LIC Jeevan Labh (Plan 736 / 936) Calculator & Complete Guide
Limited Premium Paying, Non-Linked, Participating, Individual Life Assurance Savings Plan. Calculate your exact yearly premium, mode rebates, simple reversionary bonuses, and tax-free maturity value.
Plan Parameters
Official Notice & Disclaimer
LIC Plan Calc (licplancalc.com) is an independent informational and calculation utility created to assist insurance advisors, agents, and policyholders. It is NOT affiliated with, authorized, or endorsed by Life Insurance Corporation of India (LIC).
LIC Jeevan Labh (Plan 936)
100% Tax-Free under Section 10(10D) of Income Tax Act
Premium Modes (0% GST Direct)
0% GST Mode| Yr | Age | Premium (0% GST) | Cumulative | Normal Cover | Accidental Cover | Surrender Value | Maturity |
|---|
LIC Jeevan Labh Premium & Maturity Examples
To help you compare real-world policy outcomes, below are three representative calculation examples for LIC Jeevan Labh (Plan 936 / 736) across different entry ages, policy tenures, and sum assured brackets.
Starter Saver (Age 25)
* Pay ₹23,118/year for 16 years to receive ₹13.12 Lakh guaranteed maturity + bonus at age 50.
Family Foundation (Age 30)
* ₹10 Lakh Basic SA accumulates ₹11.75L simple bonus and ₹4.5L FAB for a total ₹26.25L maturity.
High Net-Worth Wealth Builder (Age 25)
* Premium reflects full High Sum Assured rebate and 0% GST pure direct LIC tabular rates.
ℹAll premiums are calculated at 0% GST under direct pure tabular modes.
ℹSimple Reversionary Bonus is calculated at ₹47 per ₹1,000 SA for 25-year tenure (₹43/₹1k for 21y, ₹38/₹1k for 16y).
ℹFinal Additional Bonus (FAB) rate of ₹450 per ₹1,000 SA applies to terms of 25 years with high sum assured.
📋 Key Eligibility Criteria & Policy Parameters
| Parameter | Option 1 (16/10) | Option 2 (21/15) | Option 3 (25/16) |
|---|---|---|---|
| Policy Term | 16 Years | 21 Years | 25 Years |
| Premium Paying Term (PPT) | 10 Years | 15 Years | 16 Years |
| Min / Max Entry Age | 8 to 59 Years | 8 to 54 Years | 8 to 50 Years |
| Maximum Maturity Age | 75 Years | 75 Years | 75 Years |
| Minimum Basic Sum Assured | ₹2,00,000 (No upper maximum limit) | ||
| Expected Bonus Rate (SRB) | ₹40 / ₹1k SA / yr | ₹44 / ₹1k SA / yr | ₹47 / ₹1k SA / yr |
Maturity Benefit
On surviving the entire policy term with all premiums duly paid, policyholders receive:Basic Sum Assured + Vested Simple Reversionary Bonuses + Final Additional Bonus (FAB).
Death Benefit
In case of unfortunate demise during policy term, nominee receives:Sum Assured on Death (higher of 7x annual premium or 105% paid) + Vested Bonuses + FAB.
Tax Exemption
Premium paid is eligible for deduction under Section 80C up to ₹1.5 Lakh/year. The entire maturity and death payout is 100% Tax-Free under Section 10(10D).
❓ Frequently Asked Questions (Jeevan Labh 936)
Can I take a loan on my LIC Jeevan Labh policy?▼
Yes, loan facility is available after paying at least 2 full consecutive years of premiums. You can borrow up to 90% of the surrender value for in-force policies (and up to 80% for paid-up policies).
What is the grace period for premium payments?
▼
A grace period of 30 days is allowed for Yearly, Half-Yearly, and Quarterly payment modes, and 15 days for Monthly (NACH) mode.
What happens if I stop paying premiums after 2 years?▼
If premiums have been paid for at least 2 consecutive years, the policy does not lapse completely but converts into a "Paid-up Policy" with reduced Sum Assured proportional to premiums paid.
Official Notice & Disclaimer
LIC Plan Calc (licplancalc.com) is an independent informational and calculation utility created to assist insurance advisors, agents, and policyholders. It is NOT affiliated with, authorized, or endorsed by Life Insurance Corporation of India (LIC).
Premium and maturity estimates are calculated based on current declared Simple Reversionary Bonuses and standard tabular rates. Actual returns and eligibility are subject to LIC's official underwriting criteria and policy conditions.