What is the difference between Plan 936 and Plan 736?

Plan 736 is the current active UIN version of LIC Jeevan Labh. Plan 936 and Plan 836 were legacy plan numbers for the same limited pay endowment structure. Rates and benefits remain consistent.

What is the premium for a ₹10 Lakh sum assured in Jeevan Labh?

For a 30-year-old taking a 25-year term (PPT 16 years), the yearly premium is approximately ₹42,200 including 1st year GST.

What is the formula for calculating Jeevan Labh maturity amount?

Maturity Amount = Basic Sum Assured + Accumulated Simple Reversionary Bonuses (SRB) + Final Additional Bonus (FAB).

What is the Grace Period for Jeevan Labh premium payment?

LIC allows a Grace Period of 30 days for yearly, half-yearly, and quarterly payment modes, and 15 days for monthly mode.

What is the Premium Waiver Benefit (PWB) Rider?

The PWB rider is available for child policies (entry age under 18). If the proposer (parent) passes away during the PPT, all future premiums are waived while the policy continues with full maturity benefits.

Which internal tools help compare Jeevan Labh with other options?

Use our LIC Premium Calculator , LIC Maturity Calculator , and LIC Surrender Value Calculator .

LIC Jeevan Labh Calculator (Plan 936 / 736) — Premiums & Maturity Returns

By Mahesh Chaube, CFP|Last updated: August 2026

Reviewed by Laveena Vijayi — BharatSaver Editorial Team

Our free, online LIC Jeevan Labh calculator (Plan 936 / 736) gives you instant, accurate estimates for your premiums, limited payment schedule, and tax-free maturity returns. Plan 736 (formerly 936 and 836) is LIC's highest-yielding limited pay endowment policy.

LIC Jeevan Labh Plan 736 / 936 at a Glance

LIC Jeevan Labh (Table No. 736, formerly Plan 936 and Plan 836) is a non-linked, with-profits, limited premium paying endowment plan registered under IRDAI. For official policy details, visit the LIC of India Official Portal.

Feature / Parameter	Plan 736 / 936 Details
Plan Numbering	Plan 736 (Active) / Plan 936 (Legacy) / Plan 836 (Original)
Entry Age	8 years to 59 years
Policy Term / Paying Term (PPT)	16 Yrs (Pay 10 Yrs), 21 Yrs (Pay 15 Yrs), 25 Yrs (Pay 16 Yrs)
Minimum Sum Assured	₹2,00,000 (No upper limit, in multiples of ₹10,000)
Bonuses Declared	Simple Reversionary Bonus (SRB) + Final Additional Bonus (FAB)
Grace Period	30 Days (Yearly, Half-Yearly, Quarterly) / 15 Days (Monthly)
Free Look Period	15 Days from receipt of policy bond
Tax Benefits	Deduction under Sec 80C (up to ₹1.5L) & Tax-free maturity under Sec 10(10D)

Why Use Our LIC Jeevan Labh Calculator?

Calculating limited pay insurance premiums manually can be complex. Our interactive actuarial hub satisfies high-intent requirements by computing exact outlays instantly:

Limited PPT Visualization: Instantly see how many years of premium payments you save (e.g. pay 16 years for a 25-year policy).
Dual Plan 736/936 Accuracy: Replicates official LIC tabular rates with 1st-year (4.5%) and 2nd-year (2.25%) GST brackets.
Granular Maturity Breakdown: Displays Basic Sum Assured, Simple Reversionary Bonus (SRB), and Final Additional Bonus (FAB) separately.
Optional Riders Support: Programmed with Accidental Death & Disability Benefit (ADDB), Term Assurance, and Premium Waiver Benefit (PWB) riders.

Factors That Affect Your Jeevan Labh Premium

Entry Age: Younger policyholders enjoy significantly lower yearly premiums.
Chosen Term & PPT Option: Term 25 / PPT 16 provides the highest total compounding bonuses.
Sum Assured Rebates: LIC grants High Sum Assured (HSA) rebates per ₹1,000 SA for policies above ₹5 Lakh and ₹10 Lakh.
Modal Discounts: Yearly mode gets a 2% rebate on tabular premium; Half-Yearly gets 1% rebate.

