
  - 	Jeevan Labh is a life assurance savings plan with limited payment option.
- 	This is ideal plan for those who want to pay the premium for a shorter period
- The risk coverage under this plan enhances every year as LIC declared the bonuses. 
However, the premium does not change
- 	The customer gets the tax-free maturity under this plan which includes the bonus 
also along with Sum Assured
- 	This plan has an option of choosing the Accidental Life cover, Disability Benefit & 
Critical illness cover
- 	In case of a minor, this plan also has the premium waiver benefit in case of death of 
the parent
- 	This plan also has the option of taking the Maturity proceeds in instalments as the 
policy-holder can choose the no of year as 5, 10 or 15.
- 	In a similar way, the policyholder also has the option of choosing the death benefit 
in instalments
- 	LIC also offer the discount in the premium in case the mode of payment is Yearly.
- 		The loan is also available to the policyholder after the completion of 2 years of the 
policy
- Settlement option avilable on Maturity and Death   in Installments of 5,10 or 15 Years
 
How Does This Policy Work
Sample illustration
  
    | Eligibility Criteria | 
  
    |  | Min. | Max. | 
  
    | Age | 8 Years (Completed) | 59 Years for Policy Term = 16 54 Years for Policy Term = 21
 50 Years for Policy Term = 25
 | 
  
    | Policy Term | 16 Years | 21 Years | 25 Years | 
  
    
    | Premium Payment Term | 10 Years | 15 Years | 16 Years | 
   
   
    | Basic Sum Assured | Rs.2 Lacs | No Limit | 
  
    | Maximum Maturity Age | 75 Years (Nearer Birthday) | 
  
	| Rider | LIC’s NEW CRITICAL ILLNESS BENEFIT RIDER(CIR) | 
	| Rider | LIC's  ACCIDENTAL DEATH AND DISABILITY  BENEFIT RIDER | 
	| Rider | LlC's ACCIDENT BENEFIT RIDER | 
	| Rider | LIC’s PREMIUM WAIVER BENEFIT RIDER (PWB) - If life assured is Minor | 
	| Rider | LIC's NEW TERM ASSURANCE  RIDER (TR) |