Jeevan Labh (936)
Jeevan Labh Plan (936) is a limited premium paying, non-linked, with-profits Endowment Assurance plan.
Premium Payment Mode: Yearly, Halfly, Quarterly, Monthly(ECS)
Term :
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16 Year
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21 Year
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25 Year
PPT :
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For Term 16 Year Ppt 10 year
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For Term 21 Year Ppt 15 Year
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For Term 25 Year ppt 16 year
Minimum Entry Age : 8 Year Completed
Maximum Entry Age : 59 Year (Nearest Birthday)
Maximum Maturity Age : 75 Year
Minimum Sum Assured : Rs.2,00,000
Maximum Sum Assured : NO LIMIT (Depending upon Income)
Maximum Accidental Death and Disability Benefit Rider up to age 70.
Policy Benefits :
On Death : Basic Sum-Assured, OR 7 times of Annualized Premium, OR 105%of all Premiums paid as on death, WHICHEVER IS HIGHER.
On Survival : On survival Basic Sum-Assured + Reversionary Bonus+ Final Additional Bonus.
Surrendered Value :The Policy can be surrendered at any time during the policy term provided at least two full years premiums have been paid.
Loan : Loan Facility is available under this plan, after payment of premiums for at least 2 full years.
Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).
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