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LIC Jeevan Labh Any One Can Begin Investing At Age Of 8 Years And Get All The Benefits

LIC Jeevan Labh Any One Can Begin Investing At Age Of 8 Years And Get All The Benefits
Written by Arindam

LIC Jeevan Labh: The country’s largest insurance company LIC is trusted by crores of people of the country. The reason for this trust is the safe investment in LIC’s schemes and also the hefty returns on maturity. If you have not invested in any LIC scheme till now, then we are going to tell you about such a scheme, by investing in which you can become a millionaire.

LIC Jeevan Labh policy can be the best option for you. LIC’s Jeevan Labh policy is a non-linked plan. That is, it is not dependent on the stock market. This is the reason why this plan is also considered safe. In this policy, by investing Rs 233 per month i.e. less than Rs 8 per day, you can get Rs 17 lakh on maturity. According to LIC, the minimum investment age in this scheme has been kept at only 8 years. That is, any minor can also take this policy. Also the maximum age for investment is 59 years. This policy can be taken for a period of 16 to 25 years.

75 Will get benefit for a year

LIC says that if a person chooses the policy term for 21 years, then for this his age should be less than 54 years at the time of taking the policy. At the same time, the age limit of the individual is 50 years for the policy term of 25 years. The maximum age limit for the maturity of the policy has been kept at 75 years. Unfortunately, if the policyholder dies during the policy term, then the nominee gets the benefit. Along with the bonus, the nominee also gets the benefit of sum assured. Other benefits of this scheme include tax exemption.

required documents

  1. address verification documents
  2. KYC documents. For example, information related to PAN, Aadhar, Income Tax Return
  3. proof of age
  4. Completely filled application form
  5. Medical examination if needed
  6. medical history

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Arindam

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