OnlineLIC Jeevan Labh Plan (936) Premium Calculator

Online LIC Jeevan Labh Plan (936) Calculator

Policy Term:

Premium Paying Term:

Sum Assured (₹):

Your Age (years):

Gender:

Premium Calculation Results

Year	Premium Paid	Survival Benefit	Death Benefit	Maturity Benefit

Note: This calculator provides an estimate based on standard premium rates. Actual premiums may vary based on LIC's underwriting decisions and other factors. The calculator assumes annual premium payment mode.

Guaranteed additions are calculated at ₹50 per ₹1,000 sum assured for first 5 years and ₹55 per ₹1,000 sum assured thereafter.

Key Features of the Calculator

Plan Options:
- Policy Terms: 16, 21, or 25 years
- Corresponding Premium Paying Terms: 10, 15, or 16 years respectively
Input Fields:
- Sum Assured (minimum ₹100,000)
- Age (8-59 years)
- Gender (male/female)
Benefit Calculations:
- Death Benefit: Sum assured payable on death during policy term
- Survival Benefits:
  - 16-year plan: 15% at end of 15th year
  - 21-year plan: 15% at end of 18th and 20th years (total 30%)
  - 25-year plan: 15% at end of 20th, 22nd, and 24th years (total 45%)
- Maturity Benefit: Sum assured + guaranteed additions
- Guaranteed Additions:
  - ₹50 per ₹1,000 sum assured for first 5 years
  - ₹55 per ₹1,000 sum assured thereafter
Output Display:
- Annual premium amount
- Total premium payable over the premium paying term
- Year-by-year benefit table showing premium payments, survival benefits, death benefit, and maturity benefit
- Summary of key benefits

Notes

The premium rates used in this calculator are illustrative examples. Actual LIC premium rates may differ based on their current pricing.
This calculator assumes annual premium payment mode. Premiums may vary for other payment modes (monthly, quarterly, half-yearly).
The calculator doesn't account for rebates that may apply for high sum assured amounts.
For exact premium calculations, please consult with an LIC agent or use LIC's official premium calculator.

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Beginner's Guide to LIC Jeevan Labh Plan

Beginner's Guide to LIC Jeevan Labh Plan (Table 936)

What is Jeevan Labh Plan?

LIC Jeevan Labh is a limited premium payment money-back plan that combines savings with life insurance protection. It offers:

Guaranteed returns through survival benefits
Life cover throughout the policy term
Limited premium payment period (pay for fewer years than policy duration)
Bonus additions that increase your maturity amount

Key Features

Three Policy Terms Available: 16, 21, or 25 years
Limited Premium Payment: Pay for 10, 15, or 16 years only
Money-Back Benefits: Receive periodic payouts during the policy term
Guaranteed Additions: Fixed amounts added to your policy each year
Loan Facility: Borrow against your policy after premium payments complete
Tax Benefits: Premiums qualify for tax deductions under Section 80C

Benefits You Receive

Death Benefit

If the policyholder passes away during the policy term:

Nominee receives 100% of Sum Assured
Plus all Guaranteed Additions accumulated till date

Survival Benefits (Money-Back)

Policy Term	Payment Years	Benefit Amount	Total Survival Benefit
16 years	15th year	15% of Sum Assured	15%
21 years	18th & 20th year	15% each time	30%
25 years	20th, 22nd & 24th year	15% each time	45%

Maturity Benefit

At the end of the policy term, you receive:

Basic Sum Assured (minus any survival benefits already paid)
Plus all Guaranteed Additions
Plus any Loyalty Additions if declared by LIC

Who Can Buy This Plan?

Minimum Age: 8 years (for child) / 18 years (for adult)
Maximum Age: 59 years (at policy commencement)
Minimum Sum Assured: ₹100,000
Maximum Sum Assured: No upper limit (subject to underwriting)
Policy Terms: 16, 21, or 25 years
Premium Payment Terms: 10, 15, or 16 years respectively

How the Plan Works

Example: 25-Year Policy

You pay premiums for 16 years
Receive 15% of Sum Assured at end of 20th, 22nd, and 24th years (total 45%)
At maturity (25 years), receive remaining 55% of Sum Assured + Guaranteed Additions
Throughout the policy, you have full life cover

Guaranteed Additions

These are fixed amounts added to your policy each year:

First 5 years: ₹50 per ₹1,000 Sum Assured
Thereafter: ₹55 per ₹1,000 Sum Assured

Example: For ₹1,000,000 Sum Assured, you get ₹5,000/year for first 5 years, then ₹5,500/year after.

Tips for Beginners

Choose the policy term based on your financial goals timeline (education, retirement, etc.)
The 25-year plan gives highest returns but requires longest commitment
Calculate premium using the LIC premium calculator before buying
Don't miss premium payments to keep the policy active
Compare with other LIC plans like Jeevan Anand or Money Back policies
Remember that Guaranteed Additions make this plan different from regular money-back policies