LIC of India · Life insurance
Jeevan Labh
A limited-premium endowment plan. Pay for fewer years than the policy term.
Plan at a glance
Plan typeParticipating, non-linked limited-premium endowment
Entry age8 – 59 years, depending on the term
Policy term16, 21 or 25 years
Premium paying term10, 15 or 16 years, matching the term
Minimum sum assured₹2,00,000
Maximum sum assuredNo upper limit, subject to underwriting
Key benefits
- On death, the higher of 7 times the annualised premium or 105% of premiums paid is paid, plus bonuses
- At maturity, the basic sum assured plus vested bonuses and any final additional bonus
- Premiums are paid for fewer years than the policy term
- A loan is available once the policy has a surrender value
- Bonuses are declared by LIC and are not guaranteed
Best suited for
Conservative savers who want LIC-backed, non-market-linked savings for a goal such as retirement or education, and prefer to pay premiums for fewer years.
Details are as published for this plan and can change. LIC's sales brochure and policy document decide the final terms. Selvakumar will confirm the current terms and give you a personal illustration. Insurance is the subject matter of solicitation.