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 Jeevan Sugam

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. surender singh adhikari July 23, 2010 at 10:03 pm

    hi, i am surender, i have jeevan surabhi poicy for the duration of 20 yrs (254942353) for SA Rs 300000. i would like to know how will i get the sum of Rs 75000 after every four years. whether i have to go to LIC office or i will get through cheque at my given address.

    waiting for your reply

  2. Dear tabrej

    please reply me as my jeeva surabhi start date is 23 may 2003, which is respectively four year of my money back and what will be the maturity amount my policy is for 20 yr ppt is 15 yr. table no 107

    please reply. as my agent is not responding me at all I have tried everywhere to know these quary. thanks in advance.


  4. shailesh kumar June 27, 2010 at 3:47 pm

    i hv taken jeewan surbhi in 1998 for 25 years plan.. now after 12 year i didn’t claim any bonus of 20k…(after 4th, 8th yr. and 12th yr )
    how i claim it ..what r the particular i need to claim…
    thanx in advance..

  5. Pl.send a message about next premium due in the favour of the policy no JEEVAN SURBHI 261964227

  6. Santosh Kushwaha June 15, 2010 at 8:39 pm

    Should I need to claim for money back to LIC (Bonus amount payable every 4th year). My policy has completed 4 year.

    Or LIC will send cheque after completion of 4 years?

    Please advise. I will be great full for that.
    Thanks a lot!

  7. Dear Sir,

    My age is 26, 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.

  8. no. pls send me lic office address nearest in mylapore chennai. i have to go there. whom to meet

  9. my baby aged now 10th month. i want to apply lic child scheme. i am middle class people. please inform me best scheme for my baby,… thank u.

  10. sir, i purchaged lic jeevan surbhi (table-106) policy for 15 year , my sa is 200000 lac .d o m is 2013. i have recived a sa of 30%, 30% and 40% , please tell me after maturity how much i will get.
    with my best regards


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