LIC Jeevan Labh 936 Calculator — Premiums & Maturity (Free Online Tool)
Our free, online LIC Jeevan Labh 936 calculator gives you instant, accurate estimates for your premiums and maturity value. Understand your returns, bonus, and tax benefits for Plan 936 in seconds. Use our lic jeevan labh calculator online free to plan your investment today.
Jeevan Labh Calculator (Plan 936)
Instant actuarial calculation for premiums, limited payment schedule, and tax-free maturity benefits.
LIC Jeevan Labh Plan 936 at a Glance
Before diving in, here's a quick overview of what makes Jeevan Labh (Plan 936) a preferred choice for many:
| Feature | Details |
|---|---|
| Plan Type | Non-linked, With-Profits, Limited Premium Endowment |
| Entry Age | 8 years to 59 years |
| Policy Term / PPT | 16/10 years, 21/15 years, 25/16 years |
| Sum Assured | Minimum ₹2,00,000 (No upper limit) |
| Bonuses | Simple Reversionary Bonus + Final Additional Bonus (FAB) |
| Tax Benefits | Premium paid eligible under 80C, Maturity under 10(10D) |
Why Use a LIC Jeevan Labh Premium Calculator?
This tool empowers you to make informed decisions by providing instant clarity on costs and benefits. Here’s why it’s essential:
- Fast & Accurate Premiums: Get immediate, reliable premium estimates for your chosen sum assured and term.
- Compare Scenarios: Easily check how your premium changes for a 'lic jeevan labh maturity value 10 lakh' versus a 'lic jeevan labh 1 crore premium'.
- Budgeting Made Easy: Instantly see the difference between monthly, quarterly, and yearly payment modes.
- Full Cost Transparency: Understand the impact of GST and optional riders on your total premium outflow.
Jeevan Labh Maturity Calculator with Bonus (Illustrative)
This table, powered by our jeevan labh maturity calculator with bonus logic, projects the approximate **tax-free maturity amount** for a **₹10 Lakh Sum Assured** policy. This helps answer what the 'jeevan labh 25 years maturity value' or other terms would be.
| 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 values are estimates and not guaranteed. They depend on bonuses declared by LIC.
Worked-Out Premium & Maturity Examples
Example 1: Jeevan Labh Maturity Value for ₹10 Lakh Sum Assured
Scenario: A 30-year-old invests in a 25-year term policy.
Premium: Approx. ₹42,200 per year for 16 years.
Total Paid: ~₹6.75 Lakh.
Estimated 'Jeevan Labh 25 years maturity value': ₹10,00,000 (Sum Assured) + ~₹12,00,000 (Bonus) + ~₹1,00,000 (FAB) = ~₹23,00,000.
Premium: Approx. ₹42,200 per year for 16 years.
Total Paid: ~₹6.75 Lakh.
Estimated 'Jeevan Labh 25 years maturity value': ₹10,00,000 (Sum Assured) + ~₹12,00,000 (Bonus) + ~₹1,00,000 (FAB) = ~₹23,00,000.
Example 2: LIC Jeevan Labh 1 Crore Premium
Scenario: A 35-year-old high-income professional opts for a ₹1 Crore Sum Assured with a 21-year term.
Premium: Approx. ₹5,10,000 per year for 15 years.
Total Paid: ~₹76.5 Lakh.
Estimated Maturity: A substantial tax-free corpus of over ₹2.03 Crore.
Premium: Approx. ₹5,10,000 per year for 15 years.
Total Paid: ~₹76.5 Lakh.
Estimated Maturity: A substantial tax-free corpus of over ₹2.03 Crore.
LIC Jeevan Labh Bonus Rates (Historical Data)
The maturity value heavily depends on the Simple Reversionary Bonus declared by LIC annually. While not guaranteed, historical rates provide a good indication of performance. Here are recent illustrative rates per ₹1,000 Sum Assured:
| Term | Bonus Rate for 2023-24 | Bonus Rate for 2022-23 |
|---|---|---|
| 16 Years | ₹40 | ₹37 |
| 21 Years | ₹44 | ₹41 |
| 25 Years | ₹48 | ₹45 |
Source: Publicly available LIC bonus declarations. Rates are not guaranteed for future years.
