LIC Jeevan Anand vs Jeevan Labh: Which Plan is Better for You?

Both Jeevan Anand and Jeevan Labh are LIC's top-selling endowment plans. I've sold hundreds of both over 31 years. The right one depends on what you want the policy to do after maturity.

Jeevan Anand continues to cover your life even after the policy matures. When you receive your maturity amount at, say, age 65, the policy doesn't end. LIC continues to cover you for the rest of your life, and your nominee receives the Sum Assured whenever you die after maturity. This makes Jeevan Anand a de facto whole life plan with a savings component.

Jeevan Labh has a limited premium payment term. If you take a 25-year Jeevan Labh policy, you may only need to pay premiums for 16 or 21 years depending on the variant. The policy then runs the remaining years without premium, and you get a lump sum at maturity. It does not continue life cover after maturity.

When to choose Jeevan Anand: If you want permanent life cover that never expires, and you're comfortable paying premiums for the full policy term, Jeevan Anand makes sense. It's particularly good for breadwinners who want their family covered right up to old age.

When to choose Jeevan Labh: If your goal is to finish premium payments early, perhaps before retirement, and you want a larger savings corpus at maturity, Jeevan Labh is better. Because premiums stop earlier, the effective cost is higher in the early years but the burden lifts sooner.

Premium comparison for a 35-year-old, Rs 10 lakh Sum Assured, 20-year term. Jeevan Anand: approximately Rs 56,000 per year. Jeevan Labh (16-year premium variant): approximately Rs 61,000 per year for 16 years, then zero.

Call me at 9415313434 and I'll run a side-by-side illustration for your exact age and sum assured.

Use our free [Maturity Calculator](/calculators/maturity) to compare projected returns.