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LIC plan comparison tool

Compare LIC plans side by side

Pick up to three plans and see them on the same inputs — same age, same sum assured, same term — so the comparison is fair. Estimates use the same calculator engine as the rest of the site.

Indian couple comparing LIC plans with their advisor

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Side-by-side comparison

FeatureLIC's Jeevan LabhLIC's Jeevan LabhLIC's Jeevan Umang
TypeShort paying term, long coverShort paying term, long coverAnnual survival income up to age 100
Entry age8 to 59 years8 to 59 years90 days to 55 years
Policy term16, 21 or 25 years16, 21 or 25 yearsCover to age 100
Sum assured₹2,00,000 and above₹2,00,000 and above₹2,00,000 and above
Estimated yearly premium₹62,000₹62,000₹68,000
Estimated maturity value₹21,00,000₹21,00,000₹20,20,000
Best suited forSalaried buyers who want to finish paying before retirement.Salaried buyers who want to finish paying before retirement.Buyers who want a pension-like income without giving up life cover.
Headline benefitPremium paying term shorter than the policy termPremium paying term shorter than the policy term8% of basic sum assured paid every year for life

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Estimates exclude rebates and underwriting loading. Where a plan's real term or age limits do not allow the inputs above, treat the figure as indicative only.