LIC Jeevan Labh Policy 2025: Life Insurance Corporation of India (LIC) continues to be a pillar of trust and financial security for millions of Indians. Among its wide range of offerings, LIC Jeevan Labh stands out as a balanced policy that combines life protection and long-term savings. This plan enables disciplined investors to build significant wealth over time while ensuring their family’s financial safety. In 2025, LIC Jeevan Labh is expected to remain one of the most preferred plans for risk-averse individuals looking for guaranteed returns and insurance coverage.
LIC Jeevan Labh Policy Key Features
| Feature | Specification |
|---|---|
| Minimum Monthly Investment | ₹2,000 |
| Policy Type | Limited premium paying, non-linked, with-profits endowment |
| Policy Term Options | 16, 21, 25 years |
| Premium Paying Term | 10, 15, 16 years depending on policy term |
| Maturity Benefits | Basic Sum Assured + Vested Bonuses + Final Additional Bonus |
| Life Cover | Sum Assured on Death + Bonuses |
| Tax Benefits | Section 80C & 10(10D) |
| Loan Facility | Available after surrender value is acquired |
| Approximate Maturity | ₹13.12 lakh (for ₹2,000/month investment) |
Overview of LIC Jeevan Labh Policy
LIC Jeevan Labh is a non-linked, with-profits endowment plan, offering both financial protection and savings. Being non-linked, the policy’s returns are not affected by market fluctuations, making it a reliable option for those seeking safety and stability. The plan is ideal for individuals who want to combine life insurance with a disciplined savings approach, providing a steady growth of funds over the policy term.
How ₹2,000 Monthly Investment Works
By investing ₹2,000 every month, the annual premium comes to around ₹24,000. The policyholder continues paying the premium for the selected premium-paying term. At maturity, the total payout includes the sum assured and accumulated bonuses.
- Policyholder invests ₹2,000 per month
- Premium payment continues for the chosen term (e.g., 16 years)
- At maturity, the policyholder receives approximately ₹13.12 lakh including bonuses
This demonstrates how small, disciplined contributions can grow into a substantial corpus over time.
Policy Terms and Options
LIC Jeevan Labh offers flexible terms to suit different financial goals:
- Policy term 16 years with 10-year premium paying period
- Policy term 21 years with 15-year premium paying period
- Policy term 25 years with 16-year premium paying period
Longer terms generally yield higher maturity amounts due to additional bonus accruals, making it suitable for long-term wealth creation.
Maturity Benefits Explained
The maturity benefit of LIC Jeevan Labh includes:
- Basic Sum Assured, the guaranteed amount chosen at the policy start
- Simple Reversionary Bonuses, declared periodically by LIC
- Final Additional Bonus, if applicable
For a consistent ₹2,000 monthly investment, the maturity corpus can reach around ₹13.12 lakh, providing a significant return on disciplined savings.
Death Benefit Coverage
LIC Jeevan Labh ensures financial security for the family in case of the policyholder’s untimely demise. The nominee receives:
- Sum Assured on Death (higher of 10 times the annual premium or basic sum assured)
- Accrued bonuses, including any Final Additional Bonus
This ensures that the family’s future remains financially protected, even if the primary earner is unavailable.
Loan Facility
Policyholders can avail of a loan against the policy after it acquires a surrender value. This facility provides liquidity during emergencies without breaking the long-term investment plan.
Tax Benefits
- Premiums paid qualify for deduction under Section 80C of the Income Tax Act, up to ₹1.5 lakh annually
- Maturity and death benefits are tax-exempt under Section 10(10D)
These features make LIC Jeevan Labh both a tax-efficient and wealth-building solution.
Why Choose LIC Jeevan Labh
- Combines life insurance, savings, and guaranteed returns in one plan
- Encourages disciplined long-term savings
- Offers financial security for dependents
- Backed by LIC, ensuring credibility and trust
- Suitable for risk-averse investors
Who Should Consider This Policy
LIC Jeevan Labh is ideal for:
- Young earners starting early with small monthly investments
- Families seeking a combination of life cover and savings
- Individuals preferring safe, stable returns over market-linked options
- People planning for future expenses like education, marriage, or retirement
Final Verdict
LIC Jeevan Labh 2025 is more than just an insurance policy—it is a comprehensive financial planning tool. A modest monthly investment of ₹2,000 can grow into an estimated ₹13.12 lakh, offering insurance coverage, maturity benefits, and tax savings. It is a reliable choice for those looking to secure their family’s financial future with guaranteed returns and long-term stability.
Disclaimer
The figures mentioned in this article are approximate and based on illustrative calculations. Actual maturity amounts may vary depending on age, policy term, sum assured, and bonus declarations by LIC. Investors should consult LIC’s official resources or a licensed financial advisor before purchasing the policy.
