LIC Jeevan Labh Calculator (Plan 936)
Instant premium and maturity illustration for LIC's popular endowment plan. Check your potential returns now.
Benefit Illustration
Approx. Premium (Excl. GST)
Maturity Breakdown
Total Estimated Maturity
*Returns are illustrative based on current bonus rates. Actual results depend on LIC's future profits.
Plan 936 Features
- Limited Premium Payment
- High Maturity Benefit
- Tax Benefits (80C & 10D)
- Loan Facility Available
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What is the LIC Jeevan Labh Calculator?
The LIC Jeevan Labh Calculator helps you estimate the premium, maturity benefit, bonus, and death benefit for LIC Jeevan Labh (Plan 936). Instead of manually calculating policy values, this tool provides a quick illustration based on the information you enter.
LIC Jeevan Labh is a participating, non-linked endowment plan that combines life insurance protection with long-term savings. One of its most attractive features is that premiums are paid for a shorter period than the overall policy term, while insurance protection continues until maturity.
Who Should Use This Calculator?
This calculator is useful for anyone planning to purchase or review an LIC Jeevan Labh policy.
- Individuals planning long-term savings.
- Parents saving for children's education or marriage.
- Salaried employees.
- Self-employed professionals.
- Existing LIC policyholders.
- Insurance advisors explaining policy benefits.
What is LIC Jeevan Labh?
LIC Jeevan Labh (Plan 936) is a limited-premium endowment insurance plan offered by the Life Insurance Corporation of India (LIC). It provides life insurance coverage together with savings, allowing policyholders to receive a lump-sum maturity benefit if they survive the policy term, while also providing financial protection to their family in case of the policyholder's death during the policy period.
Why is it Called a Limited Premium Plan?
Unlike many traditional insurance policies, LIC Jeevan Labh requires you to pay premiums for only a part of the policy term. For example, a 25-year policy requires premium payments for only 16 years, while the policy benefits continue for the full 25 years.
Policy Term and Premium Paying Term
| Policy Term | Premium Paying Term |
|---|---|
| 16 Years | 10 Years |
| 21 Years | 15 Years |
| 25 Years | 16 Years |
Why Do People Choose LIC Jeevan Labh?
- Life insurance protection.
- Limited premium payment period.
- Potential bonus additions.
- Lump-sum maturity benefit.
- Loan facility after acquiring surrender value.
- Tax benefits under applicable provisions of the Income Tax Act.
How Does the LIC Jeevan Labh Calculator Work?
The calculator estimates your policy benefits using the age, Basic Sum Assured, and selected policy term. It then provides an illustration of the premium payable, estimated maturity amount, bonus, Final Additional Bonus (FAB), and death benefit based on the assumptions used by the calculator.
Please remember that bonuses declared by LIC are not guaranteed. They depend on the Corporation's future financial performance and are announced periodically.
Understanding the Maturity Benefit
If the policyholder survives the entire policy term, the maturity benefit generally consists of:
- Basic Sum Assured
- Vested Simple Reversionary Bonus (if declared)
- Final Additional Bonus (FAB), where applicable
Understanding LIC Bonuses
| Bonus Type | Meaning |
|---|---|
| Simple Reversionary Bonus | A bonus declared by LIC from time to time and added to eligible participating policies. |
| Final Additional Bonus (FAB) | An additional bonus that may be payable at maturity or claim settlement, subject to LIC's applicable rules. |
Worked Example
Suppose a 30-year-old purchases a policy with:
| Particular | Example |
|---|---|
| Age | 30 Years |
| Basic Sum Assured | ₹5,00,000 |
| Policy Term | 25 Years |
| Premium Paying Term | 16 Years |
| Calculator Output | Estimated Premium, Bonus, Maturity Value, and Death Benefit |
When Should You Use This Calculator?
- Before purchasing LIC Jeevan Labh.
- While comparing different Sum Assured values.
- To understand premium commitments.
- To estimate maturity benefits.
- For long-term financial planning.
Common Mistakes to Avoid
- Assuming bonuses are guaranteed.
- Confusing policy term with premium paying term.
- Ignoring the effect of age on premiums.
- Using estimated values as official LIC quotations.
- Not reviewing policy terms before purchasing.
Important Note
This calculator provides an estimated illustration based on the information you enter and the assumptions used by the calculator. LIC bonus rates, Final Additional Bonus (FAB), premium calculations, tax provisions, and policy terms may change over time. Always refer to the latest official LIC policy brochure or consult an authorised LIC representative before making a financial decision.
Last reviewed: July 2026
Frequently Asked Questions
What is LIC Jeevan Labh (Plan 936)?
LIC Jeevan Labh (Plan 936) is a participating, non-linked endowment insurance plan that combines life insurance protection with long-term savings. It offers a limited premium payment period while providing coverage for the full policy term.
Is the maturity amount guaranteed?
Only the Basic Sum Assured is guaranteed according to the policy terms. Bonus and Final Additional Bonus (FAB) depend on LIC's future declarations and are not guaranteed.
Why is the premium paid for fewer years than the policy term?
LIC Jeevan Labh is a limited-premium plan. Premiums are paid only during the Premium Paying Term, while insurance coverage continues until the policy matures.
How accurate is this calculator?
The calculator provides an estimated illustration based on the information you enter and the assumptions used by the tool. Actual premiums, bonuses, and benefits may differ from LIC's official calculations.
Can I take a loan against LIC Jeevan Labh?
Yes. A policy loan may be available after the policy acquires surrender value, subject to LIC's applicable rules and conditions.
Are maturity proceeds taxable?
Tax treatment depends on the provisions of the Income Tax Act applicable at the time of maturity. Always refer to the latest tax rules or consult a qualified tax professional.
Who should consider LIC Jeevan Labh?
The plan may be suitable for individuals looking for life insurance protection along with disciplined long-term savings and a lump-sum maturity benefit.
Can I use this calculator before buying the policy?
Yes. The calculator is designed to help you estimate premiums and benefits before purchasing the policy and to compare different Sum Assured values.
Is this LIC Jeevan Labh Calculator free?
Yes. The LIC Jeevan Labh Calculator on CalcDreams is completely free to use without registration.
Which related finance calculators should I use?
You may also find the SIP Calculator, Income Tax Calculator, Gratuity Calculator, and In-hand Salary Calculator useful for financial and retirement planning.