LIC Superhit Policy will get 17 lakh rupees on investment of only 233, tax exemption also, know information : LIC (Life Insurance Corporation) has come up with a tremendous plan. In LIC Jeevan Labh Policy, you can easily get a fat fund of 17 lakhs by depositing just Rs 233 every month. Let us know about this superhit scheme. LIC keeps on offering many great plans for its customers. If you are also dreaming of becoming a millionaire with safe investments then this LIC policy is very useful for you. LIC Jeevan Labh Plan is such a policy in which you can get a fund of 17 lakhs every month by depositing just Rs 233. Let us know about this policy.
LIC Superhit Policy
LIC Jeevan Labh (LIC Superhit Policy,
This is a non-linked policy named- Jeevan Labh Policy. Therefore, this policy has nothing to do with the stock market. Whether the market goes up or down, it will not affect your money at all. That is, your money is completely safe in this plan (Life Insurance Corporation). This is a limited premium plan. This scheme has been made keeping in mind the marriage, education and purchase of property of children.
Features of the policy- (LIC Superhit Policy,
- LIC Jeevan Labh Policy feature policy offers both benefits and protection.
- People in the age group of 8 to 59 years can easily take this policy (Life Insurance Corporation).
- The policy term can be taken from 16 to 25 years.
- Minimum Sum Assured of Rs.2 Lakhs has to be taken.
- There is no limit on the maximum amount.
- Loan facility is also available on payment of premium for 3 years.
- Tax exemption on premium and on death of the policy holder, the nominee gets the benefit of Sum Assured and Bonus.
Policy holder will get death benefit
If the policyholder dies during the term of the policy (LIC Jeevan Labh Policy) and has paid all premiums till death, then his nominee will receive Death Sum Assured, Simple Reversionary Bonus and Final Additional Bonus as Death Benefit Get. That is, the nominee will get additional sum insured.
If the policy holder dies prematurely during the policy term, and if all premiums have been paid on time, the beneficiary becomes eligible for the death benefit. This Death Benefit is defined as the sum of the “Sum Assured on Death”, vested Simple Reversionary Bonuses and any Final Additional Bonuses. Here, “Sum Assured on Death” is defined as 10 times the annual premium or the Absolute Sum Assured to be paid on death i.e. Basic Sum Assured. (Life Insurance Corporation) Death Benefit shall be a minimum of 105 percent of all premiums paid till the time of death.
The above premiums do not include any taxes, and are inclusive of excess amount chargeable under the policy (LIC Jeevan Labh Policy) on account of underwriting decisions and any rider premiums.
Maturity Benefit is a lump sum amount paid to the policy holder at the time of maturity of the policy. The “Sum Assured on Maturity” is equal to the Basic Sum Assured with vested Simple Reversionary Bonuses and any Final Additional Bonuses. The policy (Life Insurance Corporation) holder becomes eligible for the maturity benefit if all the payments are made on time.
The plan (LIC Jeevan Labh Policy) is eligible to participate in the profits of the Corporation and is entitled to receive the declared Simple Reversionary Bonus as per the experience of the Corporation, provided the policy is in full active condition. Final (additional) bonus can also be declared under the policy in the year the policy is claimed by death or maturity.
The policy holder can choose to pay premiums at regular intervals of monthly, quarterly, half-yearly or annual payments. There is an option of both salary deduction and ECS. There is a provision of grace period during the delay in payment in the plan (Life Insurance Corporation). In the example of monthly premium payments, the grace period is fifteen days, while in the example of other types of payments, the grace period is thirty days.