Jeevan Labh Maturity Calculator

Plan (Table 9362)

LIC Jeevan Labh Maturity Calculator : The Power of unveiling Financial Wisdom

In the ever-evolving landscape of financial planning, LIC Jeevan Labh (Table-936) emerges as a beacon of stability and prosperity. This article explores the multifaceted advantages of the LIC Jeevan Labh maturity calculator, a potent tool that empowers individuals to make informed decisions for a secure financial future.

Understanding LIC Jeevan Labh (Table-936)

LIC Jeevan Labh is not just an insurance plan; it’s a comprehensive financial solution. This section provides a detailed overview of the plan, highlighting its key features and the importance of incorporating it into a robust financial strategy.

The Significance of a Premium Calculator

a. Introduction to LIC Premium Calculator: Delve into the purpose and functionality of the LIC Premium Calculator, emphasizing its role in simplifying complex premium calculations.

b. Ease of Use: Explore the user-friendly interface of the calculator, making it accessible to both seasoned investors and those new to financial planning.

Exploring the LIC Jeevan Labh Maturity Calculator

a. Accessing the Calculator: Provide step-by-step instructions on how users can access the LIC Jeevan Labh maturity calculator on the official LIC website.

b. Input Parameters: Detail the information users need to input, such as age, sum assured, premium payment term, and others, to generate accurate calculations.

Key Features of the Premium Calculator

a. Premium Calculation: Highlight how the calculator provides instant and precise premium calculations based on the user’s input parameters.

b. Benefit Illustration: Discuss the benefit illustration feature, which breaks down the maturity benefits, including the sum assured and accrued bonuses.

c. Policy Comparison: Emphasize the tool’s ability to facilitate side-by-side comparisons of different policy scenarios, aiding users in choosing the most suitable plan.

Why Choose LIC Jeevan Labh Maturity Calculator?

a. Accuracy and Reliability: Discuss how the calculator ensures accurate and reliable calculations, providing users with a clear understanding of their financial commitments.

b. Transparency: Highlight how the tool promotes transparency by offering a detailed breakdown of premiums and benefits, fostering trust among users.

Financial Planning with LIC Jeevan Labh

a. Stability Amidst Market Volatility: Elaborate on how the non-linked nature of the plan shields policyholders from market fluctuations, ensuring stability in unpredictable times.

b. Tax Benefits: Touch upon the tax advantages associated with LIC Jeevan Labh and how the calculator aids in estimating potential tax savings.

Frequently Asked Questions about Jeevan Labh Premium Calculator

Here are some commonly asked questions regarding the Jeevan Labh premium calculator:

1. What is the minimum and maximum sum assured under Jeevan Labh?

  • The minimum sum assured is Rs 1 lakh, and there is no maximum limit set by LIC. Choose any high sum assured as per your requirement.

2. What is the minimum and maximum age for buying Jeevan Labh?

  • The minimum entry age is 18 years, and the maximum is 55 years. Risk coverage continues until the age of 100.

3. What is the minimum and maximum policy term under this plan?

  • Policy term options are 16, 22, and 28 years. The minimum term is 16 years, and the maximum is 28 years.

4. What are the bonus provisions under Jeevan Labh?

  • Guaranteed additions at Rs 50 per thousand sum assured are payable from the 6th policy year onwards. Simple reversionary bonuses are declared annually based on LIC’s surplus.

5. Can I pay premiums online for Jeevan Labh?

  • Yes, LIC offers online premium payment through its customer portal. Register on the portal and pay premiums online via net banking, debit/credit card, UPI, etc.

6. How is the death benefit calculated under this policy?

  • On death during the term, the nominee receives the sum assured on death plus accrued bonuses and guaranteed additions. Sum assured on death is 10 times the annualized premium for entry age below 45 years and 7 times for age 45 years and above.

7. Can I take a loan against my Jeevan Labh policy?

  • Yes, a loan facility is available once the policy acquires a guaranteed surrender value after paying premiums for at least 2 consecutive years.

8. Can I pay premiums in foreign currency if I reside outside India?

  • For NRIs, premiums can only be paid in Indian rupees, either by remittances from abroad or from an NRO account.

9. How can I contact LIC for more details on the plan?

  • Contact LIC through the toll-free number 155255 or 1860-266-7766. Visit your nearest LIC branch, contact an agent, or find detailed information on LIC’s website and customer portal.

In conclusion, the LIC Jeevan Labh maturity calculator serves as a cornerstone in the journey of financial planning. Its intuitive design, coupled with the robust features of the Jeevan Labh plan, makes it an indispensable tool for individuals seeking stability and prosperity in their financial futures.