Life Insurance Corporation of India (LIC) recently
announced new endowment plan on 4th January which is called name as LIC Jeevan
Labh Plan under the Table no. 836.
LIC's Jeevan Labh
is a limited premium paying, non-linked, with-profits endowment plan which
offers a combination of protection and savings. This plan provides financial
support for the family in case of unfortunate death of the policyholder any
time before maturity and a lump sum amount at the time of maturity for the
surviving policyholder. This plan also takes care of liquidity needs through
its loan facility.
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
Also see Other Lic Plan: - Jeevan Lakshya, New MoneyBack Plan