Jeevan Labh — Endowment + Protection
LIC's Jeevan Labh is a non-linked, limited premium paying, with-profit endowment plan that offers a combination of protection and savings. It provides a death benefit to the nominee if the policyholder dies before maturity, and a lump sum maturity benefit to the policyholder if they survive the policy term. The plan also includes bonus additions, a limited premium payment term (10, 15, or 16 years), and various policy term options (16, 21, or 25 years)
Why choose Jeevan Labh?
- Dual Benefit of Protection and Savings: The plan provides financial support to the policyholder's family in case of unfortunate death and a lump sum amount upon survival at maturity, appealing to individuals seeking both security and savings.
- Guaranteed Maturity and Death Benefits: The benefits paid out at death or maturity include the basic Sum Assured plus accrued Simple Reversionary Bonuses and a Final Additional Bonus (if any), ensuring a predictable return.
- Limited Premium Payment: Policyholders pay premiums for a shorter, limited term (e.g., pay for 10 years for a 16-year policy term), while the life cover and bonuses continue for the entire policy duration.
- Low-Risk Investment: Being a non-linked, "with-profits" traditional endowment plan, the returns are not tied to the stock market, which appeals to risk-averse investors seeking stable and guaranteed returns.
- Loan Facility: Policyholders can avail loans against the policy after paying premiums for a minimum period (usually one to three full years), providing liquidity in case of financial emergencies.
Plan Details
Type: Endowment with participating bonuses. (Demo content — replace with insurer copy before production.)
Key Points: Guaranteed additions, vested reversionary bonuses, loyalty additions at maturity (when applicable). Subject to underwriting.
Illustrative Premium Table
Estimated premiums are indicative only — final premium depends on underwriting & exact product rules.
| Sum Assured | Term (yrs) | Annual Premium (est.) | Monthly (est.) |
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Important Notes
- • Final benefits depend on declared bonuses.
- • Tax benefits as per prevailing laws.
- • Terms & conditions apply; check policy document.
Eligibility
Quick Premium Estimator
Use this to get a rough premium estimate. This is illustrative only.