LIC Policy For 10 Years With Higher Returns | LIC Jeevan Labh Plan 936 Complete Details | LIC 2024

LIC Policy For 10 Years With Higher Returns | LIC Jeevan Labh Plan 936 Complete Details | LIC 2024

Welcome to Josh Money!
In this video of Josh Money, CA CS CMA Nikkhil Gupta is talking about LIC Jeevan Labh Plan 936 Details in Hindi.

LIC's Jeevan Labh is a limited premium paying, non-linked, with-profits endowment plan which offers a combination of protection and savings. This plan provides financial support for the family in case of the unfortunate death of the policyholder any time before maturity and a lump sum amount at the time of maturity for the surviving policyholder. This plan also takes care of liquidity needs through its loan facility.
1. Benefits:
Death benefit:
In case of death during the policy term, provided all due premiums have been paid, Death benefit, defined as the sum of "Sum Assured on Death", vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable. Where "Sum Assured on Death" is defined as the higher of 7 times of annualised premium or Absolute amount assured to be paid on death i.e. Basic Sum Assured. This death benefit shall not be less than 105% of all the premiums paid as of the date of death.
Premiums referred above shall not include any taxes, extra amount chargeable under the policy due to underwriting decision and rider premium(s), if any.

Maturity Benefit:

"Sum Assured on Maturity" equal to Basic Sum Assured, along with vested Simple Reversionary bonuses and Final Additional Bonus, if any, shall be payable in a lump sum on survival to the end of the policy term provided all due premiums have been paid.

Participation in Profits:
The policy shall participate in the profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation, provided the policy is in full force.
Final (Additional) Bonus may also be declared under the policy in the year when the policy results in a claim either by death or maturity.

2. Optional Benefit:
The policyholder has an option of availing of the following Rider benefit(s):

LIC's Accidental Death and Disability Benefit Rider (UIN: 512B209V01)
LIC's New Term Assurance Rider (UIN: 512B210V01)
The rider sum assured cannot exceed the basic sum assured.

LIC Jeevan Labh Plan 936 Full Details | LIC Best Plan 2022 | Best LIC Policy in Hindi | Josh Money

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[subhambiswas]

What a great return of around 4.05%, I'm impressed.

[myfashionworld-vykw]

25 saal k bad 2.50 invest krunge or mujhe sirf 5 lakh milenge tb k to bhot 5 lakh bhi 5 hajar lgenge

[radheshyamlakhara]

2005 me gold 7000 rs 10gm ka tha..2012 me 30000, 2024 me 60000 chal rha hai.jab 20 saal ne rs ki value itni gir gyi.

[PramodKumar....]

Postal life insurance (PLI) is the best policy.
Bonus rate never changes.
Bonus Rate 5200 Rs. Per Rs.

[shreetaxconsaltancy]

excellent plan for fund creation for long term provisions

[veergumma]

If someone died before maturity how much nominee will get ?

I think 2 lakh sum assured is not enough bcz govt is already giving 2 lakh in 12rs and 330rs y we need to choose this policy for only 2 lakh as death befinit

[kirananpat]

Logo ko acche return chahiye also risk cover bhi chahiye..
Yahi pata nahi insurance hota kyu hai or kab lena hai konsa lena
Lack of knowledge ki wajah se log
Insurance companies ko koste rahte hai.

[apurbaghoshal]

Crystal clear explanation .Jay Hind .

[kaitakitchen]

अपने फ़र्स्ट लाइन में ही LIC agent को कन्फ़्यूज करने वाला बोलकर, तुमने अपना first impression ही ख़त्म कर दिया, तुम जो अपने आप को CA बोलकर ये जताना चाहते हो कि तुम्हें LIC की ज़्यादा जानकारी है इतनी मेहनत अगर तुमने अपने काम में की होती तो तुम जैसे CA 500-1000 रू में LIC agent की return नहीं भर रहे होते, अरे भाई अपने बात रखनी है सीधे सीधे रख, दूसरे के काम को हल्का बता कर उससे बड़ा थोड़े ही बन जायेगा 😊

[bjorn]

This is the best lic policy....mera bhi 2 saal me 141000 bonus ho chuka h is policy me....

[dilipsana]

My lic policy has matured on 12/10/2017 but still now no intimation from lic office. Now what to do & will get interest nearly 5.5 years & how much ROI after maturity if not received maturity amount. Pl tell me details.

[pardeshisahu]

Pahle bonas 47% tha ab 44% hogaya pata nahi 21, 25 sal me kitna kam hoga aur lic khud paisa shear market me laga ke bahut kamate hai aur hamara bonas kam karte hai

[pramodsahu]

Mutual fund best hai lekin usme tension jyada hai but lic me tension nhi hai fixed hai ki itna milna he hai

[kalilinux]

Yesterday I had my mind blown by a LIC agent. He pitched me a policy in which I had to invest 2, 00, 000/- per year till 15 years and then I'll get 2, 00, 000/- per year till I die and an extra 50, 00, 000/- after my death. So in total if I die at 60 age, I would have received my initial investment + premium i.e. 30L + 15L = 45L. And my family will receive an extra 50L so in total my home will have received 45L + 50L = 95L.

Sounds cool right? I mean you would say I might not die at 60 instead I will die at 80 or 90, in that case, The amount I would have received (excluding 50L) Comes out to be 86L. Nice n?

Well, I would not agree with you. Here's why:
If I put 2, 00, 000/- each year for 15 years in an FD with an interest rate of 7% per year. At the age of 60, my money in the FD would have become 2.38CR i.e. Rs 2, 38, 00, 000/-
What was the amount LIC would have given me? Right, 45L + 50L insurance adding them together is not even half of what I could generate.

Did I mention what would happen if this amount was to be kept in the bank till I'm 80 age? Rs 9, 22, 00, 000/- i.e 9.22 Crore.
Just imagine what would happen if you put it in a mutual fund which gives you 12% intrest. Let me help you the amount at age 80 will be 97.47 Crores. And at 60 age you'll get 10.10 Crores.

All you need is to put away set amount of money aside like you do for a policy but instead invest it in FD, Bonds, or Mutual funds.
Good luck.

[TanmoyChatterjee-riddler]

What's about inflation rates? Kindly deduct the amout according to inflation rates, then show us how much we can have in hand after several years. Thank you

[arjunpradhan]

Sir maine yeh plan 2020 main leya tha kya main is plan ko chage/upgrade kar sakta hu please suggest

[prakashpatidar]

Hello kya aap bataye ge 1 sal ke bacche ke liye konsa insurance kr sakte ... High return good life cover

Child bachho ke liye insurance bima
Please bataye reply

[pd]

Don't you think term insurance is much better than these policies?

[soumyaranjanswain]

Which insurance is best
Bajaj Allianz vs LIC
Please do a video on it.

[varunberi]

After watching ur video... I purchase this policy of 5 lakhs rupee