LIC Jeevan Labh

LIC Jeevan Labh is a popular limited premium paying life insurance plan that offers a combination of risk cover and savings. It is a non-linked, endowment plan designed to provide financial protection against death, coupled with a savings element that can be utilized to meet specific future needs like children’s education, marriage, or retirement. Key Features of LIC Jeevan Labh: Benefits of LIC Jeevan Labh: Eligibility Criteria: Riders Available: LIC Jeevan Labh allows you to enhance your coverage by adding additional riders: How LIC Jeevan Labh Works: Example of LIC Jeevan Labh (Basic Calculation): Let’s say you opt for a 20-year policy with a sum assured of ₹5,00,000 and a premium paying term of 10 years.