LIC Jeevan Labh (Plan No. 736) is a Limited Premium Endowment Plan, meaning you pay premiums for a short period but enjoy benefits for the entire policy term.
β Key Highlights
Guaranteed maturity benefits
Limited premium payment term
Bonus added at maturity
Strong life risk cover
Accidental death & disability cover
Premium payment stops, benefits continue
π° Maturity Benefit
Up to βΉ50 Lakh or more on policy maturity
Bonus calculated as per LICβs latest valuation
π Flexible Options
Policy terms: 16, 21, or 25 years
Premium paying terms: 10, 15, or 16 years
Available for ages 20 to 59 years
π‘οΈ Risk Cover
Life cover up to βΉ30 Lakh
Accidental death & disability cover included
π― Best For:
Risk-averse investors
People seeking guaranteed returns
Long-term financial security
Family protection & savings together
π LIC Index Plus vs LIC Jeevan Labh β Quick Comparison
| Feature | LIC Index Plus | LIC Jeevan Labh |
|---|---|---|
| Type | ULIP (Market-linked) | Endowment (Guaranteed) |
| Returns | Market-based | Guaranteed + Bonus |
| Risk | Moderate to High | Low |
| Premium Flexibility | High | Limited |
| Best For | Wealth creation | Safe long-term savings |