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Often, we all look for a policy that ensures safe investment and allows us to gradually build a large corpus. So, if you also want to ensure your investments are protected and have the support of a bank balance in times of need, then LIC's Jeevan Labh policy is a powerful option for you, combining safety, savings, and trust. In fact, millions of people in India still blindly trust LIC, and this trust is considered the plan's greatest strength.

It should be noted that LIC Jeevan Labh has been specifically designed for those who dislike or fear market fluctuations and who want a guaranteed return on their money. This policy is famous for its limited term premium payment and lump sum payment upon maturity. Its unique feature is that even if the policyholder dies for any reason, the family remains financially secure. This concept makes this scheme even more useful for the general public.

What is the LIC Jeevan Labh Policy?

It is a non-linked, limited premium payment, and with-profit plan. This means that the policyholder pays premiums for only a few years, but the protection is provided for the entire life.

In case of death during the policy term, the family can receive 10 times the annual premium.

This amount is never less than 105% of the total premium.

On maturity, the sum assured, bonus, and additional bonus can be paid to the policyholder as a lump sum.

Furthermore, the Jeevan Labh policy also offers a loan facility if needed, meaning this policy can be a support in case of a sudden financial crisis.

Who can take this policy? How much investment?
The LIC Jeevan Labh plan is available to people aged 8 to 59 years. The minimum sum assured is ₹2,00,000, while there is no maximum limit. Investors can build as much protection and funds as they wish.

The policy is available in three options:

16-year term – 10-year premium

21-year term – 15-year premium

25-year term – 16-year premium

Investors can choose monthly, quarterly, half-yearly, or annual payments as per their convenience.

How to reach ₹54 lakh?
So, let's assume that a 25-year-old purchases the Jeevan Labh plan for financial security.

Sum assured: ₹20,00,000
Term: 25 years
Premium payment: 16 years

This means he will need to save a minimum of ₹88,910 annually, or approximately ₹243 per day. However, upon completion of the policy term (at age 50), he can receive a corpus of approximately ₹54 lakh upon maturity. This means that small investments can grow into substantial capital over time.

Why is this plan special?
The LIC Jeevan Labh policy is perfect for families who want to manage safe investments, children's futures, retirement, and emergency funds all in one. It offers less risk of loss, more security, and consistent savings. (Note: This article is for general information purposes only. Please consult a financial advisor before making any investment.)

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