Introduction
LIC policies are still among the most trusted long-term savings and insurance options in India. When it comes to traditional endowment plans, two names dominate most comparisons—LIC Jeevan Labh and LIC New Jeevan Anand.
If you are confused about LIC Jeevan Labh vs Jeevan Anand: which is better for 2026, this article will help you decide clearly. We will compare both plans in terms of returns, premiums, life cover, maturity benefits, and suitability based on financial goals.
This guide is written in simple language and is ideal for beginners and long-term investors planning for 2026 and beyond.
About LIC and Its Traditional Plans
Both Jeevan Labh and Jeevan Anand are offered by Life Insurance Corporation of India (LIC). These are participating (with-profits) endowment plans, meaning policyholders receive bonuses declared by LIC along with guaranteed benefits.
These plans are not market-linked and are suitable for conservative investors who value safety and discipline.
Overview of LIC Jeevan Labh
LIC Jeevan Labh is a limited premium payment endowment plan. You pay premiums for a shorter duration, but the policy continues for a longer term.
Key Features of LIC Jeevan Labh
- Limited premium payment
- Lump-sum maturity benefit
- Loyalty additions and bonuses
- Life cover during policy term
- Tax benefits under Section 80C and 10(10D)
Policy Term Options
- 16 years
- 21 years
- 25 years
Premium payment term is always shorter than the policy term, which makes it attractive for people who want early premium completion.
Overview of LIC New Jeevan Anand
LIC New Jeevan Anand is a whole-life endowment plan. It provides maturity benefits plus life cover that continues even after the policy matures.
Key Features of LIC New Jeevan Anand
- Endowment + whole life cover
- Maturity benefit with bonuses
- Life cover continues till death
- Guaranteed sum assured on maturity
- Tax benefits under Section 80C and 10(10D)
This plan is popular among people who want long-term protection along with savings.
LIC Jeevan Labh vs Jeevan Anand: Feature Comparison
| Feature | LIC Jeevan Labh | LIC New Jeevan Anand |
| Plan Type | Endowment (limited premium) | Endowment + whole life |
| Premium Payment | Limited period | Full policy term |
| Policy Term | 16 / 21 / 25 years | 15–35 years |
| Life Cover | Till maturity | Lifetime |
| Maturity Benefit | Yes | Yes |
| Bonus | Yes | Yes |
| Risk Cover After Maturity | No | Yes |
Premium Comparison (Cost Factor)
LIC Jeevan Labh
- Premiums are higher per year
- Paid for fewer years
- Suitable for people with stable income for a limited period
LIC Jeevan Anand
- Premiums spread across the entire policy term
- Lower annual burden
- Suitable for long-term salaried individuals
Verdict on Premiums:
Choose Jeevan Labh if you want to finish premiums early. Choose Jeevan Anand if you prefer lower yearly payments.
Returns Comparison (2026 Perspective)
Neither LIC Jeevan Labh nor Jeevan Anand offers high market-linked returns. However, their strength lies in stability.
Expected Returns (Indicative)
- LIC Jeevan Labh: Around 5.5% IRR
- LIC Jeevan Anand: Around 5.0% IRR
Jeevan Labh generally offers slightly better return efficiency due to limited premium payment and longer investment duration.
Maturity Benefits Explained
LIC Jeevan Labh Maturity
- Sum Assured
- Accrued Simple Reversionary Bonus
- Final Additional Bonus (if applicable)
Paid as a lump sum at the end of policy term.
LIC Jeevan Anand Maturity
- Sum Assured
- Accrued Bonus
- Final Additional Bonus
Additionally, life cover continues even after maturity without paying further premiums.
Life Cover Comparison
This is the biggest difference between the two plans.
Jeevan Labh
- Life cover ends at maturity
- Suitable mainly for savings goals
Jeevan Anand
- Life cover continues for life
- Death benefit payable even after maturity
Winner for Protection: LIC New Jeevan Anand
Tax Benefits in Both Plans
Both policies offer identical tax advantages:
- Premiums eligible under Section 80C
- Maturity and death benefits tax-free under Section 10(10D)
- No tax on bonuses (subject to prevailing rules)
Which Is Better for 2026?
The answer depends on your financial goal.
Choose LIC Jeevan Labh If:
- You want higher return efficiency
- You prefer limited premium payment
- Your goal is corpus creation
- You already have separate term insurance
Choose LIC New Jeevan Anand If:
- You want lifelong life cover
- You want savings + protection
- You do not have a separate term plan
- You prefer long-term financial security
Common Mistake to Avoid
Many investors compare LIC policies only on returns. This is not correct.
LIC plans are best used for:
- Forced savings
- Capital protection
- Long-term financial discipline
For high returns, market-linked products are more suitable.
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FAQs – LIC Jeevan Labh vs Jeevan Anand
Which LIC plan gives better returns?
LIC Jeevan Labh generally gives slightly better returns than Jeevan Anand.
Is LIC Jeevan Anand good for long-term protection?
Yes, it provides life cover even after maturity.
Can I buy LIC Jeevan Labh in 2026?
Yes, subject to LIC rules and eligibility at the time of purchase.
Are LIC bonuses guaranteed?
Bonuses are not guaranteed and depend on LIC’s performance.
Should I buy LIC or term insurance?
LIC plans are for savings plus insurance. Term insurance is best for pure protection.
Conclusion
When comparing LIC Jeevan Labh vs. Jeevan Anand for 2026, there is no single “best” plan for everyone.
- Jeevan Labh is better for savings-focused investors.
- Jeevan Anand is better for those who want lifelong protection.
