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LIC

LIC's JEEVAN LABH (836) PLAN

UIN: 512N304V01

This is limited premium paying, non-linked, with-profits endowment plan which offers combination of protection and savings

Limited Premium paying

With Profits endowment

Takes care of liquidity needs through its loan facility

Features and Benefits

This 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 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.

"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 lump sum on survival to the end of the policy term provided all due premiums have been paid

In case of death during the policy term, provided all due premiums have been paid, Death benefit, defined as 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 10 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 on 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.

The policy shall participate in 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 into a claim either by death or maturity.

The policyholder has an option of availing the following Rider benefit(s):

  • LIC's Accidental Death and Disability Benefit Rider (UIN: 512B209V01)
  • LIC's New Term Assurance Rider (UIN: 512B210V01)

Rider sum assured cannot exceed the basic sum assured.

For more details, refer to nearest Axis bank branch..

Life Insurance Coverage Is Available In This Product. This Life Insurance Product Is Offered and Underwritten By Life Insurance Corporation of India. The Life Insurance contract is between the Proposer and Life Insurance Corporation of India.


For more details on the risk factors, Terms and Conditions, please read the sales brochure carefully before concluding a sale. You may be entitled to certain applicable tax benefits on your premiums and policy benefits. Please note all the tax benefits are subject to tax laws prevailing at the time of payment of premium or receipt of benefits by you. Tax benefits are subject to changes in tax laws. Insurance is the subject matter of solicitation.


The purchase of a Life Insurance Corporation of India product by Axis Bank's customer is purely on a voluntary basis. As Axis Bank is not in the business of insurance, there is no link either direct or indirect between the banking services offered by the bank to its customers and use of the insurance products.

ARN: LIC/Axis/Web Content/Jeevan Labh/ Nov 2017

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