Jeevan Labh LIC Plan Table No. 836

Jeevan Labh LIC Plan 2016 Table No. 836 benefit, Premium Calculation, New Chart, Policy Review, Loyalti Additions information for LIC Agents and Customers.

LIC Jeevan Labh Plan Table No. 836 Maturity Benefit in Complete Detail

Life Insurance Corporation of India (LIC) recently announced new endowment plan on 4th january which is called name as Jeevan Labh LIC Plan under the Table no. 836. A Unique Identification Number which is given by the LIC Jeevan Labh Plan and that is 512N304V01. OWho required to buy the policy of Jeevan Labh have to quote policy holder relevant documents and UIN No.

Jeevan Labh new plan 2016 hd logo

Jeevan Labh new plan 2016 hd logo

LIC Jeevan Labh Plan who is non Linked (Not Dependent on Share Market) limited Premium Paying Endowment Plan So for this Table no. 836 Policy holder pay term in less than policy term For Example If policy term 16 has selected then Policyholder have to paid only 10 years time premium and maturity amount will be paid after the 16 Years of Completion. This Jeevan Labh Policy is same liek jeevan shree which is currently close on sale and it is one of the highest bonus attracting plan of LIC in history. So all the policy holder may try this Jeevan Labh Policy.

Also see Other LIC Plan : Jeevan Shikhar   | Jeevan Pragati | New Jeevan Anand | LIC Money Back Policy

 

Key Features of LIC Jeevan Labh Plan

  • Higher Return due high bonus
  • under this policy Premiums need to be paid for less number of years than Maturity year
  • Ideal Plan for planning Child’s Education and Marriage
  • Options to avail accidental benefit and term riders
  • Paid premiums on this policy are exempted from income tax under 80C
  • Maturity amount of jeevan labh is tax free under 10 (10D)

Table No. 836 – Jeevan Labh Plan Parameters

Minimum Age at Entry 8 Years (Completed)
Maximum Age at Entry 59 Years for 16 Year Term
54 Years for 21 Year Term
50 Years for 25 Year Term
Premium Paying Mode Yearly, Half Yearly, Quarterly, Monthly (ECS Only)
Calculate Your Premium
Policy Term (Premium Payment Term) 16(10), 21(15), 25(16)
Basic Sum Assured amount 2,00,000 and above (in multiple of 10,000)
Premium Payment Mode rebate 2% on yearly, 1% on Half Yearly, Nil on Quarterly & Monthly
Rebate on High Sum Assured
(Per 1000 of Sum Assured)
0% up to 4,90,000
1.25% for 5,00,000 to 9,90,000
1.50% for 10,00,000 to 14,90,000
1.75% for 15,00,000 and above
Loan Facility After 3 years
Surrender info After 3 years of full premium payment

Maturity Benefits:

On survival of the Life Assured after the completion of policy term at maturity,

Maturity benefit (Benefits payable on maturity) = Basic Sum Assured + vested Simple Reversionary Bonuses + Final Additional Bonus, if any.

Death Benefits:

In case Policy holder death during the policy term then Death Benefit : ‘Sum Assured on Death’ + vested Simple Reversionary Bonuses + Final Additional Bonus, if any.

Ho to Buy Jeevan Labh LIC Policy ? Which Procedure have to do to Bought Jeevan Labh Plan ?

If you want to buy LIC Jeevan Labh Policy then below is the require document for that.

