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LIC — Endowment Plans
LIC's Jeevan Labh (Plan 736)
Premium
₹110/Day
Sum Assured
₹1 Lakh - No Limit
Term
16/18/20/25 Years
Premium Paying
Limited Pay: 10/12/15 Years
Key Features
Limited premium paying - finish paying before policy ends
Shorter PPT, longer coverage - pay less, get more
Simple Reversionary Bonuses from year 1
Final Additional Bonus for long-term holding
Loan facility available
Paid-up value after 3 years premium paid
Tax benefits under Section 80C & 10(10D)
Ideal for those who want to finish premium early
Benefits
Maturity Benefit
Sum Assured on Maturity + Vested Simple Reversionary Bonuses + Final Additional Bonus
Death Benefit
Higher of 7x Annualized Premium or 125% of Basic SA + Vested Bonuses. Min 105% of premiums paid.
Available Riders
Accident Benefit RiderPremium Waiver Benefit Rider
Eligibility
Age: 8-59 years, Min SA ₹1 Lakh. PPT: 10/12/15 years
Highlights
Pay for 10-15 years, get coverage for 16-25 years - finish premium early