Is Jeevan Labh endowment plan?

Which is better Jeevan Labh or PPF?

The PPF scheme helps you accumulate a guaranteed corpus which is also tax-efficient in nature. ... For fixed returns, you can compare PPF vs LIC Jeevan Labh which is an endowment plan with guaranteed benefits. Both the schemes help you accumulate a corpus through long term investments and avail of tax benefits.

What is an endowment policy?

An endowment policy is essentially a life insurance policy which, apart from covering the life of the insured, helps the policyholder save regularly over a specific period of time so that he/she is able to get a lump sum amount on the policy maturity in case he/she survives the policy term.

What is the difference between Jeevan Labh 836 and 936?

The initial version of the Jeevan Labh plan having plan number 836 was revised with effect from 1st February and was renamed as Jeevan Labh 936. LIC's Jeevan Labh (T 936) is an endowment type of plan with a shorter or limited premium payment period.

What is plan 836 in LIC?

LIC Jeevan Labh Plan - Table No. 836

LIC Jeevan Labh is a simple endowment plan. You pay premiums for a limited period of time and at the end of the policy term, you will get the Maturity Benefits. In case of death of the policyholder anytime during the policy term, the nominee will get the Death Benefit.

How can I be a LIC agent?

Is there any LIC policy for 16 years?

The LIC Jeevan Labh policy can be purchased any individual in the age group of 8-59 years if the policy term is for 16 years. The minimum sum assured for LIC's Jeevan Labh policy is ₹ 2 lakh and there is no maximum limit for the quantum of sum assured, according to the LIC website.

What is commission rate for LIC agent?

Though, Agents earn the commission for the policies they sale. LIC offers 25% to 35% commission on the policy premium for the first year, then 7.5% for 2nd & 3rd Year + 5% till the policy maturity.

Is Jeevan Labh 936 a good policy Quora?

Presently LIC Jeevan labh is the best policy lic is offering in terms of returns . Same is the case with 10/16, 10 years is the premium paying term and 16 years is when the policy matures . Hello sir , Presently LIC Jeevan labh is the best policy lic is offering in terms of returns .

How can I cancel my Jeevan Labh policy?

836. Traditional plans are not designed to offer much flexibility when it comes to exiting anytime before the end of the policy term. You will only get back a part of the premiums which you have paid. You can use the surrender value factors mentioned below to know the amount you will get in case you surrender the plan.

What is the maturity amount in LIC Jeevan Labh 936?

About Jeevan Labh Plan (936) Maturity Calculator

Maturity: Maturity of Jeevan Labh is available after completion of Policy Term and maturity will be equal to Basic Sum Assured + Accumulated Simple Reversionary Bonus (Bonus) during policy term + Final Additional Bonus (if any) (FAB).

What is the death benefit of LIC?

Death benefit :

On Death during the policy term: Death benefit, defined as sum of Sum Assured on Death and vested Simple Reversionary Bonuses and Final Additional bonus, if any, shall be payable. Where, Sum Assured on Death is defined as higher of 125% of Basic Sum Assured or 10 times of annualised premium.

Which is the best endowment plan?

What are the three types of endowments?

How are endowment plans calculated?

Which is better PLI or LIC?

In terms of premiums, LIC has a higher rate of a premium compared to PLI. Many PLI plans offer a bonus which is quite high. Many LIC plans also offer bonus. However, the bonus rate is low compared to PLI plans.