Lic Jeevan Labh
vs
Lic Pradhan Mantri
- Choose your coverage tenure
- Multiple sum assured options
- Enhance coverage with add-ons
| PLAN DETAILS |
 Lic Jeevan Labh |
 Lic Pradhan Mantri |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
|
|
| Plan Uniqueness |
|
|
| Plan Maturity age | Maximum Maturity Age - 75 years | Maximum Maturity Age - Whole life |
| Premium payment term | 10,15,16 years | Depends on the policy tenure |
| Plan Entry Age | Minimum Age - 18 years Maximum Age - 65 years | Minimum Age - 60 years Maximum Age - No limit |
| Sum assured | Rs 2 lakhs to No limit | N/A |
| Premium payment frequency | Annual, half-yearly, quarterly & monthly | Annual, half-yearly, quarterly & monthly |
| Plan Sample Premium | - | - |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy tenure | 16,21,25 years | 10 years |
| Claim Settlement Ratio (2023-24) | 98.62 | 98.62 |
LIC Jeevan Labh (Plan No: 936) is a limited premium paying, non-linked (Not dependent on equity-based funds and money/share market) with-profit endowment plan that comes out with various benefits to serve its clients.
It offers a combination of protection and savings that means you will stay protected and will be able to save your money efficiently. It also provides financial support to the family the needful in case of the insured's unfortunate demise.
It is a basic endowment plan where you need to pay premiums for a limited time and at the end of the policy term, you will get the Maturity Benefits. In case of the death of the policyholder at a time during the policy term, the nominee will get the Death Benefit in the form of a Sum Assured and bonuses.
LIC Jeevan Labh Plan offers you a range of benefits including:
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