एलआईसी जीवन लाभ प्लान 936 कैलकुलेटर

Maturity Benefit

On survival to the end of the policy term, the policyholder receives the Basic Sum Assured + Accumulated Vested Simple Reversionary Bonuses + Final Additional Bonus (if any).

Death Benefit

In case of death during the policy term, the nominee receives the "Sum Assured on Death" + Vested Bonuses + FAB. Sum Assured on Death is the higher of Basic Sum Assured or 7 times the annualised premium.

Loan Facility

Loan can be availed after at least 2 full years' premiums have been paid. This helps in meeting emergency financial needs without surrendering the policy.

Tax Benefits

Premiums paid are exempt under Section 80C, and maturity proceeds are exempt under Section 10(10D) of the Income Tax Act, subject to conditions.

You can enhance the coverage of LIC Jeevan Labh by adding the following riders for an additional premium:

• LIC’s Accidental Death and Disability Benefit Rider: Provides lump sum in case of accidental death or disability.
• LIC’s New Term Assurance Rider: Provides life cover in case of death during the term.
• LIC’s New Critical Illness Benefit Rider: Provides lump sum on diagnosis of specified critical illnesses.
• LIC’s Premium Waiver Benefit Rider: Waives future premiums in case of death of the proposer (useful for child policies).

This plan is ideal for:

• Conservative Investors: Those who prefer guaranteed returns and safety over market volatility.
• Parents: Planning for child's education or marriage with a fixed payout at maturity.
• Long-Term Savers: Individuals looking to build a corpus with a limited premium paying commitment.

Grace Period: A grace period of 30 days is allowed for payment of yearly or half-yearly premiums and 15 days for monthly premiums.

Revival: If premiums are not paid within the grace period, the policy lapses. It can be revived within 5 consecutive years from the date of the first unpaid premium by paying all arrears with interest.