LIC’s New Jeevan Labh Plan No 836 : Life Insurance of India will launch New Plan on 4th January 2016. This plan will be Limited Premium Endowment Plan named Jeevan Labha / Jeevan Labh Table no – 836. This plan may be launch on Jeevan Sanchar on 4th January 2016.
LIC’s New Jeevan Labh Plan No 836
- This is a limited Premium Paying non linked with profit endowment plan
- On Death – Sum Assured + BONUS + FAB (Final Addition Bonus) SA NOT LESS THAN 105% OF TOT PREMIUM PAID AS ON DATE OF DEATH.
- Maturity Benefit- Sum Assured ON MATURITY + BONUS + FAB (Final Addition Bonus)
- TR & DAB IS OPTIONAL
- Min Age @ entry- 8 years completed
- Max Maturity Age- 75 nbd
- Term & Premium Paying Term – 16 (10), 21 (15), 25 (16)
- Min SUM ASSURED – 2 LAC, Then in multiplication of 10,000.
- MAXIMUM SUM ASSURED – NO LIMIT.
- Commencement of Risk – Immediate.
- Modes allowed – ALL With ECS & SSS.
- Loan – Yes
- Back dating allowed
- PROPOSAL FORMS 300/340/360 AS APPLICABLE
Note: All above information is came from news source and may be changed at the time of launch/ it may be not launch also.