The word "lakh" is a unit of measurement used in South Asia, particularly in India, to represent a hundred thousand. It is often used to quantify large numbers or amounts. Full definition
We are just paying 1.6 to 1.8 lakhs for which returns are high. (personalfinanceplan.in)
The higher limit of Rs. 1.5 lakhs in section 80 C has also presented a good opportunity to customers to increase their exposure to savings across various asset classes. (blogs.bajajallianzlife.com)
The optimized premium option is the one for the sum insured which has the lowest premium rate per lakh of insurance cover. (mintwise.com)