Life Insurance Corporation of India (LIC), the country’s largest government-backed insurance company, offers several trusted investment plans. These schemes are known for safety and steady returns.
One such popular plan is the Jeevan Labh Scheme, where you can build a fund of around ₹20 lakh by saving just ₹166 per day. Let’s understand how this works in a simple way.
What is LIC Jeevan Labh Scheme?
The LIC Jeevan Labh Scheme is one of LIC’s well-known policies. It is a combination of insurance and savings, which means you get both life cover and returns.
Since LIC is a government-backed organization, the risk involved is very low. Along with this, you also get tax benefits under applicable income tax rules.
Investment Period and Daily Savings
Let’s understand with an example:
Age of investor: 30 years
Policy term: 25 years
Premium paying term: 16 years
In this case:
Yearly premium: around ₹60,000–₹65,000
Monthly premium: around ₹5,000–₹5,500
Daily savings: approximately ₹166
This means you only need to set aside ₹166 daily to stay invested in this plan.
Total Investment Amount
Over 16 years, your total investment will be:
Around ₹9.6 lakh (₹5,000 × 12 × 16)
This is the total amount you will deposit during the premium-paying period.
How You Get ₹20 Lakh
Now comes the most important part—returns.
Guaranteed sum assured: ₹10 lakh
Bonus from LIC: around ₹8–₹10 lakh
When you combine both:
Total maturity amount: around ₹18–₹20 lakh
This is how your investment of ₹9.6 lakh can grow to around ₹20 lakh by the end of the policy term.
Why This Plan is Popular
Low-risk investment backed by government
Easy daily saving option
Life insurance + savings benefit
Attractive bonus on maturity