How to Use Our LIC Jeevan Labh Calculator Online Free
- 1
Enter Basic Details
Input your current age and the Sum Assured (coverage amount) you desire. - 2
Select Term & PPT
Choose your policy term (16, 21, or 25 years). The calculator will automatically apply the correct Premium Paying Term (10, 15, or 16 years). - 3
Click 'Calculate'
Our tool instantly computes the premium, including GST, and estimates the maturity value based on illustrative bonus rates. - 4
View Detailed Results
See a clear breakdown of your yearly/monthly premiums, total amount paid, and the projected final payout.
Tax Benefits Explained: 80C & 10(10D)
Jeevan Labh offers significant tax advantages under the Exempt-Exempt-Exempt (EEE) category, a key reason for its popularity.
Section 80C Deduction (Investment Phase)
The premium you pay each year (up to ₹1.5 Lakh) is eligible for deduction from your taxable income. Example: If your annual premium for a ₹10 Lakh Jeevan Labh plan is ₹42,000 and you are in the 30% tax bracket, you can save approximately ₹12,600 in taxes each year.
Section 10(10D) Tax-Free Maturity (Return Phase)
The entire maturity amount—including the Sum Assured and all bonuses—is completely tax-free, provided the annual premium does not exceed 10% of the sum assured. Example: If your maturity value is ₹23 Lakh, you receive the full amount without any tax liability. This offers a significant advantage over instruments like Fixed Deposits where interest is fully taxable.
Surrender Value & Loan Facility Explained
Jeevan Labh provides liquidity options after you have paid premiums for at least two full years, at which point the policy acquires a 'Surrender Value'. This value is crucial for both policy surrender and loan eligibility.
- Guaranteed Surrender Value (GSV): This is calculated as a percentage of total premiums paid (excluding riders) plus a percentage of vested bonuses.
- Loan Facility: You can take a loan against the policy, with the maximum amount being up to 90% of the surrender value for in-force policies. This provides access to funds without terminating the plan.
Surrender & Loan Example (Illustrative)
If you have paid premiums totaling ₹2.5 Lakh over 5 years for your policy, it might acquire a surrender value of approximately ₹1.3 Lakh (this value depends on LIC's specific tables). Based on this, you could be eligible for a loan of up to ₹1.17 Lakh (90% of ₹1.3L). Our internal 'jeevan labh surrender value calculator' logic is built into our result estimates.
LIC Jeevan Labh Benefits at a Glance
- Pay for Less, Get for More: The key benefit is the limited premium payment term. For a 25-year policy, you only pay for 16 years.
- Dual Advantage: It combines life insurance protection with a disciplined savings plan, ensuring a lump sum at maturity.
- Tax Efficiency: Premiums paid are deductible under Section 80C, and the maturity amount is tax-free under Section 10(10D).
- Liquidity Options: Loan and surrender facilities are available after two full years of premium payments.
Jeevan Labh vs. Jeevan Umang vs. Jeevan Utsav
Choosing the right LIC plan can be confusing. Here’s a quick comparison to help you decide:
| Feature | Jeevan Labh (936) | Jeevan Umang (945) | Jeevan Utsav (871) |
|---|---|---|---|
| Plan Type | Limited Pay Endowment | Whole Life + Guaranteed Income | Whole Life + Guaranteed Additions |
| Primary Goal | Goal-based lump sum (e.g., child's marriage) | Lifelong income stream post-PPT | Flexible lifelong benefits |
| Maturity | Fixed at end of policy term | At age 100 or on death | At age 100 or on death |
| Key Benefit | Lump sum payout | 8% of Sum Assured annually after PPT | Guaranteed Additions during PPT |
| Premium Level | Lowest of the three | Highest | Moderate |
Conclusion: Choose Jeevan Labh for a specific, timed goal. Choose Jeevan Umang for a lifelong pension-like income. Choose Jeevan Utsav for more flexibility on benefit withdrawal.
My Final Take: Is Jeevan Labh Right for You?
Jeevan Labh (Plan 936) is an excellent choice for those seeking a disciplined, limited-pay endowment plan with strong tax benefits and guaranteed returns. It's particularly suitable for goal-based savings like children's education or marriage. For broader financial planning, explore our loan optimizer for debt management and mutual fund overlap calculator for portfolio optimization. Compare with other LIC plans using our LIC premium calculator to make the best choice. For tax optimization, check our tax regime calculator and for retirement planning, use the retirement corpus calculator.
Frequently Asked Questions (FAQs)
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