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 Lakshya
LIC New Jeevan Lakshya (Plan 733) is a limited-pay endowment built around an income-replacement death benefit: if the life assured dies during the term, the nominee receives 10% of the basic sum assured as annual income every year until the original maturity date, and then the full 110% of BSA plus bonuses at maturity. The premium-paying term is three years shorter than the policy term (e.g., 20-year term, 17-year PPT). For a 30-year-old buying ₹5 lakh BSA for 20 years, the XIRR at current SRB of ₹49/₹1,000 SA/yr (maturity-age band ≤55) and FAB ≈ ₹60/₹1,000 SA at 20 yrs (Plan 733 has its own smaller FAB ladder) is approximately 5–6%. The income-stream death benefit is the plan's defining differentiator.
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.