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LIC's Jeevan Labh

Short paying term, long cover

A limited premium endowment: you pay for fewer years than the policy runs, then wait for a maturity lump sum with bonuses.

Who it suits: Salaried buyers who want to finish paying before retirement.

  • Endowment
  • Short paying term, long cover
  • Maturity Benefit
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LIC plan reference: 936

LIC LIC's Jeevan Labh endowment plans illustration

Eligibility at a glance

Entry age
8 to 59 years
Maturity age
Up to 75 years (plan dependent)
Sum assured
₹2,00,000 and above
Policy term
16, 21 or 25 years
Premium modes
Yearly, half-yearly, quarterly, monthly (NACH) and salary savings scheme

Key benefits

  • 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

Estimate your LIC's Jeevan Labh premium and maturity value

LIC Premium & Maturity Calculator

Estimates from publicly published LIC rate tables. Not a quotation.

Yearly premium
₹61,752
First instalment
₹61,752
Renewal instalment
₹61,752
Total outgo over the term
₹12,96,792
Estimated maturity value
₹21,49,000
Indicative surrender value (mid-term)
₹2,66,857
Get an exact LIC quotation

Figures exclude underwriting loading and high sum assured rebates. Bonus-linked maturity values are projections, not guarantees.

Want an exact LIC illustration?

Your estimate is ready. For an official quotation and a suitability discussion on LIC's Jeevan Labh:

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This plan may not be ideal if…

  • You need the maximum possible life cover for the lowest premium — a term assurance plan does that better.
  • You may need the money back within the first few years; early surrender values are low.
  • You expect market-linked returns; participating LIC returns are steadier but more modest.
  • Your income is irregular and you cannot commit to the full premium paying term.

Frequently asked questions

Get advice on LIC's Jeevan Labh

Send your age and budget and you will get an official LIC quotation plus an honest view on whether this plan is the right fit.

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This page describes LIC's Jeevan Labh in our own words, based on LIC's published product literature. For the binding terms, always refer to the official policy document issued by Life Insurance Corporation of India.