LIC Jeevan Labh 936 is an endowment plan offered by the Life Insurance Corporation of India. It is a limited premium paying, non-linked plan with-profits endowment plan that comes with various benefits to serve its clients. The policy is designed to provide financial protection to the policyholders and their families in the case of an unfortunate event, such as the policyholder’s untimely death. The policy term for LIC Jeevan Labh 936 ranges from 16 to 25 years, and the premium payment term ranges from 10 to 15 years, depending on the policyholder’s preference. The minimum sum assured for the policy is Rs. 2 lakhs, with no maximum limit on the sum assured. The policy also offers tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961. The policy works by the policyholder paying a fixed premium amount for the chosen premium payment term. The policyholder can choose to receive the maturity benefit as a lump sum or as a combination of lump sum and regular income. If the policyholder passes away during the policy term, the death benefit is paid to the nominee, which is the higher of the sum assured or 10 times the annualized premium. Additionally, the policy provides bonuses, which are declared by LIC, to the policyholders. These bonuses can be availed as a lump sum on the policy’s maturity or as a regular income after the policyholder’s death. LIC Jeevan Labh 936 Premium is a popular insurance policy offered by the Life Insurance Corporation of India (LIC). Here are some of its key features and benefits: LIC Jeevan Labh Policy Eligibility Criteria
16, 21, & 25 Years
Minimum Entry Age
8 Years (Completed)
Maximum Entry Age
· For Policy Term 16 Years: 59 Years
· For Policy Term 21 Years: 54 Years
· For Policy Term 25 Years: 50 Years
Minimum Basic Sum Assured
Maximum Basic Sum Assured
Maximum Maturity Age
This is a non-linked, limited premium payment, endowment plan.
The policy offers a guaranteed sum assured along with bonuses.
The policy term ranges from 16 to 25 years.
The premium payment term is less than the policy term.
The policy offers tax benefits under Section 80C and Section 10(10D) of the Income Tax Act.
The policyholder receives a guaranteed sum assured amount along with bonuses.
In case of the policyholder’s death during the term of the policy, the nominee receives the sum assured amount and any accrued bonuses.
The policy also offers maturity benefits, which include the sum assured amount and any accrued bonuses.
The policyholder can take a loan against the policy.
The policy offers tax benefits on the premium paid and the payout received.
Overall, LIC Jeevan Labh 936 Premium is a great option for individuals looking for a comprehensive insurance plan that offers both protection and savings.