| Feature | LIC Endowment | Bank FD | Mutual Fund |
|---|---|---|---|
| Returns Guaranteed | ✓ Yes (bonus) | ✓ Yes (fixed rate) | ✗ Market-linked |
| Life Cover Included | ✓ Full sum assured | ✗ None | ✗ None |
| 80C Tax Benefit | ✓ Yes | ✗ Only 5-yr FD | ~ Only ELSS |
| Maturity Tax-Free | ✓ Under 10(10D) | ✗ Interest taxable | ~ LTCG applies |
| Loan Against Policy | ✓ Yes (after 3 yrs) | ✗ Break FD | ✗ Redeem units |
નવ જીવન આનંદ
Endowment + whole life. Maturity lump sum + life cover that continues forever after maturity. Over 60 years of consistent bonus declarations. LIC's most trusted savings plan.
જીવન લાભ
Pay premiums for only 10–16 years. Cover continues for 16–25 years. High bonus accumulation. Perfect for those who want to stop paying premiums early but continue building wealth.
જીવન ઉત્સવ
Whole life plan with guaranteed income after premium payment ends. Annual income for life — a perfect 'earn forever' plan for those who want both savings and perpetual income.
સામાન્ય પ્રશ્નો
Each year, LIC declares a 'Simple Reversionary Bonus' as a percentage of sum assured. This bonus is added to your policy's value every year and paid out at maturity or on death — whichever comes first. LIC's bonus rates have been stable for decades.
Yes. After your policy acquires surrender value (typically after 3 years of premium payment), you can take a loan of up to 90% of surrender value directly from LIC at competitive interest rates — without breaking the policy.
Effective returns on LIC endowment plans are typically in the 5–6.5% range (IRR) for policies held to maturity, depending on bonus rates and premium payment term. The key advantage is that this return is tax-free under 10(10D), with life cover bundled in.
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