Get the Best Returns with LIC New Jeevan Labh Plan (936)

Are you looking for a reliable investment plan that offers high returns? Look no further than the LIC New Jeevan Labh Plan (936). This plan is designed to provide long-term savings and financial security, while also offering attractive bonuses. With its flexible premium payment options and easy claim settlement process, it’s no wonder why so many people are choosing this plan as their go-to investment option. In this blog post, we’ll explore the key features of LIC’s New Jeevan Labh Plan (936) and show you how it can help you achieve your financial goals. So sit back, relax, and let’s dive in!

Introduction to LIC New Jeevan Labh Plan (936)

LIC’s New Jeevan Labh plan is a traditional non-participating whole-life insurance plan that offers financial protection in the event of death. The policy also provides for a lump sum payment at the end of the policy term, making it an ideal choice for those looking for both security and returns.

The main features of LIC New Jeevan Labh Plan are:

– Death Benefit: In the event of death during the policy term, the nominee will receive a lump sum benefit equal to the sum assured plus accrued bonuses.

– Maturity Benefit: On survival of the policyholder till the end of the policy term, he/she will receive a lump sum benefit equal to the sum assured plus accrued bonuses.

– Tax Benefits: Under section 80C of the Income Tax Act, 1961, premiums paid towards LIC New Jeevan Labh Plan are eligible for tax deduction. maturity benefits received are also exempt from tax.

Thus, LIC New Jeevan Labh Plan is a whole life insurance plan that provides financial protection against death throughout the policy term and also offers attractive returns on maturity.

How Does LIC New Jeevan Labh Plan (936) Work?

The LIC New Jeevan Labh Plan (936) is a traditional non-participating whole life insurance plan that offers financial protection in the event of the policyholder’s death. The death benefit is paid to the beneficiary, and the policy also accrues cash value over time.

This is how the plan works:

The policyholder pays premiums for a specified period of time, usually until age 100. The death benefit is paid to the beneficiary if the policyholder dies during that time. If the policyholder lives beyond age 100, the death benefit is paid to the estate.

The cash value of the policy grows at a guaranteed rate, and can be accessed through policy loans or withdrawals. Policy loans and withdrawals will reduce the death benefit and cash value of the policy.

If premiums are not paid on time, the policy will lapse and coverage will cease. The cash value of thepolicy will be forfeited if lapsed for more than 2 years.

Benefits of LIC New Jeevan Labh Plan (936)

The LIC New Jeevan Labh Plan is a great way to get the best returns on your investment. This plan offers a guaranteed return of 9.36% per year, making it one of the highest-yielding life insurance plans available.

In addition to its high yield, the LIC New Jeevan Labh Plan also has a number of other benefits that make it an attractive option for investors. For example, the plan offers death and maturity benefits, as well as a host of riders that can be added on to tailor the coverage to your specific needs.

If you’re looking for a life insurance plan that can provide you with excellent returns and a wide range of features and benefits, the LIC New Jeevan Labh Plan is definitely worth considering.

Tax Rebates in LIC New Jeevan Labh Plan (936)

When you purchase a life insurance policy, you are eligible for tax benefits under section 80C of the Income Tax Act. LIC New Jeevan Labh Plan (936) is a participating non-linked life insurance plan that offers you financial protection as well as attractive returns. Under this plan, you can get a rebate on the premium paid by you every year. The rebate is available for both regular and single premium payments.

The table below shows the maximum rebate that you can get under this plan:

Premium Payment Frequency Maximum Rebate Regular Premium Up to 10% of the annual premium Single Premium 5% of the single premium paid

Thus, if you are looking for a life insurance policy that offers both financial protection and attractive returns, then LIC New Jeevan Labh Plan (936) is a good option for you.

Eligibility Criteria for Buying LIC New Jeevan Labh Policy (936)

To be eligible to purchase the LIC New Jeevan Labh Policy, you must:

-Be between the ages of 18 and 55

-Be a resident of India

-Have a regular source of income

Investment Options with LIC

When it comes to investment options, LIC New Jeevan Labh Plan is one of the best in the market. It offers a wide range of investment options to choose from, making it an ideal choice for those looking to get the best returns on their investment.

Some of the investment options offered by LIC New Jeevan Labh Plan include:

1) Equity Funds: Equity funds are a great option for those looking to get high returns on their investment. With this option, you can invest in various stocks and shares, which have the potential to give you good returns over the long term.

2) Debt Funds: Debt funds are a good option for those who are looking for stability and regular income. With this option, you can invest in various government bonds and other debt instruments, which offer fixed-interest payments.

3) Balanced Funds: Balanced funds are a good option for those who are looking for both stability and growth. With this option, you can invest in a combination of equity and debt instruments, which offer both growth and income potential.

4) Money Market Funds: Money market funds are a good option for those who are looking for short-term capital gains. With this option, you can invest in various short-term instruments such as treasury bills, commercial papers, etc., which offer higher interest rates than savings accounts.

5) Fixed Deposit Plans: Fixed deposit plans are a good option for those who are looking for guaranteed returns