Two plans dominate LIC's sales charts: Jeevan Anand 915 and Jeevan Labh 936. Both are endowment plans, both offer life cover + savings. So which one should you actually buy?
The Quick Comparison
| Feature | Jeevan Anand 915 | Jeevan Labh 936 |
|---|---|---|
| Entry age | 18–50 | 8–59 (term dependent) |
| Policy term | 15–35 years | 16, 21 or 25 years |
| Premium paying term | Same as policy term | 10, 15 or 16 years |
| Maturity | SA + bonus + FAB | SA + bonus + FAB (often higher) |
| Cover after maturity | Continues for whole life (lifetime) | Ends at maturity |
| Bonus rate (₹/1000/yr) | ~₹41–₹49 | ~₹43–₹50 |
| Final Additional Bonus | ₹20–400/1000 | ₹25–450/1000 (often higher) |
Real Numbers — 25-Year Term, Age 30, ₹10 Lakh Sum Assured
For the same person and same total premium outflow, here's what you get:
- Jeevan Anand 915 (PPT = 25): yearly premium ~₹42,300 → total premiums ~₹10,60,000 → maturity ~₹20,00,000 + lifelong cover of ₹10L
- Jeevan Labh 936 (PPT = 16, term = 25): yearly premium ~₹63,000 × 16 = ~₹10,10,000 → maturity ~₹27,00,000 + cover ends at 55
Jeevan Labh delivers a bigger maturity corpus with a shorter pay period, but Jeevan Anand keeps the cover going for life after maturity.
Pick Jeevan Anand 915 If
- You want insurance cover that never ends (the unique "whole-life" feature)
- You prefer the discipline of paying throughout the full term
- You're 18–50 years old (the entry-age window is narrower)
Pick Jeevan Labh 936 If
- You want to finish paying early (10, 15 or 16 years) and let the money grow
- You want the highest maturity corpus from a traditional LIC plan
- You don't need lifetime cover — the family is financially independent post-maturity
- You can buy a separate, cheap term plan for the long term
💡 The popular advice: Jeevan Labh 936 is the better wealth-builder, but its insurance ends at maturity. Pair it with a low-cost term plan for the long term — that's the planner's recommended combination.