Due to the high payout of endowment life insurance policies at the end of the term, insurance companies typically impose penalties and charges for delinquent payment of premiums as well as premature termination of the policy. (insuranceopedia.com)
It is a participating endowment life insurance policy. (rupeeiq.com)
LIC Jeevan Labh is a participating endowment life insurance policy. (rupeeiq.com)