RealGrowth Nidhi Limited

Jeevan Labh is a life assurance savings plan with limited payment option.
This is ideal plan for those who want to pay the premium for a shorter period
The risk coverage under this plan enhances every year as LIC declared the bonuses. However, the premium does not change
The customer gets the tax-free maturity under this plan which includes the bonus also along with Sum Assured
This plan has an option of choosing the Accidental Life cover, Disability Benefit & Critical illness cover
In case of a minor, this plan also has the premium waiver benefit in case of death of the parent
This plan also has the option of taking the Maturity proceeds in instalments as the policy-holder can choose the no of year as 5, 10 or 15.
In a similar way, the policyholder also has the option of choosing the death benefit in instalments
LIC also offer the discount in the premium in case the mode of payment is Yearly.
The loan is also available to the policyholder after the completion of 1 year of the policy

Eligibility Criteria
	Min.		Max.
Age	8 Years (Completed)		59 Years for Policy Term=16 54 Years for Policy Term=21 50 Years for Policy Term=25
Policy Term	16 Years	21 Years	25 Years
Premium Payment Term	10 Years	15 Years	16 Years
Basic Sum Assured	Rs.2 Lacs		No Limit
Maximum Maturity Age	75 Years (Nearer Birthday)