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

Before diving in, here's a quick overview of what makes Jeevan Labh (Plan 936) a preferred choice for many:

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.

• 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.

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.

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.

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:

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.

Jeevan Labh offers significant tax advantages under the Exempt-Exempt-Exempt (EEE) category, a key reason for its popularity.

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.

• 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.

Choosing the right LIC plan can be confusing. Here’s a quick comparison to help you decide: