LIC Jeevan Labh – Plan No. 936 (Limited Premium Endowment Plan)
Non-Linked, Participating, Limited Premium Paying, Endowment Plan – Combines savings + protection.
Key Features:
Limited Premium, High Return Plan
Maturity Benefit: Lump sum on survival + bonuses
Death Benefit: Sum Assured + Bonuses
Bonus Eligible: Simple Reversionary Bonus + Final Bonus
Short-Term Investment, Long-Term Benefit
Eligibility Conditions:
| Particulars | Details |
|---|---|
| Plan Name | LIC Jeevan Labh |
| Plan Number | 936 |
| Minimum Entry Age | 8 years |
| Maximum Entry Age | 59 years |
| Policy Term Options | 16, 21, 25 years |
| Premium Paying Term | 10, 15, 16 years (as per term) |
| Minimum Sum Assured | ₹2,00,000 |
| Maximum Sum Assured | No limit (multiples of ₹10,000) |
Benefits:
1. Maturity Benefit:
Sum Assured on Maturity
Bonuses (Reversionary + Final)
2. Death Benefit:
125% of Basic Sum Assured (before maturity)
Accrued Bonuses + Final Bonus (if any)
Optional Riders:
LIC Accidental Death and Disability Benefit
LIC New Term Assurance Rider
Best For:
Child education or marriage planning
Medium-term goal planning
Savings with life protection