I can’t wait for my wealth to grow. I want to double my investments in 6 months. I need to invest in the stock market.” A lot of people lose their lifetime savings, because they don’t have the patience to understand the investment option and would blindly trust anyone with their investment.
Rules Of Money
There are 5 rules pertaining to Money. Let us discuss further to understand how LIC’s Jeevan Labh plan can play a vital role to follow these rules to bring forth the fortunes we anticipate.
Have A Plan, Set Goals!
Many a people think to achieve 1 crore in their life. Is it possible with Labh?
|Plan: 936 Term / PPT : 25/16 years Sum Assured : Rs. 37,10,000|
|Basic Sum Assured (Guaranteed from Day – 1)||37,10,000|
|Bonus @ Rs.50 X 3710 X 25 (Guaranteed When Declared)||46,37,500|
|Final Additional Bonus @ Rs. 450 X 3710||16,69,500|
|Total Maturity Amount||1,00,17,000|
So it can be found that Jeevan Labh plan can be recommended for Short term liability with long term benefit plus upto 7% tax free return and life insurance.
Keep Your Finance Organized
Marriage / Settlement
It’s A Game! Learn How Money Works
Chart depicting the bonus addition workflow
Always Have An Emergency Fund
surrender value chart will be added
For the sake of argument, let us assume, the policy holder dies in the 4 th year!
Case 1. Natural Death
(SA =10,00,000 + Bonus for 4 years = 2,00,000)
Case 2. Accidental Death
(SA + AB + Bonus for 4 years = 10,00,000 + 10,00,000 + 2,00,000)
Always Make Money Work For You
Sum Assured & Declared Bonuses are Guaranteed by Govt of India u/s 37 of L.I.C Act 1956
(minimum protection offered)
(Rs.50 per thousand SA)
(Rs.450 per thousand SA)
Sum Assured + Bonus + FAB
Who can avail this plan
|Age at entry||8 years
|99 years (Term-16),
54 years (Term-21),
50 years (Term-25)
(maximum nearest birthday)
|Maturity Age||75 years
|Policy Term||16 or 21 or 25 years|
|Premium Paying Term (PPT)||10 or 15 or 16 years
(for 16.21,25 terms respectively)
|Basic Sum Assured||Rs.2,00,000|
- Easy to understand
- Ideal for Savings & protection
- Moderate Premiums
- Limited Premium Payment
- Multiple premium payment frequency to choose from
- Premium Discount is available for higher Sum Assured
- Life Cover to the extent of Basic Sum Assured +Bonus + Final Additional Bonus (As applicable)
- Accident Death & Disability Benefit Rider option is available
- Term Rider option is available
- Life cover will start immediately after the policy start date
- Maturity benefit: Sum Assured + Bonus + Final Additional Bonus (as applicable) will be paid at the
end of policy term
- Loan is Available any time after 3 full years premium payment
- Policy can be back dated within the same financial year to match your need
- Premium Paid is TAX EXEMPTED u/s 80 C.
- All returns from the policy are TAX FREE u/s 10 (10)(D)
- Free lookup period for 15 days
How Do Become Wealthy? Most people have it wrong; it is seldom luck/ inheritance/ advanced degree / even intelligence that enable people to amass fortunes. But, wealth is more the result of a lifestyle of hard work, perseverance, planning and most of all, self-discipline.
Compounding: Go for it. But give it TIME!
You can be young without money. But you cannot be old without it! Decide Today. Stay Happy. Jeevan Labh will help you for sure. If you are interested to buy this plan you can click here.