Jeevan Labh
- Plan No.: 936
- UIE: 512N304V02
This plan provides dual benefits of saving and insurance protection coverage. This plan not only provides assistance to the family of policyholder, but also takes care of their financial and future needs, after the demise of policyholder. This plan provides you multiple benefits such as tax savings, maturity benefits, and death benefits.
Death Benefit
105% on the return of all the premiums paid but on certain terms and conditions. In case of death during the policy term of the plan, Sum Assured Along With Bonus and Final Addition Bonus Will Be Paid to the Nominee.
Maturity Benefit
The assured sum will be paid if the policy holder is still alive provided all the premiums have been paid. On completion of the policy term, Sum Assured + Bonus + Final Addition Bonus will be paid as maturity.
Eligibility Criteria
| Minimum Age to Apply | 8 Years (Completed) |
| Maximum Age to Apply | 59 Years for 16 Year Term 54 Years for 21 Year Term 50 Years for 25 Year Term |
| Policy Term (Premium Payment Term) | 16(10), 21(15), 25(16) |
| Maximum Maturity Age | 75 Years |
| Premium Paying Mode | Yearly, Half Yearly, Quarterly, Monthly(ECS) |
| Basic Sum Assured | 2,00,000 and above (in multiple of 10,000) |
| Loan | After 3 years |
| Surrender | After 3 years of full premium payment |
