Side-by-Side Comparison Table
| Feature | 📈 Jeevan Labh (736) | ⭐ Jeevan Anand (715) |
|---|
| Plan Type | Limited Payment Endowment | Endowment + Whole Life |
| Min Entry Age | 8 years ✓ | 18 years |
| Max Entry Age | 59 years ✓ | 50 years |
| Min Sum Assured | ₹2,00,000 | ₹1,00,000 ✓ |
| Policy Terms | 16, 21, 25 years | 15–21, 25, 30, 35 years ✓ |
| Premium Paying Term | LIMITED: 10, 15, or 16 yrs ✓ | Same as policy term |
| PPT Mapping | Term 16→PPT 10
Term 21→PPT 15
Term 25→PPT 16 | PPT = Term always |
| Bonus Rate | ₹45/1000 SA/yr | ₹50/1000 SA/yr ✓ |
| Loyalty Addition | ✅ Yes | ❌ No |
| Post-Maturity Life Cover | ❌ No | ✅ Lifelong! |
| Maturity Benefit | SA + Bonus + FAB + LA | SA + Bonus + FAB |
| Tax Benefits | 80C + 10(10D) | 80C + 10(10D) |
3 Key Differences Explained
① Limited vs Full Premium Payment
Jeevan Labh: You pay premiums for fewer years than the policy term. For a 25-year policy, you only pay for 16 years. The remaining 9 years are "premium-free" — your money keeps growing with bonus.
Jeevan Anand: You pay premiums for the entire term — 25 years of payment for a 25-year policy.
② Post-Maturity Life Cover (Jeevan Anand Only)
Jeevan Anand: After maturity, your life cover continues for life. If you pass away anytime after maturity, nominee gets the basic SA again — at no extra cost. This is unique to Plan 715.
Jeevan Labh: Policy ends at maturity. No further coverage.
③ Loyalty Addition (Jeevan Labh Only)
Jeevan Labh: Gets a Loyalty Addition at maturity — an extra bonus on top of regular bonus and FAB. This partially compensates for the lower bonus rate (₹45 vs ₹50).
Jeevan Anand: No Loyalty Addition.
Premium & Total Outgo — 25-Year Term, ₹10L SA, Age 25
| Detail | Jeevan Labh (736) | Jeevan Anand (715) |
|---|
| Policy Term | 25 years | 25 years |
| Premium Paying Term | 16 years only | 25 years |
| Annual Premium (approx.) | ~₹60,000 | ~₹50,000 ✓ |
| Total Premiums Paid | ~₹9,60,000 (16yr) ✓ | ~₹12,50,000 (25yr) |
| Premium-Free Years | 9 years (Year 17-25) ✓ | 0 years |
*Approximate premiums including GST. Use our Premium Calculator for exact amounts.
Key takeaway: Jeevan Labh saves you ₹2.9 Lakh in total premiums (₹9.6L vs ₹12.5L). You also get 9 years of financial freedom with no premiums to pay.
Maturity Amount Comparison — ₹10L SA, Age 25, 25-Year Term
| Component | Jeevan Labh (736) | Jeevan Anand (715) |
|---|
| Sum Assured | ₹10,00,000 | ₹10,00,000 |
| Bonus (rate × 1000 × 25yr) | ₹11,25,000 (₹45×) | ₹12,50,000 (₹50×) ✓ |
| FAB (25yr term) | ~₹2,50,000 | ~₹2,65,000 |
| Loyalty Addition | ~₹50,000 ✓ | ₹0 |
| Est. Maturity | ~₹24,25,000 | ~₹25,15,000 ✓ |
| Total Premium Paid | ~₹9,60,000 ✓ | ~₹12,50,000 |
| Net Profit | ~₹14,65,000 ✓ | ~₹12,65,000 |
| Post-Maturity Death Benefit | ₹0 ❌ | ₹10,00,000 ✅ |
*All amounts are approximate estimates. Loyalty Addition is not guaranteed and depends on LIC's surplus.
Bottom line: Jeevan Labh gives higher net profit (₹14.65L vs ₹12.65L) because you invest less money. But Jeevan Anand gives an extra ₹10L lifelong life cover for free.
Who Should Buy Which Plan?
📈 Choose Jeevan Labh (736) if:
- You want to stop paying premiums early
- You're buying for a child below 18
- You plan to retire early and want no payments later
- You're 51-59 years old (Anand max is 50)
- You want higher net returns on invested money
⭐ Choose Jeevan Anand (715) if:
- You want lifelong life cover after maturity
- You want a higher bonus rate (₹50 vs ₹45)
- You want more flexible term options (15-35 years)
- You want a lower annual premium
- You want to leave a guaranteed legacy
💡 Expert Tip (Haresh Hirapara): Both are excellent plans. If budget allows, consider buying both — a Jeevan Labh for savings (limited payment, higher returns) and a Jeevan Anand for lifelong coverage (post-maturity SA). This combination gives you the best of both worlds. Consult a financial advisor for the right SA split.
🧮 Compare Premiums for Your Age →
Frequently Asked Questions
What is the main difference between Jeevan Labh and Jeevan Anand?+
Premium payment: Jeevan Labh (736) has limited premium payment — pay for fewer years than the policy runs. Jeevan Anand (715) requires full-term payment but provides lifelong life cover after maturity. Jeevan Labh also gets a Loyalty Addition at maturity.
Which gives higher maturity — Jeevan Labh or Jeevan Anand?+
Jeevan Anand gives a slightly higher absolute maturity due to higher bonus rate (₹50 vs ₹45). However, Jeevan Labh gives higher net profit because you pay less total premium. For ₹10L SA over 25 years: Labh profit ≈ ₹14.65L vs Anand profit ≈ ₹12.65L. These are approximate estimates.
Can children buy Jeevan Labh?+
Yes! Jeevan Labh allows entry from age 8, making it great for children's policies. With the 25-year term (PPT 16), a policy for an 8-year-old means premiums finish by age 24 and maturity at age 33 — ideal for marriage or home purchase funds. Jeevan Anand requires minimum age 18.
What is Loyalty Addition in Jeevan Labh?+
Loyalty Addition is an extra bonus paid at maturity, over and above regular bonus and FAB. It depends on LIC's surplus and is not guaranteed in advance. It typically adds approximately 1-3% extra to the maturity amount. Only a few LIC plans like Jeevan Labh (736) offer this feature.
Which plan has lower total premium outgo?+
Jeevan Labh has lower total outgo. For ₹10L SA, 25-year term: Labh total ≈ ₹9.6L (16 years of payment) vs Anand total ≈ ₹12.5L (25 years). However, the per-year premium for Labh is higher (~₹60K vs ~₹50K) because you're compressing payments into fewer years. These are approximate figures.
⚠️ Disclaimer
This article is for educational and informational purposes only. LIC-Calculator.com is not affiliated with LIC of India. Premium and maturity figures are approximate estimates based on publicly available information. Actual amounts may vary. For official rates, visit licindia.in.
This is not financial advice. Please consult a certified financial advisor before making insurance decisions.