• LIC Jeevan Surabhi 25 Years Plan

    Life Insurance
    • Premiums as low as Rs.17/day for sum assured of Rs.1 crore*
    • Claim up to Rs. 1,50,000 deduction under section 80C**
    • Choose between annual and monthly premium payment options

    Jeevan Surabhi is a life insurance plan that covers risks as well as offers profits. The policyholder can partake in the profits declared by the company. The insured receives bonuses as a part of the profits made. Tax benefits can be availed under Section 80C of the Income Tax Act, 1961.

    Eligibility - Who is the Jeevan Surabhi Plan for

    A few points must be borne in mind by prospective policyholders who wish to purchase the Jeevan Surabhi plan.

    Minimum age at entry 14 years
    Maximum age at entry
    • 55 years for Plan 106
    • 50 years for Plan 107
    • 45 years for Plan 108
    Maximum maturity age 70 years

    Sum Assured and Premium Range - What you get and what it costs

    Sum assured

    The sum assured is the lump sum amount paid to the beneficiaries on the death of the policyholder.

    Minimum sum assured Rs.50,000
    Maximum sum assured No limit


    A nominal amount called the Premium needs to be paid towards the sum assured of the policy.

    Policy term 15 years, 20 years, 25 years
    Premium paying term 12 years, 15 years, 18 years
    Mode of payment
    • Yearly
    • Half-yearly
    • Quarterly
    • Monthly
    • Salary Saving Scheme

    *Premiums vary based on age, location, plan term and other factors

    Plan Coverage - What the Jeevan Surabhi Plan covers

    Survival Benefit A certain percentage of the sum assured is offered as the survival benefit if the policyholder survives the policy term. The minimum percentage of sum assured that is offered is 20% and the maximum percentage is 40%. The percentage solely depends on the type of plan, the policy term, and the premium paying term.
    Death Benefit The sum assured is paid as a lump sum along with any additional covers or bonuses payable. Any survival benefits paid earlier will not be deducted from the final death benefit.
    Maturity Benefit A certain amount is offered as a maturity benefit if the policyholder survives until the end of the policy term. Bonuses, too, will be paid as a lump sum.

    Other Key Features

    Surrender Benefit
    • The option of surrendering the policy is available if the policy has been in force for 3 years. 30% of the premiums paid will make the guaranteed surrender value. This will exclude the premiums paid in the first year in case no past survival benefit payments are due. If there are payments due, 30% of the premiums paid on or after the due date of the last survival benefit that was paid will make up the surrender value.
    • The corporation generally pays a special surrender value that is more than or equal to the guaranteed surrender value. In most cases, the benefit payable is a certain percentage of the claim amount payable on death or maturity. The value depends on the premiums paid and the duration for which the surrender value is calculated.
    Simple Reversionary Bonus At the end of the financial year, a certain sum is declared annually as the simple reversionary bonus per thousand of the sum assured.
    Final Bonus If the policyholder survives the policy term, he/she may be eligible for a final additional bonus too.

    Other Benefits

    Phone Helpline LIC hosts a phone helpline service that helps policyholders track their policies and pose any possible queries he/she may have.
    Premium Payment Channels Many online and offline channels are available to the policyholders who can choose the channel based on their conveniences,
    Online Registration Policyholders can register themselves on the LIC website to track the status of their policies.

    Tax Benefits

    The insured individuals can avail tax benefits under Section 80(C) of the Income Tax Act, 1961.

    Why you should buy Jeevan Surabhi from LIC?

    Along with the sum assured that is payable by the plan, additional bonuses are also offered. Though the survival benefit is provided at the end of the premium paying term, the risk cover continues and the policy participates in the profits until the end of the policy term. This increases the opportunity to reap in maximum benefits from a single policy. In the year 2016-2017, the claim settlement ratio of LIC was 98.31% and the grievances solved ration was 100%. LIC branches are spread across the country making it easy for the customers to address their issues.

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