LIC Jeevan labh: LIC keeps bringing special schemes to protect its customers today and tomorrow. Through LIC’s life benefit plan (LIC Jeevan labh), you can make a fund of Rs 17 lakh by investing Rs 233 every day. That is, you can become a millionaire in a few years. Explain that LIC plans are prepared to keep in mind every category. Let us tell you about this special plan today.


LIC Jeevan Labh scheme offers both death and maturity benefits along with bonuses. It offers three premium payment options, which are 10 years, 15 years, and 16 years. You can choose it according to you. The minimum sum assured in this LIC policy is Rs 2 lakh.

Features of LIC Jeevan Labh Policy

Sum Assured: Rs 2,00,000

Duration:16, 21, 25 (Years)

Premium Paying Term: 10, 15, 16 (Years) Age: 20, 30, 40 (Year)

premium age 20 years 30 years 40 years
annual Rs.17450 Rs.17,512 Rs.17,779
annual Rs.11,163 Rs.11,255 Rs.11634
annual Rs.9411 Rs.9545 Rs.10,015


Source: LIC India 

  • People in the age group of 8 to 59 years can take this policy.
  • The policy term can be taken from 16 to 25 years.
  • Minimum Sum Assured of Rs.2 Lakhs to be taken and there is no maximum limit
  •  The loan is also available on payment of premium for 3 years
  •  The nominee gets the benefits of Sum Assured and Bonus on the premium and on the death of the policyholder.

On the death of the policyholder

If the policyholder dies during the term of the policy and has paid all the premiums till the death, the Sum Assured on his death as a death benefit to his nominee, Simple Reversionary Bonus, and Final Addition Bonus (if anything) So) is paid. This means that the nominee will get additional insurance.

Let us tell you how to make 17 lakhs
Explain to you that if a person chooses a 16-year term plan and 10 lakh sum assured option at the age of 23, then he will have to pay Rs 233 daily for 10 years. In this way, he will have to pay a total of Rs 855107. This amount will be given at maturity i.e. at the age of 39, which will be Rs 17,13,000.