LIC's great policy; Get a return of Rs 17 lakh on an investment of Rs 233

LIC offers many great plans for its customers. If you are dreaming of becoming a millionaire with a safe investment, then this LIC policy is very useful for you.

LIC Jeevan Labh Yojana is a policy in which you can earn Rs 17 lakh by depositing just Rs 233 per month. Learn about this plan.

As LIC Life Benefit is a non-linked policy, it has nothing to do with the stock market. Going up or down the market will not affect your money at all.

This means that your money is completely safe in this plan. This is a limited premium plan. The plan is based on the children's marriage, education and the purchase of property.

LIC's life benefit plan offers both profit and protection. People in the age group of 8 to 59 years can easily take this policy.

The term of the policy can be extended from 16 to 25 years. This policy requires a minimum sum assured of Rs. 2 lakhs, no limit on the maximum amount.

The policy also provides loan facility on payment of 3 years premium. Tax deduction on premium and on death of the policyholder, the nominee gets the sum insured and bonus benefits.

The nominee gets Death Sum Assured, Simple Reversionary Bonus and Final Extra Bonus as Death Benefit. That is, the nominee will receive an additional sum insured.