  • Application form/ Proposal form No. 300, 340 and 360 along with a photo.
  • Address proof.
  • Age proof.
  • Medical reports(if required).
LIC Jeevan Labh Premier Calculator - Wall Chart

LIC Jeevan Labh Premier Calculator – Wall Chart

Death Claim Details

death claim details for 15lakh
Year Age Normal Life Cover (Approx) Accidental Life Cover (Approx)
2016 24 1953000 3453000
2017 25 2031000 3531000
2018 26 2109000 3609000
2019 27 2187000 3687000
2020 28 2265000 3765000
2021 29 2343000 3843000
2022 30 2421000 3921000
2023 31 2499000 3999000
2024 32 2577000 4077000
2025 33 2655000 4155000
2026 34 2733000 4233000
2027 35 2811000 4311000
2028 36 2889000 4389000
2029 37 2967000 4467000
2030 38 2715000 4215000
2031 39 2800500 4300500
2032 40 2893500 4393500
2033 41 2986500 4486500
2034 42 3117000 4617000
2035 43 3277500 4777500
2036 44 3400500 4900500
2037 45 3591000 5091000
2038 46 3744000 5244000
2039 47 3897000 5397000
2040 48 4125000 5625000

How to Claim LIC New Plan of Jeevan Labh – Closing Procedure

Below are the necessary Document to claim Procedure for LIC Jeevan Labh Table no. 836.

  • Original Policy Document
  • NEFT Mandate Form.
  • Proof of Title.
  • Death Certificate.
  • Accident/ Disability Proof (as mentioned in the rider circular).
  • School/ College/ employer’s certificate.
  • If age is not admitted under the policy, the proof of age of the Life Assured shall also be submitted.

Premium Calculator of Jeevan Labh LIC Plan 2016 which is under TAble no. 836

Here we share with you LIC Jeevan Labh Plan 836 Premium and Maturity Calculator. To calculate Premium of Jeevan Labh online kindly enter the following details on the below box.

  • Name.
  • Email Id.
  • Mobile.
  • Age.
  • Term.
  • Sum Assured

After submit all the above information you can easily calculate the LIC Jeevan Labh Plan Premium amount. .

Also see : Jeevan Shikhar Table No. 837 LIC New Plan

More information for this Jeevan Labh Table no. 836 Plan

Can This Policy Provide the Loan Facility ?

Yes, Jeevan Labh Plan provide the Loan facility If you paid payment of premiums for at least 3 full years subject to the policy conditions.

Grace Period for Premium Payment in Jeevan Labh ?

Under the LIC Jeevan Labh Table no. 836 Plan grace period is given one month for a yearly payment of premium.

Participation in Profit ?

Yes This Plan of Jeevan Labh is participate in Profits of Corporation so receive simple reversionary bonuses.

Paid up Value

Paid-up Value = Basic Sum assured x (No. of premiums paid/ Total no. of premiums payable)

Surrender Value

You can Close / Surrendered this plan at any time 3 Full years premium necessary for full payment.

Suicide Clause

If policy holder suicide before 12 month from the commencement of risk date then he/she will be return 80% amount of premiums paid and its are excluding taxes.

Know About Axis Emerging Opportunities Fund Series 2 Growth Scheme (1400 days), key features Start date

Axis Mutual Fund Recently Launched the NFO of Rs. 10 per Share of Axis Emerging Opportunities Fund series 2 which is close ended equity scheme for 1400 days. Investor can Invest in this NFO of Axis Emerging Opportunities Fund series 2 Midcap Fund from the 3rd February 2017 to 17 February 2017. No entry load and exit load will be applicable for the scheme.

Fund Manager of this schedule is popular Businessman Anupam Tiwari & Jinesh Gopani. Investor minimum subscription amount is Rs 5,000 and then after in multiples of Re 10.

The investment objective of the scheme is to generate long term capital appreciation by investing in a diversified portfolio of equity & equity related instruments of midcap companies.

Minimum Application Amount

Rs. 5,000 and in multiples of Re. 10/- thereafter

Plans
– Axis Emerging Opportunities Fund – Series 2 (1400 Days)

Options under each plans
– Growth

Loads
Entry : 3 to 17 February 2017

Exit Load: After end of 1400 days

Why to invest in Close Ended Funds ?

Long term orientation for both investors and fund manager.
No liquidity pressure on the portfolio
Work Ideally for a buy and hold strategy.
Long Term Investment in the tru sense with pootential for wealth creation.

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