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Plan No. 936Endowment
LIC's Jeevan Labh
"Limited premium paying, high return endowment plan."
A limited premium paying, non-linked, participating endowment plan offering a great combination of protection and saving.
Key Features
- ✓Limited Premium: Pay premiums for a shorter duration than the policy term.
- ✓High returns through bonuses.
Eligibility Criteria
Minimum Age8 Years
Maximum Age59 Years
Minimum Term16, 21, or 25 Years
Maximum Term16, 21, or 25 Years
Min Sum Assured₹ 2,00,000
Max Sum AssuredNo Limit
Plan Benefits
Death Benefit
Sum Assured on Death + Vested Bonuses.
Survival Benefit
N/A
Maturity Benefit
Basic Sum Assured + Vested Bonuses.
Real-World Example
Profile30-Year-Old Male
Sum Assured₹ 20,00,000
Term Details25 Years (Premium Paying Term: 16 Years)
Annual Premium₹ 93,500 / Year
Expected ReturnsMaturity of ₹ 54,00,000
How it Works
He only pays premiums for 16 years (total approx ₹ 15 Lakhs). He doesn't pay anything for the last 9 years. At the end of the 25th year, he receives a massive ₹ 54 Lakhs. Excellent for planning long-term goals without a lifelong premium burden.