Many people seek an investment that is safe, reliable, and helps build a substantial financial corpus over time. If you are looking for a solution that ensures both security and financial support during emergencies, LIC’s ‘Jeevan Labh’ policy is designed to meet these needs.
What Is LIC’s jeevan Labh Policy?
‘Jeevan Labh’ is a non-linked, with-profits insurance plan offered by LIC. It combines the benefits of life insurance protection with regular savings, providing a reliable and worry-free way to grow your wealth gradually.
Key Benefits of the jeevan Labh Plan
1. Financial Security:
The plan provides a sum assured on death to the nominee, ensuring the family is financially protected.
2. Maturity Benefit:
On surviving the policy term, the policyholder receives maturity proceeds, which include the sum assured plus bonuses, creating a substantial corpus.
3. Bonuses and Growth:
The plan is a participating policy, meaning policyholders earn bonuses declared by lic, enhancing the overall returns over time.
4. Tax Benefits:
Premiums paid and benefits received under this plan are eligible for tax deductions under relevant sections of the Income Tax Act (subject to prevailing laws).
5. Peace of Mind:
With LIC’s long-standing trust and credibility, policyholders enjoy the confidence of financial security throughout their lives.
Who Should Consider jeevan Labh?
· Individuals seeking safe investment options
· people who want to combine insurance and savings
· Those planning for long-term financial goals like children’s education, retirement, or wealth accumulation
How to Invest
· The policy can be purchased online via LIC’s portal or through LIC agents
· Choose the policy term and sum assured based on your financial goals
· Pay premiums regularly to enjoy uninterrupted benefits
Bottom Line
LIC’s Jeevan Labh policy is more than just an insurance plan; it is a tool for financial discipline, long-term savings, and family protection. By investing in this plan, individuals can gradually build a secure financial future and enjoy peace of mind knowing their loved ones are protected.
Disclaimer:
The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.
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