LIC Jeevan Labh 936 Calculator — Premiums & Maturity (Free Online Tool)

By Mahesh Chaube, CFPLast updated:
Reviewed by Laveena Vijayi — BharatSaver Editorial Team

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)
Enter your details to estimate the premium and maturity benefits.

Optional Riders

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:
FeatureDetails
Plan TypeNon-linked, With-Profits, Limited Premium Endowment
Entry Age8 years to 59 years
Policy Term / PPT16/10 years, 21/15 years, 25/16 years
Sum AssuredMinimum ₹2,00,000 (No upper limit)
BonusesSimple Reversionary Bonus + Final Additional Bonus (FAB)
Tax BenefitsPremium 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.

Factors That Affect Your Jeevan Labh Premium

  • Age of Policyholder: The younger you are, the lower your premium.
  • Sum Assured: A higher coverage amount means a higher premium.
  • Policy Term: Longer terms generally have slightly lower annualized premiums but are paid for more years.
  • Mode of Payment: Yearly payments are cheaper than monthly payments due to 'modal loading'.
  • Riders: Optional add-ons like Accidental Death Benefit increase the cost.
  • High Sum Assured Rebates: LIC offers a discount on higher sum assured amounts, which our calculator includes.

LIC Jeevan Labh 10 Lakh Premium Chart (Sample)

Here’s a sample chart showing estimated yearly premiums for a **₹10 Lakh Sum Assured** for a standard male life. These figures are illustrative and include GST.
Entry AgeTerm 16 / PPT 10Term 21 / PPT 15Term 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 can vary based on underwriting.

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 AgeTerm 16 / MaturityTerm 21 / MaturityTerm 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.

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.

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:
TermBonus Rate for 2023-24Bonus 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. 1

    Enter Basic Details

    Input your current age and the Sum Assured (coverage amount) you desire.
  2. 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. 3

    Click 'Calculate'

    Our tool instantly computes the premium, including GST, and estimates the maturity value based on illustrative bonus rates.
  4. 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:
FeatureJeevan Labh (936)Jeevan Umang (945)Jeevan Utsav (871)
Plan TypeLimited Pay EndowmentWhole Life + Guaranteed IncomeWhole Life + Guaranteed Additions
Primary GoalGoal-based lump sum (e.g., child's marriage)Lifelong income stream post-PPTFlexible lifelong benefits
MaturityFixed at end of policy termAt age 100 or on deathAt age 100 or on death
Key BenefitLump sum payout8% of Sum Assured annually after PPTGuaranteed Additions during PPT
Premium LevelLowest of the threeHighestModerate
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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