Benefits / USP of LIC Jeevan Labh Online
| a) | Short-term premium payment | : | LIC Jeevan Labh offers peace of mind by offering to choose from 3 premium paying terms. You can choose to pay the premium for 10/15 or 16 years. |
| b) | Maturity benefit | : | Maturity in Jeevan Labh is given after a few years after premium payment stops. In 10 years premium paying policy, you get maturity returns at 15 years. In 15 years at 21 years and 16 years policy at 25 years. Policyholders enjoy life cover until maturity without any premium payment. |
| c) | Tax benefit | : | Jeevan Labh helps you reduce your taxable income by investing up to Rs.1.5 lakh under Section 80C. The claims or maturity amount received is also tax-free under 10(10D) |
| d) | Riders | : | You can choose from a variety of Riders. Accidental Rider most commonly opts. For a nominal premium, get double your Basic Sum Assured |
Eligibility Conditions for LIC Jeevan Labh Online
| a) | Minimum Basic Sum Assured | : | Rs. 2,00,000 |
| b) | Maximum Basic Sum Assured | : | No limit |
| c) | Policy Term | : | 16, 21, and 25 years |
| d) | Premium Paying Term | : | 10 years for 16 years Term 15 years for 21 years Term 16 years for 25 years Term |
| e) | Minimum Age at entry | : | 8 Years Completed |
| f) | Maximum Age at Entry | : | 59 years for 16 years Term 54 years for 21 years Term 50 years for 25 years Term |
| g) | Maximum Age at Maturity | : | 75 years |