LIC Jeevan Labh Plan 936 Calculator
An online tool to calculate the maturity benefits of LIC's Jeevan Labh plan.
LIC Jeevan Labh is a limited premium paying, non-linked, participating endowment plan. Here is what you need to know at a glance:
Calculation Results
*Note: The values shown above are estimates based on standard bonus rates. Actual maturity amount may vary based on LIC's declared rates at the time of maturity. Premiums are estimates and exclude GST.
| Year | Premium Paid | Cumulative | Accrued Bonus | Death Benefit |
|---|---|---|---|---|
| 1 | ₹ 33,600 | ₹ 33,600 | ₹ 47,000 | ₹ 1,047,000 |
| 2 | ₹ 33,600 | ₹ 67,200 | ₹ 94,000 | ₹ 1,094,000 |
| 3 | ₹ 33,600 | ₹ 100,800 | ₹ 141,000 | ₹ 1,141,000 |
| 4 | ₹ 33,600 | ₹ 134,400 | ₹ 188,000 | ₹ 1,188,000 |
| 5 | ₹ 33,600 | ₹ 168,000 | ₹ 235,000 | ₹ 1,235,000 |
| 6 | ₹ 33,600 | ₹ 201,600 | ₹ 282,000 | ₹ 1,282,000 |
| 7 | ₹ 33,600 | ₹ 235,200 | ₹ 329,000 | ₹ 1,329,000 |
| 8 | ₹ 33,600 | ₹ 268,800 | ₹ 376,000 | ₹ 1,376,000 |
| 9 | ₹ 33,600 | ₹ 302,400 | ₹ 423,000 | ₹ 1,423,000 |
| 10 | ₹ 33,600 | ₹ 336,000 | ₹ 470,000 | ₹ 1,470,000 |
| 11 | ₹ 33,600 | ₹ 369,600 | ₹ 517,000 | ₹ 1,517,000 |
| 12 | ₹ 33,600 | ₹ 403,200 | ₹ 564,000 | ₹ 1,564,000 |
| 13 | ₹ 33,600 | ₹ 436,800 | ₹ 611,000 | ₹ 1,611,000 |
| 14 | ₹ 33,600 | ₹ 470,400 | ₹ 658,000 | ₹ 1,658,000 |
| 15 | ₹ 33,600 | ₹ 504,000 | ₹ 705,000 | ₹ 1,705,000 |
| 16 | ₹ 33,600 | ₹ 537,600 | ₹ 752,000 | ₹ 1,752,000 |
| 17 | ₹ 0 | ₹ 537,600 | ₹ 799,000 | ₹ 1,799,000 |
| 18 | ₹ 0 | ₹ 537,600 | ₹ 846,000 | ₹ 1,846,000 |
| 19 | ₹ 0 | ₹ 537,600 | ₹ 893,000 | ₹ 1,893,000 |
| 20 | ₹ 0 | ₹ 537,600 | ₹ 940,000 | ₹ 1,940,000 |
| 21 | ₹ 0 | ₹ 537,600 | ₹ 987,000 | ₹ 1,987,000 |
| 22 | ₹ 0 | ₹ 537,600 | ₹ 1,034,000 | ₹ 2,034,000 |
| 23 | ₹ 0 | ₹ 537,600 | ₹ 1,081,000 | ₹ 2,081,000 |
| 24 | ₹ 0 | ₹ 537,600 | ₹ 1,128,000 | ₹ 2,128,000 |
| 25 | ₹ 0 | ₹ 537,600 | ₹ 1,175,000 | ₹ 2,625,000 |
Eligibility Criteria
| Parameter | Minimum | Maximum |
|---|---|---|
| Age at Entry | 8 Years (Completed) | 59 (16 Term) / 54 (21 Term) / 50 (25 Term) |
| Maturity Age | - | 75 Years |
| Basic Sum Assured | ₹ 2,00,000 | No Limit |
Maturity Benefit
On survival to the end of the policy term, receive the Basic Sum Assured + Vested Bonuses + Final Additional Bonus.
Death Benefit
Nominee receives Sum Assured on Death + Vested Bonuses + FAB. Sum Assured on Death is higher of 105% of premiums paid or 7x annual premium.
Common Questions
Is Plan 936 a limited premium plan?
Yes. For 16, 21, and 25 year terms, you pay for only 10, 15, and 16 years respectively.
Can I take a loan?
Loan facility is available after paying 2 full years of premiums.
Frequently Asked Questions
Authoritative guidance on LIC Jeevan Labh Plan 936.
Q. What is the Premium Paying Term (PPT) in LIC Jeevan Labh 936?
LIC Jeevan Labh Plan 936 is a limited premium paying plan. For a 16-year policy term, PPT is 10 years; for 21 years, PPT is 15 years; and for 25 years, PPT is 16 years.
Q. How is the maturity benefit calculated for LIC Plan 936?
Maturity Benefit = Basic Sum Assured + Simple Reversionary Bonuses declared during the policy term + Final Additional Bonus (FAB), if any.
Q. What are the tax benefits of LIC Jeevan Labh?
Premiums paid qualify for deduction under Section 80C up to ₹1.5 Lakh per financial year. Maturity proceeds are exempt under Section 10(10D) subject to prevailing aggregate premium conditions.
Q. Can I surrender LIC Jeevan Labh 936 early?
Under current IRDAI rules, the policy acquires a guaranteed surrender value after completing 1 full year of premium payments, though surrendering early reduces overall bonus yields.