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LIC Jeevan Labh offers a lump sum payment at maturity for the surviving policyholder and financial support for the family of the deceased policyholder in the terrible event of the policyholder's passing before maturity.
LICs qualified policies can be reinstated under this special revival campaign, subject to specified criteria and limitations, within 5 years after the date of the first unpaid premium.
LIC's Dhan Vriddhi is a non-linked, non-participating, individual, savings, single premium life insurance plan that provides both protection and savings.
LIC Jeevan Labh offers both insurance and savings advantages to policyholders. Additionally, this savings program provides bonuses that raise the final returns to which a client is entitled. This LIC policy looks after your family's financial needs while you are away in addition to giving you a future safety net for money.
Life Insurance Corporation of India (LIC) has received an order from Bihar Additional Commissioner State Tax demanding Rs 290 crore in goods and service tax, along with interest and penalty. LIC intends to file an appeal before the GST Appellate Tribunal against the order, which claims that LIC did not reverse the input tax credit availed and utilized on certain items.