LIC Jeevan Labh: Save 250 days and get 54 lakhs. This superhit scheme of LIC created a stir, know the complete mathematics of maturity.

News India Live, Digital Desk: Life Insurance Corporation of India (LIC)’s ‘Jeevan Labh – Plan 936’ policy is proving to be a game-changer for investors looking for a secure future and excellent returns. The biggest feature of this plan is that in this you have to pay the premium for a limited time, while the benefits of protection and returns are available for a long time. If you save just around ₹ 250 daily, you can get a huge lump sum amount of up to ₹ 54 lakh on maturity. ₹ 54 lakh magic figure: How does the calculation work? To achieve this huge fund, you have to adopt a special strategy: Age: Suppose you are 25 years old. Policy term: You choose a plan with a tenure of 25 years. Premium payment (PPT): You only need to pay Rs. You will have to pay the premium only for 16 years. Sum Assured: If you take a sum assured of ₹ 20 lakh. Daily Investment: Your average premium will be around ₹ 250 to ₹ 256 per day (about ₹ 7,700 monthly). Maturity Benefit: On completion of 25 years, you can get a total return of up to ₹ 54.50 lakh by combining Sum Assured + Bonus + Final Additional Bonus. LIC Jeevan Labh Key Features of (936): Limited Premium Payment: You do not have to pay for the entire policy term. (For example, only 16 years of payment in a 25 year policy). Tax Benefit: Tax exemption is available on the amount invested under Section 80C and on the maturity amount under Section 10(10D). Loan facility: After paying the premium for 2 consecutive years, you can also take a loan on your policy. Death Benefit: If any untoward incident happens to the policyholder during the policy period, then the nominee will get the amount of Rs. Assured and bonus are paid. Who can take this policy? (Eligibility) Criteria DetailsMinimum age8 yearsMaximum age50-59 years (depending on term)Minimum sum assured₹2,00,000Maximum sum assuredNo limit (depending on income)Is it linked to the stock market?No, it is a non-linked plan. This means that your money does not get affected by the ups and downs of the stock market, due to which your investment remains completely safe and you also get a share in the profits (bonus) of LIC along with guaranteed returns.