LIC Jeevan Labh : Are you looking for a reliable, long-term investment that combines life cover with savings? LIC Jeevan Labh could be the golden opportunity you’ve been waiting for. With a minimal daily investment of ₹243, this plan promises a massive return of up to ₹54 lakh, making it one of the best endowment plans in India. If you’re aiming for wealth creation with security, keep reading.
LIC Jeevan Labh offers a rare blend of limited premium payments, long-term benefits, and tax advantages, making it ideal for salaried professionals, business owners, and parents planning for their children’s future.
What is LIC Jeevan Labh?
LIC Jeevan Labh (Plan No. 936) is a non-linked, with-profits endowment life insurance plan. It combines life insurance protection with savings, allowing policyholders to achieve long-term financial goals such as education, marriage, or retirement. What makes it more appealing is that the premium paying term is limited, but the benefits extend long after the payment period ends.
Key Features of LIC Jeevan Labh:
- Limited premium payment term with long coverage
- Death and maturity benefits
- Eligibility for bonuses declared by LIC
- Tax savings under Section 80C and 10(10D)
- Option to take loans against the policy
- Ideal for long-term goals like child’s education or retirement
Investment Example: ₹243 per Day = ₹54 Lakh Return
Let’s break down how this plan works if you invest ₹243 per day.
| Particulars | Details |
|---|---|
| Daily Investment | ₹243 |
| Monthly Premium | ₹7,400 approx |
| Policy Term | 25 years |
| Premium Paying Term | 16 years |
| Total Premium Paid | ₹14,20,800 |
| Maturity Amount (Est.) | ₹54,00,000 approx |
| Age at Entry | 30 years |
| Sum Assured | ₹20,00,000 |
| Bonuses & Additions | ₹34,00,000 approx (Non-guaranteed) |
Note: The maturity amount is based on current bonus rates and can vary. Always consult LIC’s latest updates.
See more : Invest ₹1358 per Month and Get ₹25 Lakh
Benefits of LIC Jeevan Labh
1. Limited Premium, Long-Term Protection
Unlike many plans that require premium payments throughout the policy term, Jeevan Labh allows you to pay for a limited period (10, 15, or 16 years) and enjoy coverage for up to 25 years. This structure makes it easier to plan your finances without long-term strain.
2. Life Cover + Maturity Benefit
In case of the policyholder’s unfortunate demise during the policy term, the nominee will receive the sum assured plus bonuses. On survival, the maturity benefit includes the basic sum assured, vested bonuses, and final additional bonus (if any).
3. Bonuses That Boost Returns
The plan participates in LIC’s profit-sharing and receives:
- Simple Reversionary Bonus: Added annually during the policy term.
- Final Additional Bonus (FAB): Paid at maturity or on death, depending on LIC’s performance.
| Bonus Type | Description |
|---|---|
| Simple Reversionary | Annually declared, added to the policy |
| Final Additional Bonus | One-time addition at maturity or death benefit |
| Depends on LIC profits | Can significantly increase returns |
4. Tax Benefits Under 80C and 10(10D)
The premiums you pay towards this plan are eligible for tax deductions under Section 80C. Additionally, the maturity amount and death benefits are tax-free under Section 10(10D), provided terms and conditions are met.
5. Loan Facility
After the policy acquires a surrender value (usually after 3 years), you can take a loan against it. This ensures liquidity in emergencies without breaking your investment.
Eligibility Criteria for LIC Jeevan Labh
| Criteria | Details |
|---|---|
| Minimum Entry Age | 8 years |
| Maximum Entry Age | 59 years |
| Maximum Maturity Age | 75 years |
| Policy Term Options | 16, 21, 25 years |
| Premium Paying Terms | 10, 15, 16 years |
| Minimum Sum Assured | ₹2,00,000 |
| Maximum Sum Assured | No Limit (in multiples) |
This makes the plan flexible for both young investors starting early and older individuals planning retirement.
Who Should Invest in LIC Jeevan Labh?
This policy is ideal for:
- Young professionals wanting long-term wealth accumulation
- Parents planning for their children’s education or marriage
- Self-employed individuals looking for secure savings with insurance
- Retirement planners seeking lump-sum maturity benefit
- Conservative investors preferring guaranteed and stable returns
LIC Jeevan Labh vs Other LIC Policies
| Feature | Jeevan Labh | Jeevan Anand | Tech Term Plan |
|---|---|---|---|
| Type | Endowment + Bonus | Endowment + Bonus | Pure Term |
| Life Cover | Yes | Yes | Yes |
| Maturity Benefit | Yes | Yes | No |
| Bonus Participation | Yes | Yes | No |
| Premium Return | Yes | Yes | No |
| Premium Amount | Moderate | Moderate | Low |
As seen above, Jeevan Labh stands out for those who want a balance between life cover and maturity benefits, unlike pure term plans.
How to Buy LIC Jeevan Labh?
You can buy LIC Jeevan Labh via:
- Visiting your nearest LIC branch
- Consulting a licensed LIC agent
- Online via LIC’s official portal (limited access)
- Third-party licensed financial advisors
Before buying, consider getting a personalized illustration based on your age, term, and sum assured to estimate maturity returns more accurately.
Pros and Cons of LIC Jeevan Labh
Pros:
- Assured life cover with savings
- Participates in LIC bonuses
- Tax-free returns
- Trusted by millions across India
- Loan facility available
Cons:
- Lower liquidity in early years
- Bonus rates are not guaranteed
- Returns may be lower compared to mutual funds
LIC Jeevan Labh is more than just an insurance plan—it’s a disciplined approach to wealth creation with life protection. By investing just ₹243 daily, you could potentially build a corpus of ₹54 lakh over 25 years. This makes it an attractive option for those seeking long-term financial stability backed by the credibility of LIC.
However, like any financial product, it’s essential to evaluate your personal goals, compare with other instruments, and speak to a financial advisor. With the right strategy, LIC Jeevan Labh can help you build a secure future for yourself and your loved ones.