LIC Jeevan Labh is a popular money-back endowment plan that combines life insurance cover with regular payouts and a lump-sum maturity benefit. In 2026, it remains one of the most trusted and easy-to-understand LIC policies for middle-class families.
Right now, with education costs, marriage expenses, and medical needs rising fast, this plan is gaining attention again. It gives guaranteed returns, life cover, and money back at regular intervals – perfect for planned future goals.
What is LIC Jeevan Labh?
It is a participating endowment plan with limited premium payment term. You pay premiums for 10, 15 or 16 years, get survival benefits during the policy term, and a big maturity amount at the end.
The policy continues to give life cover even after premium payment stops.
Why Families Choose It in 2026
People love it because it is simple, safe, and gives money back when children are growing up (school/college fees) and a large sum later for marriage or retirement.
Plus, it comes with bonuses declared by LIC every year.
Eligibility & Age Limits
Anyone can buy it for self or children. Minimum entry age: 8 years Maximum entry age: 59 years (for 16-year term) Policy term options: 16, 21, 25 years
Premium Payment Options
You pay premiums only for 10, 15 or 16 years (limited payment). Minimum annual premium: around ₹12,000–₹15,000 (varies by age & sum assured)
Monthly, quarterly, half-yearly modes also available.
Survival & Maturity Benefits
You get money back every 5 years after premium payment ends (survival benefit). At maturity you receive sum assured + final bonus + final additional bonus.
All survival benefits are guaranteed.
Bonus & Loyalty Additions
Every year LIC declares simple reversionary bonus (guaranteed once declared) and final additional bonus at maturity.
In recent years, bonuses have been good, adding significant value.
Quick Benefits Snapshot (Typical 21-Year Term)
| Feature | Details |
|---|---|
| Premium Payment Term | 10 / 15 / 16 years |
| Policy Term | 16 / 21 / 25 years |
| Survival Benefit | 15% of Sum Assured every 5 years after PPT |
| Maturity Benefit | Sum Assured + Bonuses + FAB |
| Life Cover | 10× annual premium (minimum) |
| Tax Benefit | Premium under 80C, Maturity mostly tax-free |
Is It Still Worth Buying in 2026?
Yes – especially if you want guaranteed money-back + life cover + tax benefits with very low risk.
It’s not the highest return investment, but it is one of the safest and most predictable.
LIC Jeevan Labh continues to be a solid, simple choice in 2026 for parents and families who want guaranteed money at important life stages with full life protection.
Visit your nearest LIC branch or licindia.in today to get a free quotation based on your age and goal. A small regular investment now can give your family financial peace later – start planning today!