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LIC Jeevan Labh Policy 2020: The Benefits

One of the most effective life insurance plans offered by the insurer Life Insurance Corporation of India (LIC) in 2020 is its Jeevan Labh policy. This is a premium policy of limited paying, non-linked i.e. not dependent on equity-based funds and money/share market, with-profits endowment plans that serve various benefits to its clients.

The objective of this plan is to provide support for the family financially in case of the unfortunate death of the policyholder anytime before its maturity and a lump sum payment at the time of maturity for the surviving policyholder. This plan takes care of liquidity requirements through its loan facility as well.


Loans are readily available provided at least 3 years' premiums have been already paid and the policy has acquired a surrender value

Benefits of LIC Jeevan Labh

The policy coverage includes a Death benefit, maturity benefit, participation in profits, and optional benefits:


Death benefit

In case of unfortunate death of the insured during the policy term, given all of the due premiums have already been paid, the candidate will be given the following benefits:


1. Sum assured on death (the higher of 10 times the annualized premium which is to be paid on death i.e. basic sum assured),

2. Simple reversionary bonuses,

3. Final additional bonuses,


The death benefit won't be less than 105% of all the premiums paid as of the date of death. According to LIC, the premiums won't be including of any taxes or chargeable extra amount under the policy due to underwriting decision and rider premium(s), if there's any.

Maturity benefit

In a scenario, where the policyholder survives the entire period of the policy, the insured will be given the following benefits:

1. Sum assured on maturity (which is equal to the basic sum assured),

2. Simple reversionary bonuses,

3. Final additional bonus, if any, which is payable in a lump sum payment on survival to the end of the policy term given all the due premiums have already been cleared.

Participation in profits

Since it is a participating policy, the insured is entitled to a simple reversionary bonus declared as per the experience of the corporation, given the policy is in full force.


In the case of the year, the policy results in a claim either by death or maturity, a final additional bonus may also be declared under the policy in that year, itself. So, it can be considered as a money-making tool or policy as well.

Optional benefit

The insured have the options of benefiting the following rider benefits:

1. LIC's Accidental Death and Disability Benefit Rider

2.LIC's New Term Assurance Rider

In this scenario, the rider sum assured must not exceed the basic sum assured.

This policy can be revived at any time within 2 years from the date of the first unpaid premium by simply clearing the premium arrears along with interests and other expenses.


To avail this "JEEVAN LABH" policy at the best possible rates and to learn more about it, please use this WhatsApp auto message link https://api.whatsapp.com/send?phone=918638178955&text=Please%20tell%20me%20more%20about%20LIC's%20*Jeevan%20Labh%20Policy*.%20My%20Name%20is%20...%20

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