Jeevan Surabhi

LIC Jeevan Surabhi is a money-back plan. Jeevan Surabhi’s plan is similar to other LIC money-back plans. However main differences between regular moneyback plans and Jeevan Surabhi are as the Maturity term is more than the premium paying term. Early and a higher rate of survival benefit payment. A life insurance cover is available throughout the term of the plan. Risk cover increases every five years.

Jeevan Surabhi is a with-profit plan available in 3 different terms of 15 yrs, 20 yrs and 25 years.

LIC Jeevan Surabhi policy is divided into 3 tables depending on the term (Years):

Plan NameTable No. /Plan No.Term (Policy duration)
Jeevan SurabhiTable No. 10615 years
Jeevan SurabhiTable No. 10720 years
Jeevan SurabhiTable No. 10825 years
  • Accident Insurance:
    Accident Benefit is available
  • Benefits:
    Death Benefits:
    1. Accrued bonus is paid if the policyholder dies before maturity.
    2.  Sum Assured risk cover increases by 50%, Once in every 5 years.
    3. Already paid survival benefit to the policyholder will not be deducted from the death claim amount.
    4. If insurance is financed by parent’s income up to SA of 10 lakhs then this plan is allowed to minor females.
    5.  Life Risk cover increases without undergoing a special medical report or medical exam. You also don’t need to pay an extra premium.
    6.   Accident benefit is provided only on basic SA during premium paying term.

Survival Benefits:
Survival benefit for Rs. 1 Lakh basic  SA.

Policy Term PPT 4th yr8th yr 12th yr 15th yr 18 yr
15 yrs12 yrsRs.30,000Rs.30,000Rs.40,000
20 yrs15 yrsRs.25,000Rs.25,000Rs.25,000Rs.25,000
25 yrs18 yrsRs.20,000Rs.20,000Rs.20,000Rs.20,000Rs.20,000

Money Back :
Full sum assured is paid back (Money Back) as a survival benefit by the end of the premium paying term. However, the risk cover (Insurance) and additional risk cover continue and your policy participates in profits till the end of the policy term.  Jeevan Surabhi plan is suitable for professionals and Businessmen as they need money periodically.

Also Read  LIC Health Protection Plus

Income-Tax exemption:

  1. Premium paid under section 80C of the Income Tax Act within the overall cap of Rs 1 Lakh per annum allowed for tax savings.
  2. On the claims received either by way of survival benefits or Maturity claims, whatever be the bonus accrued is also non-taxable.

Premiums :
You can pay Jeevan Surabhi Premiums yearly, half-yearly, quarterly, monthly, or through salary deductions.

Jeevan Surabhi Eligibility Conditions and Restrictions:

Min. age at entry: 14 years. (last birthday)
Max. age at entry:

  • 55 yrs for plan 106
  • 50 yrs for plan 107
  • 45 yrs for plan 108

Min. Sum Assured.: Rs.50,000/-
Max. SA.: No Limit
SA in multiples: Rs. 5000
Max. Maturity age: 70 years.
Min Term: 15 yrs
Max Term: 25 years.
Modes Allowed: All
Policy Loan: Available
Accident benefit per 1000 SA: Re. 1 extra.
Form Number: 300/340
This plan is not allowed for pregnant ladies and when occupation Extra is chargeable.

Let’s assume Mr. Dilip takes Jeevan Surabhi policy for 25 years for Rs. 1 lakh with Premium Paying Term (PPT) 18 years. After 4 years, he will receive Rs 20,000 and again in the 8th year Rs 20,000. If Mr. Dilip expires during the 10th year of the policy then his nominee will receive Rs. 2,00,000 (Rs.1,50,000 as claim and Rs.50,000 as bonus at an estimated Rs. 50 per thousand p.a. for 10 years).

Update:  Jeevan Surabhi Plan No.106, 107, and 108 Has Been Discontinued.

The above is the product summary giving the key features of the plan. This is for illustrative purposes only. This does not represent a contract and for details please refer to your policy document.

  1. Dear Sir,

    Please let me know the details for the following

    1) My brother is a software engineer and he pays Rs.1300/- for tax every month. He wants to take Jeevan Surabhi for 20 yrs kindly let me know what amount he has to pay as premium to avoid tax.

    2) My daughter is 2 1/2 yrs old and I would like to take a LIC policy . I can pay a premium of Rs.500-1000/- per month. Kindly suggest me any good policy for my daughter’s future life


  2. I want Rs.2000000 (Twenty Laks) at end of 10 years Kindly tell me what is the Yearly premium I have to pay However I want Rs.2000000 after 10 Years

  3. please tell me I want SA Rs.2000000 (Twenty Lakhs) in 10 Years period. Can you tell me what is the Yearly premium

  4. Dear Sir,

    My age is 25, i would like to go for Jeevan Surbhi for 1,50,000/- sum assurance. So My doubt is how much i need to pay every month and how much money returns back after 15years.

    I want to apply this for 15 years.

  5. Hyderabad
    Dated 20.10.2010


    The Branch Manager,
    Life Insurance Corporation of India,

    Dear Sir,

    Sub: Change of address to Hyderabad and remitting Money Back amount to Hyderabad – Requested – Reg.

    Ref: Policy No. 840783186.


    With reference to the above, I wish to inform you that my change of address as follows:

    Pittala Srinivasa Rao,
    C/o. M/s. Sagar General Industries,
    B-68, APIE, Balanagar,
    HYDERABAD – 500 037.
    Ph. No.040 – 2377 7480, 2377 4125.
    Mob. No.96664 84068.

    Since I am working in Hyderabad, I request you to transfer the said Policy to “Balanagar” branch to facilitate easy remittance.

    I understand that my money back amount was remitted to my old address, which was returned to your office by Postal authorities, as I was not available at that address.I request you to remit the amount my Hyderabad New address.

    Kindly do the needful and oblige.

    Thanking you,

    Yours faithfully,

    [P.Srinivasa Rao]

    • This is NOT the correct channel to send such request. You need to visit your home branch and give a written application.

      Thank you for your understanding and co-operation.

  6. I have 15 year premium paying LIC jeevan surabhi plan, premium amount Half yeraly is rs. 9090/- date of commence ment is 12.11.2006 date of matuirity is 12.11.2026. at the date of maturity how much amount i may get approximately.

  7. Dear Sir/ Mam,

    i am sanjay from gurgaon .i want to enquire about policy status of jeevan surbhi money back policy plan no.-107.

    i did not this policy details.
    so pls send this policy plan complete details in my mail -id

    thanks & regards ,


  8. i want to enquire about policy status of jeevan surbhi money back 15 yr policy of 50000.policy no.192459598.

  9. chidambaranayagan.p August 22, 2010 at 10:33 am

    Policy number-753896976

    Hello sir,

    We are like continue the policy of above the number of Money Back policy. can u give revival.

  10. Hi,

    I have deposited the 2 installments in LIC of India and after 4 years i want to withdraw the deposited amount.Is in that possible if any suggestion give me.


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