LIC Jeevan Labh Plan 914: A Smart Investment for Secure Future
Life insurance is more than just protection; it’s a smart way to secure your future with guaranteed returns. LIC Jeevan Labh Plan 914 is a limited premium endowment plan that combines the benefits of life coverage and savings, making it an ideal option for long-term financial planning. Whether you’re planning for your child’s education, retirement, or any future milestone, this plan offers financial security and attractive returns.
Key Features of LIC Jeevan Labh Plan 914
- Limited Premium Payment – Pay premiums for a limited period while enjoying long-term benefits.
- Guaranteed Maturity Benefit – A combination of sum assured and bonuses is paid at maturity.
- Life Cover Protection – Ensures financial stability for your family in case of an unfortunate demise.
- Flexible Policy Terms – Choose from policy terms of 16, 21, or 25 years.
- Rebate on High Sum Assured – Get discounts on premiums for higher sum assured amounts.
- Loan Facility – Avail a loan against the policy after a specified period.
- Tax Benefits – Get tax exemptions on premiums paid and maturity benefits under Section 80C & 10(10D).
Benefits of LIC Jeevan Labh Plan 914
- Maturity Benefit:
- On survival till maturity, the policyholder receives Sum Assured + Bonus + Final Additional Bonus (if any).
- Death Benefit:
- In case of the policyholder’s demise during the policy term, the nominee receives Sum Assured on Death + Bonuses.
- Participating Policy:
- The plan participates in LIC’s profit-sharing, earning Simple Reversionary Bonuses and Final Additional Bonuses.
- Premium Paying Term (PPT) Flexibility:
- Pay premiums for 10, 15, or 16 years while enjoying long-term benefits.
- Rider Benefits:
- Add extra protection with riders like Accidental Death & Disability Benefit, Term Rider, and Critical Illness Rider.
- Liquidity Option:
- If needed, a policyholder can take a loan against the policy after completing two years.
Eligibility Criteria for LIC Jeevan Labh 914
| Criteria | Details |
|---|---|
| Minimum Entry Age | 8 years |
| Maximum Entry Age | 59 years |
| Policy Term | 16, 21, or 25 years |
| Minimum Sum Assured | ₹2 lakh |
| Maximum Sum Assured | No limit |
| Premium Payment Term | 10, 15, or 16 years |
Who Should Buy LIC Jeevan Labh Plan 914?
- Individuals looking for a combination of savings and insurance.
- Parents planning for their child’s future education and marriage.
- Young professionals who want long-term financial security.
- People planning for a stress-free retirement with guaranteed returns.
How to Buy LIC Jeevan Labh Plan 914?
- Visit the LIC Official Website or nearest LIC branch.
- Select the Sum Assured & Policy Term based on your financial goals.
- Fill Out the Application Form with personal and medical details.
- Submit Required Documents (ID proof, address proof, and income proof).
- Make Premium Payment through online or offline modes.
- Receive Policy Documents via email or post after approval.
Conclusion
LIC Jeevan Labh Plan 914 is a perfect blend of insurance protection and savings. With limited premium payments, guaranteed returns, and flexible policy terms, this plan ensures financial security for policyholders and their families. Whether you’re looking to build wealth, plan for major life events, or secure your retirement, LIC Jeevan Labh is a trusted choice.
Start your financial journey today with LIC Jeevan Labh Plan 914! For expert guidance, visit LICFuture.com or contact us now.
