LIC Plan Comparison with Returns (2025 Edition)
Choosing the right LIC (Life Insurance Corporation of India) plan depends on your goals: protection, investment, retirement, or child education. Below is a comparison of popular LIC plans based on benefits, tenure, premium, and returns.
1. LIC Jeevan Labh (Plan 936)
Type: Limited Premium Endowment
Policy Term: 16, 21, or 25 years
Premium Payment: 10, 15, or 16 years respectively
Maturity Benefit: Sum Assured + Bonus + Final Addition Bonus
Returns: ~6.0%–6.5% annually
Ideal For: Long-term savings with insurance protection
2. LIC New Jeevan Anand (Plan 915)
Type: Endowment with Life-Long Cover
Policy Term: 15 to 35 years
Premium Payment: Same as policy term
Maturity Benefit: Sum Assured + Bonuses
Post-Maturity: Life cover continues without paying premium
Returns: ~5.8%–6.2%
Ideal For: People looking for savings + lifetime risk cover
3. LIC Jeevan Umang (Plan 945)
Type: Whole Life with Annual Income
Policy Term: 15, 20, 25, or 30 years
Premium Payment: Equal to policy term
Maturity Benefit: After term, 8% of Sum Assured yearly for life + bonuses
Returns: ~5.5%–6.0% IRR
Ideal For: Retirement income + whole life coverage
4. LIC SIIP (Unit Linked Plan - Plan 852)
Type: ULIP (Market-linked)
Policy Term: 10–25 years
Premium: Minimum ₹4,000/month or ₹30,000/year
Maturity Benefit: Fund value (market-based)
Returns: ~6%–10% depending on market
Ideal For: Market-savvy investors seeking insurance + equity returns
5. LIC Bima Jyoti (Plan 860)
Type: Guaranteed Addition Plan
Policy Term: 15 to 20 years
Premium Payment: Same as term
Benefit: ₹50 per ₹1,000 SA every year + SA on maturity
Returns: ~5.0%–5.3% IRR
Ideal For: Conservative investors wanting fixed returns
6. LIC New Children's Money Back (Plan 932)
Type: Child Education & Marriage Plan
Policy Term: Up to 25 years
Benefits: 20% of Sum Assured paid at 18, 20, 22 years; rest at 25
Returns: ~5.0%–5.5%
Ideal For: Parents planning child’s education or marriage funds
7. Comparison:
| Plan Name | Type | Policy Term | Return Rate | Key Benefit |
|---|---|---|---|---|
| Jeevan Labh (936) | Endowment | 16–25 yrs | ~6.5% | Bonus-rich savings |
| New Jeevan Anand (915) | Endowment | 15–35 yrs | ~6.2% | Life-long cover post maturity |
| Jeevan Umang (945) | Whole Life | 15–30 yrs | ~6.0% | Lifetime income after term |
| SIIP (852) | ULIP | 10–25 yrs | ~6–10% | Equity-linked growth |
| Bima Jyoti (860) | Guaranteed Plan | 15–20 yrs | ~5.3% | Fixed yearly additions |
| Child Money Back (932) | Child Plan | Up to 25 yrs | ~5.5% | Timed payouts for education |
