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LIC Jeevan Labh Maturity Calculator
Maturity Breakdown
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Summary
Total Maturity:
Estimated Returns:
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FAQ
1. What are the tax benefits under LIC Jeevan Labh?
Premiums qualify for Section 80C tax deduction, and maturity/death benefits are tax-free under Section 10(10D) if conditions are met.
2. Can I use LIC Jeevan Labh Calculator for loan planning?
Yes, you can estimate the loan amount using the LIC policy loan calculator based on the surrender value.
3. How does the premium payment term affect the maturity amount?
A shorter premium payment term results in higher annual premiums but does not significantly impact the total maturity amount.
4. What’s the difference between Jeevan Labh and other LIC policies?
Jeevan Labh offers limited premium payment, guaranteed returns, and bonus benefits, unlike term plans or ULIPs, which may have different risk and return structures.
5. Is LIC Jeevan Labh good for child education planning?
Yes, it provides guaranteed maturity benefits and lump-sum payouts, making it ideal for long-term child education planning.
6. How to increase LIC Jeevan Labh maturity amount?
Choose a higher sum assured, opt for a longer policy term, and take advantage of bonuses declared by LIC.
7. What happens if I miss premium payments?
You get a grace period of 30 days (15 days for monthly mode); after that, the policy may lapse but can be revived.
8. Can NRIs use the LIC Jeevan Labh Calculator?
Yes, NRIs can use the LIC Jeevan Labh Calculator online to estimate maturity and premiums but should check LIC’s NRI policy guidelines.
9. How to download the LIC Jeevan Labh premium chart?
Visit the official LIC website, contact an LIC agent, or download the premium chart from trusted financial websites.
10. What’s the surrender value in LIC Jeevan Labh?
The surrender value depends on premiums paid and bonuses accrued; surrendering early results in a lower payout.