LIC Jeevan Labh
Customised Wealth Creation for: Mr. Ramesh (Age: 8) [cite: 1, 3]
"Limited premium payment with high maturity benefits." [cite: 1]
Why Jeevan Labh? [cite: 1]
Limited Pay Period
Pay premiums for a shorter term (16 years) while enjoying coverage for the full term (25 years). [cite: 1, 2]
Wealth Creation
Profit-like returns at maturity through participating bonuses (Simple Reversionary Bonus + FAB). [cite: 1, 2]
PWB Rider
Premiums are waived if an unfortunate event happens to the proposer, keeping your child's goal intact. [cite: 1]
Sovereign Trust
Backed by LIC Act 1956 with a 98.62% Claim Settlement Ratio. [cite: 1]
Benefit & Coverage Milestone Projection [cite: 4, 5]
| Year | Age | Cumulative Premium | Cumulative Bonus | Normal Life Cover | Cash Value |
|---|---|---|---|---|---|
| 1 | 9 | ₹46,049 | ₹49,000 | ₹10,49,000 | ₹25,815 |
| 5 | 13 | ₹2,30,245 | ₹2,45,000 | ₹12,45,000 | ₹1,47,147 |
| 10 | 18 | ₹4,60,490 | ₹4,90,000 | ₹14,90,000 | ₹3,54,342 |
| 16 (Last Pay) | 24 | ₹7,36,784 | ₹7,84,000 | ₹17,84,000 | ₹6,08,906 |
| 20 | 28 | ₹7,36,784 | ₹9,80,000 | ₹19,80,000 | ₹8,97,049 |
| 25 | 33 | ₹7,36,784 | ₹12,25,000 | ₹22,25,000 | ₹26,75,000 |
*Figures are based on a Sum Assured of ₹10,00,000. Maturity includes SA + Bonus + FAB. [cite: 4, 5]
Benefit from deductions under Section 80C and tax-free maturity under 10(10D). [cite: 2]
The only insurance company owned by the Government of India. [cite: 1]
Disclaimer: Premium shown is indicative. Bonus values are subject to future declarations by the insurer. Please read the sales brochure carefully. [cite: 6]