The search is on for a life insurance plan that makes your family secure yet generates a healthy savings amount. LIC Jeevan Labh Yojana is one of the favorite traditional life plans provided by the Life Insurance Corporation of India (LIC)—a combination of financial security and long-term savings. Even in 2026, simplicity, tax benefits, and the survival benefits contribute thoroughly to this policy’s continued draw among buyers.
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What Is LIC Jeevan Labh Plan?
This plan is known as non-linked with profits endowment insurance policy offering life insurance for the entire term of the policy. The premium must be paid for a limited period only, but the coverage for life will be extended until the end of the policy term. On the completion of the policy term, a large lump sum is paid which consists of the amount assured and the bonuses declared by LIC. If death of the life assured takes place during the term of the policy, other than the payment of a higher protection amount to the nominee, the premium shall also get waivered.
Policy Highlights (2026)
| Feature | Details |
|---|---|
| Type | Non-linked, with profits endowment plan |
| Policy Terms | 16, 21, or 25 years |
| Premium Paying Term (PPT) | 10, 15, or 16 years (depending on policy term) |
| Entry Age | 8–59 years (depends on term) |
| Maturity Age Max | 75 years |
| Minimum Sum Assured | ₹2,00,000 |
| Maximum Sum Assured | No upper limit (based on income) |
| Premium Modes | Yearly, Half-yearly, Quarterly, Monthly |
| Loan Facility | Available after 2 years of premiums |
| Surrender Option | After 2 full years’ premiums paid |
| Tax Benefits | Under Sections 80C & 10(10D) of Income Tax Act |
What Is Worth Knowing About It?
Balanced Protection and Savings
While buying this plan, you are not only buying life cover but also investing for a future aim. At the time of maturity, you are entitled to basic sum assured + reversionary bonuses + final additional bonus subject to LIC’s profit over the years.
Death Benefit
In case the policyholder passes away during the term of the policy when the policy is operative, the sum assured with bonuses would be paid out, if applicable, to the nominee or as the case may be. The basic sum assured or 7× annual premium is paid to the nominee together with the bonuses. The minimum amount is always 105% of total premiums paid.
Taxable
Premiums up to ₹1.5 lakhs in a financial year are tax-deductible, according to Section 80C. Section 10(10D) exempts from tax the payout of the Maturity and the death payouts, subject to tax laws.
Why the Crowd Chooses Jeevan Labh:
The commitment of Premiums will be shorter as compared to the cover of the insurance for a more extended period Traditional plan wherein various bonuses are declared periodically based on LIC’s performance
A plan wherein money is held in account for savings and insurance
Loan facility that provides liquidity to the family
What to Watch Out For Before Investing:
Jeevan Labh is good for systematic savings as well as insurance protection. But over long time-scales, returns are still expected to be lower than me-rated investments in other traditional endowment plans. Younger policyholders might find the surrender benefits to be low in the least in the early years if they exit early. A more up-to-date type of financial planning might spell out some clarity between term insurance and separate investment for prospective buyers, to determine value.(Reddit)
Bottom Line:
The LIC Jeevan Labh Yojana, in 2026, remained a traditional life insurance plan of much certainty. By way of calculated saving and life coverage, LIC Jeevan Labh Yojana can provide tax benefits. It caters best to those conservative investors who wish to serve the investment spectrum that includes real-estate, home, family and marriage plans, and so on-Putting it into perspective reflects its investment mode quite nicely. This Plan not only balances financial goals but also shields them with insurance coverage.