LIC

LIC Jeevan Labh

popular Popular LIC Plan

A participating non-linked limited premium endowment plan designed to provide financial protection along with long-term savings and maturity benefits.

The essentials

Your plan at a glance

Min. sum assured
Rs. 2,00,000
Policy term
16 / 21 / 25
Entry age
8 to 59 Years
Premium payment
10 / 15 / 16 Years

Plan Overview

LIC Jeevan Labh is a participating non-linked limited premium endowment plan that combines life protection with savings. Premiums are paid for a shorter period while insurance protection continues throughout the selected policy term. The plan also participates in LIC declared bonuses as per applicable rules.

Life Protection
Limited Premium Payment
Family Security
Maturity Benefit

Features & Benefits

Life Insurance Protection
Financial protection for your family during the policy term
Limited Premium Payment
Pay premiums for a shorter period than the full policy term
Maturity Benefit
Lump-sum financial benefit at policy maturity
Participating Plan
Eligible for Simple Reversionary Bonuses and Final Additional Bonus, if any
Long-Term Savings
Helps build disciplined savings for future financial goals

Coverage Details

Parameter Details
Plan Type Participating, Non-Linked, Individual Savings & Protection Plan
Plan Number 736
Minimum Basic Sum Assured 2,00,000
Maximum Basic Sum Assured No Limit, subject to underwriting
Premium Payment Mode Yearly, Half-Yearly, Quarterly or Monthly

Eligibility Criteria

Minimum Entry Age 8 Years
Maximum Entry Age Depends on selected Policy Term
Policy Term 16, 21 or 25 years
Premium Paying Term 10, 15 or 16 years
Maximum Maturity Age 75 years

Required Documents

Identity Proof
Aadhaar Card PAN Card
Address Proof
Voter ID Passport Utility Bill
Financial Documents
Income Proof (if applicable)
Other Documents
Passport Size Photograph Completed Proposal Form

Frequently Asked Questions

LIC's Jeevan Labh is a participating, non-linked savings and protection plan offering life cover and maturity benefits.

The current plan is Plan No. 736 with UIN 512N304V03.

The available Policy Terms are 16, 21 and 25 years.

Yes. On survival until maturity, the policyholder receives the Basic Sum Assured along with applicable vested bonuses and Final Additional Bonus, if any.

Yes. Eligible policies participate in LIC's profits and may receive bonuses as declared by LIC.
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