LIC Saving Plan With every last year, new insurance companies have come in the market. But even today there is a large section among the countrymen who trust LIC for their investments. The company keeps on bringing many types of schemes for crores of people of the country. This includes all types of families in the upper income group, upper middle class, middle class and lower class. If you want to get big funds from small investment, then we are going to tell you about one such policy. The name of this policy is LIC Jeevan Labh Policy
What is LIC’s Jeevan Labh Policy? LIC’s Jeevan Labh policy is an endowment policy. This policy is a Non Linked, Participating, Individual, Savings Plan Life Insurance. In this policy, you get the benefit of both savings and protection.
This policy was launched by the company in the year 2020. Under this, a sum assured of at least Rs 2 lakh will be given. However, no maximum amount has been fixed for this. People from the age of 8 to the age of 59 can take it. One can invest in the policy for 16 years, 21 years and up to 25 years. The premium can be paid on monthly, three-month, six-month or yearly basis. You can invest for 16 years only. The maximum maturity limit of this policy is only up to 75 years
Loan facility is available in this policy where the benefit of insurance cover is also given on the death of the policyholder. At the same time, on his survival, he gets the benefit of lump sum money on maturity. Along with this, by investing in it, you can also take the facility of loan against the policy if needed.