LIC Jeevan Labh for NRIs (Plan 736)
Limited premium endowment – pay for fewer years, stay covered and get maturity with bonuses.
LIC’s Jeevan Labh (Plan 736) is a limited premium paying endowment plan. You pay premiums for a shorter period than the policy term (for example 16 years for a 25-year policy) while the family is covered for the full term, and on maturity you get the sum assured along with bonuses.
Many families in Chandigarh, Punjab, Haryana and Himachal have members working in Canada, the UK, the USA, Australia and the Gulf. For them, LIC Jeevan Labh can be a way to build protection or savings in Indian rupees for parents, children or their own return to India. From LIC’s Manimajra branch in Chandigarh, we guide NRIs through the plan and the correct process.
| Plan | LIC Jeevan Labh |
|---|---|
| Plan number | 736 |
| UIN | 512N304V03 |
How LIC Jeevan Labh works
- Choose a policy term of 16, 21 or 25 years; premium paying term is 10, 15 or 16 years respectively.
- Life cover runs for the full policy term.
- On death during the term, the nominee receives the death benefit with vested bonuses.
- On maturity, the basic sum assured plus bonuses is paid as a lump sum.
Why NRIs choose this plan
- People who want to finish paying premiums before retirement
- Business owners with good income now
- Parents planning a lump sum for a future goal
- Benefits are paid in Indian rupees – useful for family needs or a planned return to India
Points to keep in mind
- Bonuses are declared by LIC and are not guaranteed.
- Higher sum assured rebates make bigger policies more cost-effective.
- Riders are available for extra protection.
Full details of LIC Jeevan Labh »
How NRIs can buy an LIC policy
- Talk to us on WhatsApp or video call and finalise the plan.
- Share passport, visa / residence proof, overseas address, PAN (if available) and photographs.
- Complete the proposal and medicals – usually during your India visit, or as LIC permits for your country.
- Pay premium in rupees from an NRE/NRO account or approved channels.
FAQs
Other LIC plans for NRIs
NRI Policy Enquiry
Apni details bhejiye – Vedpal Singh aapko call karke sahi plan batayenge.