Introduction
LIC Jeevan Labh Policy ek popular limited premium endowment plan hai offered by Life Insurance Corporation of India. Is policy ki sabse badi khasiyat ye hai ki premium kuch saal tak hi pay karna hota hai, lekin life cover aur benefits poori policy term tak milte hain.
Ye plan un logon ke liye design kiya gaya hai jo guaranteed returns + bonus + insurance protection chahte hain, bina zyada saalon tak premium bhare.
Key Highlights of LIC Jeevan Labh
- Policy Type: Limited Premium Endowment Plan
- Entry Age: 8 to 59 years
- Policy Term Options: 16, 21, 25 years
- Premium Payment Term: 10, 15, 16 years (policy term ke hisaab se)
- Maturity Benefit: Sum Assured + Bonus
- Death Benefit: Full policy term ke dauran cover
Features of LIC Jeevan Labh
- Limited premium payment – jaldi premium khatam
- Guaranteed maturity benefit
- Eligible for Simple Reversionary Bonus & Final Additional Bonus
- Policy ke against loan facility available
- Premium payment modes: yearly, half-yearly, quarterly, monthly
- Tax benefits as per Income Tax Act
Benefits of LIC Jeevan Labh
✔ Limited Pay Advantage
Sirf kuch saal premium bharo, baaki time policy tension-free chalu.
✔ Guaranteed Returns with Bonus
Maturity par Sum Assured + accumulated bonuses milte hain.
✔ Family Protection
Policy term ke dauran death hone par nominee ko financial support.
✔ Goal-Based Planning
Child education, marriage, ya mid-term financial goals ke liye suitable.
Eligibility Criteria
- Minimum Entry Age: 8 years
- Maximum Entry Age: 59 years
- Policy Term: 16 / 21 / 25 years
- Premium Payment Term: Policy term se kam
- Maturity Age: Maximum 75 years
Premium Details
LIC Jeevan Labh ka premium depend karta hai:
- Policyholder ki age
- Chosen Sum Assured
- Policy term
- Premium payment mode
Example (Indicative):
Agar 30 saal ka person 21-year policy term choose karta hai, to premium sirf 15 saal tak pay karna hota hai.
Exact premium LIC ke official calculator se hi confirm karein.
Death Benefit
Agar policyholder ki death policy term ke dauran hoti hai, nominee ko milega:
- Sum Assured on Death (higher of Basic Sum Assured or 7x annual premium)
- Accrued bonuses (if any)
Ye benefit maturity se pehle poora applicable hota hai.
Maturity Benefit
Policy term complete hone par policyholder ko milta hai:
- Basic Sum Assured
- Simple Reversionary Bonuses
- Final Additional Bonus (if applicable)
Payment lump sum mein hoti hai.
Bonus Structure
LIC Jeevan Labh mein milta hai:
- Simple Reversionary Bonus (har saal declare hota hai)
- Final Additional Bonus (long-term policies ke liye)
Bonus guaranteed nahi hota, lekin LIC ka bonus track record stable raha hai.
Riders Available
Additional protection ke liye:
- Accidental Death & Disability Benefit Rider
- New Term Assurance Rider
- Premium Waiver Benefit Rider
(Riders extra cost par milte hain)
Policy Exclusions
- Suicide within first 12 months
- Material fact non-disclosure
- Fraud or misrepresentation
Tax Benefits
- Premium par Section 80C ke under deduction
- Maturity aur death benefit Section 10(10D) ke under tax-free (conditions apply)
Who Should Buy LIC Jeevan Labh Policy?
- Limited time tak premium bharna chahne wale
- Conservative investors
- Salaried & self-employed individuals
- Mid-term financial goals wale log
Who Should Avoid LIC Jeevan Labh?
- High return ya market-linked return chahne wale
- Short-term investment seekers
- Sirf low-cost insurance chahne wale (term plan better rahega)
Comparison (Quick Insight)
- Vs Jeevan Anand: Jeevan Anand mein post-maturity life cover milta hai
- Vs Term Insurance: Jeevan Labh mein savings + maturity benefit milta hai
- Vs ULIPs: No market risk, stable but moderate returns
FAQs on LIC Jeevan Labh Policy
Q1. LIC Jeevan Labh limited premium plan hai?
Haan, premium policy term se kam saalon ke liye hi pay karna hota hai.
Q2. Maturity par kya milta hai?
Sum Assured + bonuses + final additional bonus (if applicable).
Q3. Kya loan milta hai is policy par?
Haan, surrender value ke baad loan facility available hai.
Q4. Jeevan Labh tax-free hai?
Haan, applicable sections ke under tax benefits milte hain.
Q5. Jeevan Labh kis ke liye best hai?
Jo limited premium ke saath guaranteed returns chahte hain.
Conclusion
LIC Jeevan Labh ek balanced insurance-cum-investment plan hai jo limited premium payment ke saath guaranteed maturity benefit aur bonus offer karta hai. Agar aap risk-free, disciplined aur goal-based savings plan dhoondh rahe ho, to ye policy ek strong option ho sakti hai.
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