Plan Your Retirement with Jeevan Labh
One can use Jeevan Labh for planning their retirement. If an individual who started his career at the age 25 starts investing ₹14167 (excluding service tax) per month in this plan he will be receiving approximately one crore rupees (when calculated at current rates of bonus declared by LIC) at the age of 50.
Policy holder will also have a risk cover of ₹3800000 since day one of policy completion till the time of maturity.
One can start receiving a monthly pension starting from ₹60000 per month by investing this maturity amount in an immediate annuity Plan.
See how Mr.Santosham Planned for Retirement at the age 50 using Jeevan Labh.
- Retirement Planning of Mr.Santosham with Jeevan LabhDocument size: 132kb
| Level of Protection: | from ₹200,000 to No Limit |
| Grace Period: | up to 60 days |
| Minimum Age at entry: | 8 Years |
| Maximum Age at entry: | 59 Years |
| Policy Term/PPT : | 25/16, 21/15, 16/10 |
| Optional Riders: | Accidental Death and Disability Benefit Rider, Term Assurance Rider |
| Premium Mode: | Yearly, Half Yearly, Quartely & Monthly |
| Payment of Benefit: | at the time of maturity or When Risk Occurs |
Safeguard your Child's future with Jeevan Labh
One can use Jeevan Labh to safeguard child's future. If an individual (aged 30 Years) having Child started investing ₹14000 (excluding service tax) per month in this plan, for a period of 16 years (till child completes her class X) then he will be receiving approximately one crore rupees (when calculated at current rates of bonus declared by LIC) at the age of 55 (when child age is 25).
Policy holder will also have a risk cover of ₹3800000 since day one of policy completion till the time of maturity. in the case of unforeseen event of policy holder Child will receive lump sum of sum assured plus applicable bonus.
| Level of Protection: | from ₹2,00,000 to No Limit |
| Grace Period: | up to 60 days |
| Minimum Age at entry: | 8 Years |
| Maximum Age at entry: | 59 Years |
| Policy Term/PPT: | 25/16, 21/15, 16/10 |
| Optional Riders: | Accidental Death and Disability Benefit Rider, Term Assurance Rider |
| Premium Mode: | Yearly, Half Yearly, Quartely & Monthly |
| Payment of Benefits: | At the time of maturity or When Risk Occurs |