I like to know about my lic jeevan Labh, i took the policy for 5lac, 10 years premium, 16 years total policy period. what the amount i have to pay for 10 years and what are the benefits i get , please explain clearly. what is the use of this policy.
Regards
srikanth
If i pay only 3years premium, what are the benifits i ll get? and after 10 years premium if i expire my nominee wil get the all benifits after 16years.
Hi.. If your surrender or discontinue the plan after 3 policy years then Plan will become a PAID-UP one. To know about the exact surrender value, you may kindly contact LIC or your agent.
On unfortunate event, your nominee will receive the Sum Assured + Accrued Bonuses + FAB (if any) immediately.