LIC LIC's Jeevan Labh (Plan No. 936): Full Guide, Eligibility & Premium

LIC's Jeevan Labh belongs to LIC's endowment plans family. In one line: short paying term, long cover

Eligibility at a glance — entry age 8 to 59 years; sum assured ₹2,00,000 and above; policy term 16, 21 or 25 years. Anything outside those bands will simply not be issued, so check them before you plan the premium.

What the plan actually gives you: Premium paying term shorter than the policy term Sum assured with reversionary and final additional bonus at maturity Death benefit of sum assured plus bonuses Rider options including premium waiver for minors Those are the contractual features; bonus or market-linked components, where they apply, are declared by LIC each year and are not guaranteed in advance.

Who it suits: Salaried buyers who want to finish paying before retirement. If that does not describe your situation, there is usually a better-fitting plan in the same family, and it costs nothing to ask.

Before you sign, run LIC's Jeevan Labh through the premium calculator on this site with your own age, sum assured and term. Seeing the yearly outgo next to the projected maturity value is the fastest way to know whether the plan fits your cash flow — and the fastest way to spot a mis-sold recommendation.

Buying, servicing and claiming are three different jobs. We help with all three free of charge, including for policies you bought elsewhere, from our office at Fort, Mumbai and online across India.