LIC Jeevan Anand vs Jeevan Labh — Full Comparison 2025
LIC Jeevan Anand and LIC New Jeevan Labh are two of the most popular LIC endowment plans. Both offer maturity benefits + death cover, but have different premium payment terms and bonus structures. Here's a detailed comparison to help you and your agent recommend the right plan.
Option A
LIC New Jeevan Anand (Table 915)
Life Insurance Corporation of India
Claim Ratio: 98.6%
Cover: ₹1 Lakh minimum, no maximum
Premium: ₹52,000/year for ₹10L SA, 30-year entry, 20-year term
Whole life cover continues even after maturity
Option B
LIC New Jeevan Labh (Table 936)
Life Insurance Corporation of India
Claim Ratio: 98.6%
Cover: ₹2 Lakh minimum, no maximum
Premium: ₹42,000/year for ₹10L SA, 30-year entry, 16-year term
Limited premium payment — pay for fewer years, enjoy full term
LIC New Jeevan Anand (Table 915)
Life cover continues for entire life even after maturity payout
Eligible for full LIC bonus (reversionary + final addition)
Ideal for creating a guaranteed whole-life estate
Loan facility available after 3 years
Most popular LIC endowment plan — agents know it thoroughly
Higher annual premium than Jeevan Labh for same sum assured
No limited premium payment option — premiums paid for full term
Lower maturity multiple than Jeevan Labh for same policy term
LIC New Jeevan Labh (Table 936)
Limited premium payment: pay for 10/15/16 years, cover for 16/21/25 years
Lower total premium outflow for same coverage
Higher maturity benefit multiple for same premium
Better suited for professionals with 10-15 year earning peak
Excellent for child plans — premiums stop before child turns 18
Life cover stops at maturity (no whole-life extension like Jeevan Anand)
Higher per-year premium (compressed into fewer years)
Not suitable if you need continuous life cover beyond policy term
Our Verdict
For most customers, LIC New Jeevan Labh is the better value plan because you pay premiums for fewer years while getting the same maturity benefit. Jeevan Anand is the better choice only if you specifically want life cover to continue beyond the policy maturity period (whole-life coverage). A 30-year-old professional would typically save ₹80,000–₹1.5L in premium by choosing Jeevan Labh with a 16-year term over Jeevan Anand with a 20-year term for the same sum assured.
Choose LIC New Jeevan Anand
Choose LIC Jeevan Anand if you want your family to receive a lump sum even if you die after the maturity date, or if you're buying as an estate-planning tool.
Choose LIC New Jeevan Labh
Choose LIC New Jeevan Labh if you want to complete premium payment while you're earning (say, before retirement), or if buying a child plan where premiums should stop before the child reaches 18.
Frequently Asked Questions
Still Not Sure Which Plan to Choose?
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