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LIC Jeevan Labh policy: In this policy of LIC, deposit only Rs 233 every day and get 17 lakhs, tax exemption will also be available

LIC’s Jeevan Labh scheme is perfectly suited for long term financial needs.

Even a small savings can turn into a big amount. It is needed with discipline and patience to invest this amount in the right place for a long time. Today we will tell you about such a scheme in which you can make a fund of lakhs of rupees by depositing a small amount every day. There are many such policies of Life Insurance Corporation i.e. LIC, which are very good according to your long term financial planning. One such policy is LIC Jeevan Labh, in which by depositing Rs 233 per day, you get Rs 17 lakh after a certain period. Along with this, tax exemption is also available on the maturity amount.

Deposit Rs 233 per day, get Rs 17 lakh

This policy is considered very good for long term investment. In this, you have to deposit Rs 233 every day and on the maturity of the policy, you become the owner of Rs 17 lakh. The real name of this policy is – LIC Jeevan Labh, 936. This scheme is a non-linked one. That is, it has nothing to do with the stock market. So there is no risk of sinking the investment. You get guaranteed returns in this. LIC has designed it keeping in view the long term needs of the people like education of children, marriage or need to buy property in future.

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Loan can also be taken after paying premium for three years

The minimum sum assured under this scheme is Rs 2 lakh. Anyone between the ages of 8 and 59 can take it. This policy can be taken for a term of 16 to 25 years. The special thing about this policy is that there is no maximum limit for investment in it. This means that you can deposit any amount. Also, after paying the premium for three years, you can also apply for a loan against it.

In the absence of the investor, the nominee will get the amount

If the investor does not live in this world, then his nominee gets the benefit of sum assured and bonus. In this policy, if a person chooses the option of 16 years term plan and 10 lakh sum assured at the age of 23, then he will have to deposit Rs 233 every day for ten years. In this way, he will have to deposit a total of Rs 855107. This amount will be given on maturity i.e. at the age of 39 years, which will be Rs 17,13,000.

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Nisha Chawlahttps://www.businesskhabar.com/
She is an expert in Banking, Finance and working with an international bank. She sharing her ideas and knowledge with Business Khabar.
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