Default-scenario numbers assume a 30-year-old buying
₹5 lakh
sum assured at the latest declared bonus rate. Use each plan's calculator
to model your own inputs.
Our Take, Side by Side
LIC Jeevan Labh
LIC Jeevan Labh (Plan 736) is a limited-pay endowment policy with terms of 16, 21, or 25 years and premium-paying terms of 10, 15, or 16 years. As of 2026, its declared simple reversionary bonus is approximately ₹37 per ₹1,000 sum assured per year for the 21-year term (col2 of LIC's 3-band table for SA ₹5L–<₹10L), plus a plan-specific final additional bonus of roughly ₹20 per ₹1,000 SA at 16 years, ₹80 at 21 years, and ₹250 at 25 years (FAB is a one-time maturity payout, not annual). Note this FAB ladder is meaningfully smaller than the standard endowment ladder used by Plan 714 — a common source of over-projection. The implicit XIRR for a 30-year-old buying ₹5 lakh sum assured for 21 years (15-year PPT) works out to roughly 5.5–6% — modestly above a fixed deposit, with the upside that maturity proceeds are tax-free under §10(10D) and premiums qualify for §80C. Bonus rates are not guaranteed for the future, so the actual yield can be lower.
LIC New Jeevan Anand
LIC New Jeevan Anand (Plan 715) is a participating endowment with a signature twist: once the policy matures you receive the full sum assured plus bonuses, but the basic life cover of the sum assured continues free of cost until the life assured turns 100. For a 30-year-old buying ₹5 lakh sum assured for 25 years, the XIRR at current SRB of ₹45/₹1,000 SA/yr and FAB ≈ ₹180/₹1,000 SA (Plan 715 has its own smaller FAB ladder, NOT the standard endowment ₹450) works out to roughly 5–6%. The post-maturity cover — a term policy worth the BSA running for decades at zero additional premium — is a genuine differentiator that is hard to price separately.