LIC Jeevan Labh is a basic LIC endowment plan. You have to pay premiums for a limited period, and you will receive the Maturity Benefits atthe end of the term. The nominee would get the Death Benefit in case of the insured person’s death at any point during the policy period.
Frequently Asked Questions
What kind of plan is this?
Jeevan Labh is Traditional Endowment Plan by LIC of India.
What is the death benefit in LIC Jeevan Labh Plan?
Nominee will receive sum assured plus accumulated bonus plus final additional bonus (if any).
What is the Maturity Benefit in LIC Jeevan Labh Plan?
At the end of policy term the policyholder receive Sum Assured plus total of Simple Reversionary Bonus which has been declared at the end of every year and Final Addition Bonus if declared in that year.
