A LIMITED PREMIUM PAYMENT ENDOWMENT INSURANCE PLAN

**A LIMITED PREMIUM PAYMENT ENDOWMENT INSURANCE PLAN**

Insurance is an essential aspect of financial planning, providing individuals with a sense of security and protection against unforeseen circumstances. One such insurance plan that offers a combination of savings and life cover is LIC's Jeevan Labh. This limited premium payment endowment insurance plan is designed to provide policyholders with a host of benefits, making it an attractive option for those looking to secure their future.

The key feature of LIC's Jeevan Labh is the affordable premium payment structure. Policyholders are required to pay just Rs. 200 per day for a period of 15 years. This moderate premium ensures that individuals from various income brackets can avail of the plan and secure their financial future without straining their budgets.

The plan offers a tax-free maturity amount of Rs. 26 lakh, making it an attractive investment option. The maturity amount can be utilized for various purposes such as funding higher education, starting a business, or even planning for retirement. This tax-free benefit ensures that policyholders can enjoy the full value of their investment without any deductions.

In addition to the savings component, LIC's Jeevan Labh also provides a life cover to policyholders. This ensures that in the unfortunate event of the policyholder's demise during the policy term, their family will receive a lump sum amount as a death benefit. This life cover provides financial security to the policyholder's loved ones, ensuring that their future is protected even in their absence.

LIC's Jeevan Labh also offers a host of additional benefits to policyholders. One such benefit is the availability of a loan against the policy. This feature allows policyholders to meet their financial needs by availing a loan against the policy's surrender value. This loan can be utilized for various purposes such as funding education, medical expenses, or even meeting short-term financial obligations.

Another advantage of LIC's Jeevan Labh is the double tax benefit it offers. The premium paid towards the policy is tax-exempted under section 80C of the Income Tax Act. This provides individuals with an opportunity to save on their tax liability while securing their financial future. Additionally, all returns from the policy are tax-free under section 10/10D of the Income Tax Act. This ensures that policyholders can enjoy the full benefits of their investment without any tax implications.

Furthermore, LIC's Jeevan Labh also provides a double accident benefit. In the unfortunate event of an accident resulting in the policyholder's death, an additional sum assured is paid to the nominee. This ensures that policyholders and their families are protected against unforeseen accidents, providing them with an added layer of financial security.

In conclusion, LIC's Jeevan Labh is a limited premium payment endowment insurance plan that offers a host of benefits to policyholders. With affordable premiums, tax-free maturity amount, life cover, loan availability, double tax benefit, and double accident benefit, this plan provides individuals with a comprehensive solution for their financial needs. By investing in LIC's Jeevan Labh, individuals can secure their future and provide financial security to their loved ones.

#insurance

#homeinsurance

#lifeinsurance

#starhealthinsurance

#lic

#licjeevanumang

#licofindia

#carinsurance

#thirdparty

#generalinsurance

#bzybee

#bzybeeinsuranceservices

#madurai

#uthangudi