Jeevan Labh is LIC's limited-pay endowment with a long deferral tail — you stop paying after 10/15/16 years but the policy keeps accruing bonuses until maturity at 16/21/25 years. Best suited for salaried earners in their 30s who want a forced savings habit they can finish in their highest-earning decade and let mature into a tax-free lump sum.

• The implicit XIRR rarely beats 5–6%. If you're comparing it to an index fund, you're comparing the wrong things.
• The bonuses are not guaranteed. Our maturity number assumes the latest declared rate — actual could be lower.
• Surrendering before year 8 is almost always a loss; before year 3 you get ₹0 back.
• The 80C deduction is the real product. If you don't need 80C headroom, the case is much weaker.
• For pure death-benefit cover, a term plan is roughly 1/10th the cost. This isn't insurance, it's a savings account in an insurance wrapper.
• If you can commit and forget for 16+ years, the discipline alone often beats what you'd actually do with the money otherwise.

Asymmetrica isn't an insurance advisor. The opinions above are editorial; the numbers in the calculator are computed from the plan's own brochure. Read both, then decide.