Lic Jeevan Labh
vs
Fixed Maturity Plan

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Lic Jeevan Labh vs Fixed Maturity Plan

Lic Jeevan Labh

LIC Jeevan Labh (Plan No: 936) is a limited premium paying, non-linked (Not dependent on equity-based funds and money/share market) with-profit endowment plan that comes out with various benefits to serve its clients. It offers a combination of protection and savings that means you will stay protect...

Fixed Maturity Plan

Aditya Birla Sunlife Fixed Maturity Plan is a non-linked, non-participating endowment product providing fully guaranteed benefits as a lump-sum on maturity. ABSLI Fixed Maturity Plan is a savings vehicle that offers life insurance protection and savings advantages to protect your loved ones from fin...

PLAN DETAILS

Lic Jeevan Labh


Fixed Maturity Plan

Premium Including GST
Key Features
(Key features of the plan)
  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
  • Tax Benefits u/s 80C & 10 (10D)
  • Single Premium
  • ZERO Withdrawal Charges
Plan Uniqueness
  • Death Benefits
  • Maturity Benefits
  • Rebates
  • Policy loan
  • Enhanced sum assured
  • Tax benefit
Plan Maturity age Maximum Maturity Age - 75 years 70 years
Premium payment term 10,15,16 years Single, Limited, Regular
Plan Entry Age Minimum Age - 18 years Maximum Age - 65 years 8 years
Sum assured Rs 2 lakhs to No limit Rs. 15000- no limit
Premium payment frequency Annual, half-yearly, quarterly & monthly Single, Limited, Regular
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy tenure 16,21,25 years Minimum-5 to Maximum-10 years.
Claim Settlement Ratio (2023-24) 98.62 98.12

Know More About Plans

Overview

LIC Jeevan Labh (Plan No: 936) is a limited premium paying, non-linked (Not dependent on equity-based funds and money/share market) with-profit endowment plan that comes out with various benefits to serve its clients.

It offers a combination of protection and savings that means you will stay protected and will be able to save your money efficiently. It also provides financial support to the family the needful in case of the insured's unfortunate demise.

It is a basic endowment plan where you need to pay premiums for a limited time and at the end of the policy term, you will get the Maturity Benefits. In case of the death of the policyholder at a time during the policy term, the nominee will get the Death Benefit in the form of a Sum Assured and bonuses.

LIC Jeevan Labh Plan offers you a range of benefits including:

why-choose
  • Death Benefits
  • Maturity Benefits
  • Loan Facility
  • Profit Participation
  • Rebates

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Bijender Singh

Reviewed By: Bijender Singh

With 9 years of progressive experience in the insurance industry, including 7 years at Policy X, I have honed my expertise in Life and Health Insurance. My strengths lie in devising customer-centric solutions, streamlining insurance processes, and delivering exceptional service. I have successfully led high-performing teams, excelling in business planning, manpower management, and strategic decision-making.