure thoroughly before purchasing the policy.
• Understand the associated risks.

Disclaimer: We are not a financial advisor. This is for informational purposes only. Please consult with a financial advisor to determine if this policy suits your needs.

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This Advertisement is one of the collection from our huge collection of creative ads. There were several other print advertisements published in Times of India Pune Newspaper on various pages on 9-11-2020 along with Lic Jeevan Labh Life Insurance Policy Ad. Check various newspaper advertisement samples at Advert Gallery.

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