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LIC New Endowment Plan VS Jeevan Labh 936? | Detailed Plan Comparison 2021 - YouTube
Channel: Policybazaar
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Hello guys
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Welcome back to our channel policybazaar.com.
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Today I have come here to tell you about a few more life insurance plans
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Generally, you all must be thinking that which policy will be beneficial for you but
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, let me tell you that, the insurance policy
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which will fulfil your requirements will also be the policy beneficial for you.
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Let's start with our video of Insurance -knowledge and informations.
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Today we will tell you about such insurance plan which will be highly
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beneficial for you and their name stands as:
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LIC New Endowment Plan
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and LIC Jeevan Labh Policy 936.
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In the first place, let us know what is endowment plans?
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Endowment plan offers you the dual benefit of protection and savings.
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It also provides that as well as maturity benefit for its takers.
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Endowment plan is considered the best for the people having believe in
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long-term savings because along with
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long-term savings it also provides you with life insurance coverage.
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What is LIC New Endowment Plan?
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This plan is also known as endowment plan
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and as you are aware this plan provides you the dual benefits:
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long-term savings and life insurance coverage.
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Only this but this plan provides you with maturity and death benefits too.
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It is quite affordable. You can buy this plan and secure your family.
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LIC offers many plans which comes under LIC new endowment plan:
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1. Single Premium endowment plan
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2. LIC New Jeevan Anand
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3. LIC Jeevan Rakshak
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4. LIC Jeevan Lakshya
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5. Ltd. Premium Endowment Plan
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You can check about them by clicking on the link given in the description box
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Features of LIC New Endowment Plan
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1. This plan is also called by the name of traditional endowment plan.
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2. As per this plan, the policyholder has to pay the premium for the entire tenure of the policy.
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3. This plan also provides you with surrender benefits and loan facilities.
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4. If the policyholder survives till the tenure of the policy, then
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he/she is entitled for maturity benefits.
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5. If, by any reason death of the policyholder occurs,
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then the nominee is entitled to receive the benefits.
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6. You can add additional riders like accidental death or disability rider etc
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to your plan and that too at a nominal premium price.
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7. The maturity age of this plan is 75 years.
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8. You can pay the premium amount annually
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, half-yearly, or monthly for your policy.
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9. Nyoonatam sunishchit raashi Rs. 1,00,000
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hai aur iski koi upper limit nahi hai.
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What is LIC Jeevan Labh 936?
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Now it's the time to talk about our second policy which is LIC Jeevan Labh
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and this plan also provides you with the dual benefits
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which are in the name of savings and life insurance protection.
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This plan will fulfil the future needs of your family, even in your absence.
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There is a great demand of this policy in the market and in this plan
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receive maturity benefits and death benefits tax benefits
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Upon throwing light on the features of this plan, we find:
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1. This plan provides you with the option of limited premium payment.
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2. You can invest this plan in a goal-based plan,
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that is, in a target-based plan, because its policy terms are 16, 21 and 25 years.
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3. As stated earlier, this is a dual benefit plan
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and this provides you with both-maturity and death benefits.
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4. After three regular premium years, you can also avail loan facilities through this plan.
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5. Not only these, but under section
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80 C and 10 D (10 D) of income tax act, this plan also helps you to save tax.
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6. If due to any reason, one fails to live then in the facility of death benefit
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is given to your nominee and he can avail the amount in installments option also.
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If you are thinking to take a policy then you can also consider these two plants
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and secure your and your family's future in a better manner.
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In case of any confusions you can visit the website of policybazaar.com
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and find information about various types of plans and decide accordingly.
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Along with this you can also visit policy Bazar premium calculator page
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to calculate and check the premium amount.
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That's all for now, and I hope that you must have liked the video.
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We will meet again with a new video about insurance knowledge and information,
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till then please like this video and share it to a maximum.
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Don't forget to subscribe our channel.
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