LIC Jeevan Labh 10 Lakh Premium Chart (Sample)

Sample yearly premiums for a **₹10 Lakh Sum Assured** across different entry ages and policy terms (including 1st year GST @ 4.5%):

Entry Age	Term 16 / PPT 10	Term 21 / PPT 15	Term 25 / PPT 16
20 Years	₹85,150	₹50,300	₹40,900
30 Years	₹86,900	₹51,800	₹42,200
40 Years	₹90,500	₹55,500	₹46,100
50 Years	₹1,01,200	₹64,900	₹54,800

Premiums are approximate and subject to underwriting approval.

Jeevan Labh Maturity Calculator with Bonus (Illustrative)

Estimated **tax-free maturity payout** for a **₹10 Lakh Sum Assured** policy under Section 10(10D):

Entry Age	Term 16 / Maturity	Term 21 / Maturity	Term 25 / Maturity
20 Years	₹17,44,000	₹20,34,000	₹23,00,000
30 Years	₹17,44,000	₹20,34,000	₹23,00,000
40 Years	₹17,44,000	₹20,34,000	₹23,00,000
50 Years	₹17,44,000	₹20,34,000	₹23,00,000

Maturity formula = Sum Assured + Accumulated SRB + Final Additional Bonus (FAB).

Worked-Out Premium & Maturity Examples

Example 1: Jeevan Labh ₹10 Lakh Sum Assured (Age 30, Term 25)

Scenario: A 30-year-old selects 25-year term (PPT 16 years).
Yearly Premium: Approx. ₹42,200/year for 16 years.
Total Premium Paid: ~₹6.75 Lakh.
Estimated Maturity Payout: ₹10,00,000 (Sum Assured) + ~₹12,00,000 (SRB @ ₹48/1000) + ~₹1,00,000 (FAB) = ~₹23,00,000 (Tax-Free).

Example 2: LIC Jeevan Labh 1 Crore Premium (Age 35, Term 21)

Scenario: A 35-year-old professional opts for ₹1 Crore Sum Assured with 21-year term (PPT 15 years).
Yearly Premium: Approx. ₹5,10,000/year for 15 years.
Total Outflow: ~₹76.5 Lakh.
Estimated Maturity Payout: A tax-free lump sum of over ₹2.03 Crore.

Tax Benefits & Regulatory Rules: Sec 80C & 10(10D)

LIC Jeevan Labh is classified under the Exempt-Exempt-Exempt (EEE) category under the old tax regime:

Section 80C Deduction (Annual Premium Savings)

Premiums paid up to ₹1.5 Lakh per financial year qualify for deduction under Section 80C of the Income Tax Act.

Section 10(10D) Tax-Free Maturity

The entire maturity sum (Sum Assured + SRB + FAB) is 100% tax-free under Section 10(10D), provided annual premium does not exceed 10% of the basic sum assured.

Policy Surrender Value & Policy Loan Rules

Jeevan Labh acquires a guaranteed surrender value after at least two full years of premiums have been paid.

Guaranteed Surrender Value (GSV): A set percentage of total premiums paid plus vested bonus factor.
Policy Loan Facility: You can take a loan up to 90% of the policy's surrender value for in-force policies (80% for paid-up policies) without terminating the risk cover.

Jeevan Labh (736) vs. Jeevan Umang (945) vs. Jeevan Utsav (871)

Compare Jeevan Labh limited pay endowment with other flagship LIC savings plans:

Feature	Jeevan Labh (736/936)	Jeevan Umang (945/745)	Jeevan Utsav (871)
Plan Type	Limited Pay Endowment	Whole Life + Survival Income	Whole Life + Guaranteed Income
Primary Goal	High lump sum for specific goal	Lifelong 8% income post-PPT	Flexi 10% guaranteed income
Maturity	Fixed at end of policy term	At age 100 or death	At age 100 or death
PPT Options	10, 15, or 16 Years	15, 20, 25, or 30 Years	5 to 16 Years

Choose Jeevan Labh if your priority is receiving a tax-free lump sum at a fixed milestone (child education, marriage).

Conclusion: Why Jeevan Labh is LIC's Top Limited Pay Plan

LIC Jeevan Labh (Plan 736/936) remains the premier limited pay policy for wealth creation and tax-free lump sum goals. For official guidelines, check LIC India Official Web Portal. For broader planning, compare with our LIC premium calculator, LIC maturity calculator, and tax regime calculator.

Frequently Asked Questions (FAQs)

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