LIC Jeevan LabhLIC's new plan Jeevan Labh is a short term plan of limited premium cum endowment plan. This plan suitable for all as the minimum premium payment is for 10 years only. Good for those who want to invest in short term plans and wants to be insured for long term.
All Premiums paid to Jeevan Labh is exempted under section 80C of Income Tax ACt and maturity is non taxable under Section 10(10D) of the Income Tax Act, 1961. ( Please seee latest tax rules)