About:
LIC Jeevan Labh Plan or LIC plan 936 is an endowment plan from the Life Insurance Corporation of India. This is an endowment plan that is available for purchase online and through agents also. The LIC Jeevan Labh Policy can be purchased by an individual between the age of 8 and 50. The term of the policy is 16 to 25 years. However, the maximum age limit is 75 years. The minimum sum assured on the LIC Jeevan Labh Policy is Rs. 2 lakh and above in multiples of Rs.10,000. The policyholder can opt for a lump sum level sum assured at maturity or in installments of 5, 10, or 15 years. The premiums on the LIC term insurance can only be paid through the regular method as it is a regular premium payment policy. An accidental rider and 4 other riders are optional which provides additional benefits at a higher premium. In case of death of the policyholder, the sum assured amount is paid to the nominee in a lump sum or through regular payouts.
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