LIC Jeevan Labh 1 Crore

LIC Jeevan Labh 1 Crore offers the combined benefit of savings and life protection. The plan provides a financial protection to your loved ones and ensures that they fulfill all their dreams, even in your absence. LIC Jeevan Labh not only lets you protect your family’s financial needs but also allows you to create a huge financial corpus of Rs. 1 Crore that can help you achieve your financial goals. 

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What is LIC Jeevan Labh 1 Crore Plan?

LIC Jeevan Labh 1 Crore Plan is a traditional life insurance plan offered by the LIC of India. The plan offers the death benefit in case the policyholder dies during the policy term. Whereas, in the scenarios where the policyholder outlives the policy term, the plan offers a maturity benefit. In addition to profit participation, bonuses are also available.

Also, to offer enhanced protection to the policyholder, LIC Jeevan Labh offers five additional riders namely (i) Accidental Death and Disability Benefit Rider, (ii) Accidental Benefit Rider, (iii) Term Assurance Rider, (iv) Critical Illness Rider & (v) Premium Waiver Benefit.

Eligibility Criteria of Jeevan Labh 1 Crore Plan

Parameters Details
Entry Age 8years-59 years
Policy Term 16/ 21/ 25 years
Minimum Sum Assured (in Rs.) 2 Lakhs
Maximum Sum Assured (in Rs.) No Limit
Premium Paying Term 10/ 15/ 16 years

Benefits of LIC Jeevan Labh 1 Crore Policy

LIC Jeevan Labh 1 Crore plan comes with a host of benefits that helps the policyholder to plan a financially secure future for themselves and their families. Take a look at some of the benefits of the plan:

  1. Death Benefit

    In case the policyholder dies within the policy period, the plan offers Death Benefit to the nominee. The death benefit payable will be the higher of

    • Basic Sum Assured, or

    • 7 times of annualized premium

  2. Maturity Benefit

    If the policyholder is alive till the end of the policy period, he/she is eligible to avail of Maturity benefit which will be equal to

    Sum Assured on Maturity+Vested Simple Reversionary Bonus, if any + Final Additional Bonus, if any.

  3. Tax Benefits

    The premiums paid against the policy will be eligible for tax benefits under section 80 C of the Income Tax Act.

Sample Illustration of LIC Jeevan Labh 1 Crore Policy

Suppose a 30-year male wants to buy LIC Jeevan Labh 1 Crore plan. Let us calculate the premium he needs to pay for different policy terms available by using LIC Jeevan Labh Calculator. Take a look:

Premium Payable Policy Term
16 years 21 years 25 years
Annually 8,55,782 5,49,815 4,54,847
Half-yearly 4,32,351 2,73,806 2,29,837
Quarterly 2,18,405 1,38,332 1,16,216
Monthly 72,802 46,111 38,709

How to Buy LIC Jeevan Labh 1 Crore Plan?

To buy LIC Plans, follow the below-mentioned steps:

Step 1: Fill in the form available at the top of this page with your name and contact number. Click on “view plans”.

Step 2: Enter your current age and the city you live in.

Step 3: Once done, the page will show you all the plans. You can customize the values as per your requirements.

Step 4: Select the plan you want to buy, and pay the premium online.


  • Q: What is the maturity age for LIC Jeevan Labh 1 Crore plans?

    Ans: The plan comes with a maturity age of 75 years.
  • Q: Does LIC Jeevan Labh 1 Crore Plan offer any rebates or discounts?


    Yes, the plan offers two types of rebates that are:

    • High Sum Assured Rebate, wherein
    Basic Sum Assured (B.S.A) Rebate
    INR 1 Lakh to 1.95 Lakhs Nil
    INR 2 Lakhs to 4.95 Lakhs 1.50% of B.S.A.
    INR 5 Lakhs to 5.95 Lakhs 2.50% of B.S.A.
    10, 00,000 and above 3% of B.S.A.
    • And, Mode Rebate, wherein the policyholder can get up to 2% rebate on premiums for choosing the yearly mode, and 1% for choosing the half-yearly premium payment mode.
  • Q: Can I avail loan under LIC Jeevan Labh Policy?

    Ans: Yes, a policyholder is eligible to avail loans under his/her LIC Jeevan Labh 1 Crore policy, provided he/she has paid all due premiums for at least 2 years.
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