LIC’s Jeevan Labh policy Gives Excellent Guarantee Of Savings And Protection – Even though there are many such companies in the market today, which do life insurance or other types of insurance, but if you are asked that if you want to take life insurance, then which company will you take. So it is obvious that the first name will come on your tongue from Life Insurance Corporation of India, from which you would like to take any plan of life insurance. Not only this, if you are thinking of taking a life insurance plan from Life Insurance Corporation of India, then let us tell you that LIC Jeevan Labh policy will be better for you.
Actually this is the most effective life insurance plan offered by Life Insurance Corporation of India to its investors. Yes, which has the best endowment plan after giving you limited premier and also offers protection and savings. Anyone in the age group of 8 to 59 years can take advantage of this special policy.
Know about LIC Jeevan Labh Policy
If you are thinking of taking this policy of LIC, then you should also know these things very well.
What is the Sum Assured on this plan (Amount you want)
Policy term. (the period for which you want cover)
If you choose a term of 16 years for this policy, then you will have to pay premium for 10 years. Whereas if the policy term is 21 years, you will have to pay premium for 15 years. Whereas if you take a policy of 25 years, you will have to pay premium for 16 years.
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Documents required to take a policy
If you want to take any insurance policy, then for that you should know the necessary documents, which you are going to need. Similarly, for LIC Jeevan Labh policy, you will also need some important documents, about which we are going to tell you. You have to keep all these documents with you.
- Your residence certificate
- Any KYC document, such as Aadhar card, PAN card or tax details.
- Completely filled application form
- Your medical diagnosis report
- Age certificate and medical history.
Why should you take Jeevan Labh Policy?
Now you must be thinking that there are many good life insurance plans available in LIC. So why should you take a Jeevan Labh policy? Actually each policy of LIC has its own specialty but Jeevan Labh policy is useful for any investor because you get guaranteed both protection and savings when you invest for a limited period of time.
Yes, this policy is available for 16, 21 and 25 years, while the premium paid on it is very less. Also, the return on this policy is also very good. Apart from this, one can also get tax benefits under Section 80C and 10(10D) of the Income Tax Act.