If you walk into any LIC office in Gorakhpur or anywhere in eastern UP, the two most recommended plans are Jeevan Anand (914) and Jeevan Labh (936). Both are non-linked endowment plans with strong bonus histories. But they serve different needs.
Key differences:
| Feature | Jeevan Anand (914) | Jeevan Labh (936) | |---------|-------------------|-------------------| | PPT | Full term | Term minus 5 years | | Post-maturity cover | Yes (whole life) | No | | Bonus rate FY25 | ₹48/1000 | ₹54/1000 | | Min term | 15 years | 16, 21, or 25 years | | Entry age | 18-50 | 8-59 |
When to choose Jeevan Anand (914):
- ▸You want lifetime cover even after maturity
- ▸You are starting young (20s-30s)
- ▸You value whole life protection for your family
When to choose Jeevan Labh (936):
- ▸You want higher bonus rate
- ▸You want to stop paying premiums earlier (limited pay)
- ▸You are in your 40s-50s and want short commitment with high return
- ▸You want larger SA for the same premium budget
Real example comparison - Age 35, SA ₹10L, 20 year term:
- ▸Jeevan Anand: Annual premium ~₹52,000, Maturity ~₹21.6L
- ▸Jeevan Labh: Annual premium (16yr PPT, 21yr term) ~₹63,000, Maturity ~₹23.8L
In my experience, younger clients (under 35) are better served by Jeevan Anand. Clients in their 40s often prefer Jeevan Labh for the higher return.
Call 9415313434 for a personalised comparison for your age and budget.
