LIC Jeevan Labh 936 Premium And Maturity Calculator
Estimate your premium and maturity benefit for LIC’s Jeevan Labh plan.
FAQs About LIC Jeevan Labh 936 Premium And Maturity Calculator
The minimum Basic Sum Assured under LIC’s Jeevan Labh plan is $\text{₹}2,00,000$ (Two Lakh Rupees). There is no upper limit on the Sum Assured, though it is subject to underwriting.
Jeevan Labh is a Limited Premium Payment plan. The PPT is always shorter than the PT. The available options are:
- $\text{PT}=16$ years $\to \text{PPT}=10$ years
- $\text{PT}=21$ years $\to \text{PPT}=15$ years
- $\text{PT}=25$ years $\to \text{PPT}=16$ years
Premiums paid under the plan are eligible for a deduction under Section 80C of the Income Tax Act, 1961 (up to the limit of $\text{₹}1,50,000$). The maturity amount is generally exempt from tax under Section 10(10D).
Yes, a loan facility is available under this plan after the policy has acquired a surrender value (i.e., after two full years’ premiums have been paid). The loan amount and interest rate are subject to LIC’s terms and conditions at the time of availing the loan.
Yes, premiums can be paid regularly at yearly, half-yearly, quarterly, or monthly intervals (through NACH only). Annual mode often offers a slightly better effective rate than other modes.
Understanding the LIC Jeevan Labh 936 Premium and Maturity Calculator
Hey there! If you’re juggling work, family, and those nagging worries about the future, you’re not alone. I’ve been there—staring at bills, wondering how to build a safety net that actually grows with you. That’s where plans like LIC’s Jeevan Labh 936 come in.
It’s not just another insurance policy; it’s a smart blend of protection and savings that feels like a reliable friend during tough times. And the best part? Tools like the LIC Jeevan Labh 936 premium and maturity calculator make it super easy to see if it fits your life.
What Exactly Is the LIC Jeevan Labh 936 Plan?
Picture this: You pay premiums for a set number of years, get life coverage the whole time, and at the end, a nice lump sum lands in your lap. That’s Jeevan Labh 936 in a nutshell—a limited premium, non-linked, participating endowment plan from the Life Insurance Corporation of India (LIC). Launched back in February 2020, it’s designed for folks who want guaranteed returns without betting on the market.
Unlike term plans that only pay out if something goes wrong, this one rewards you for sticking around. It’s “participating,” meaning you share in LIC’s profits through bonuses. And with India’s economy buzzing in 2025, it’s a steady option amid inflation worries.
But heads up: The original 936 version wrapped up in October 2024, evolving into Plan 736 with tweaks like higher bonus slabs. Still, the core magic—and our calculator—stays the same.
Why choose it? It’s simple: Peace of mind plus growth. If life throws a curveball, your family gets support. If you sail through, you pocket the rewards. No wonder it’s a bestseller for middle-class families.
Why Bother with a Premium and Maturity Calculator?
Let’s be honest—numbers can feel like a maze. Enter the LIC Jeevan Labh 936 premium and maturity calculator: Your personal crystal ball for financial planning. This free online tool (yep, even embeddable on websites) lets you plug in your age, sum assured, and policy term to spit out estimates on what you’ll pay yearly and what you’ll get back at maturity.
It’s not magic; it’s math based on LIC’s rates, including bonuses and a dash of GST. In a world of flashy apps, this one’s refreshingly transparent. Use it to tweak scenarios—like bumping up your sum assured—and see the impact instantly. For busy pros, it’s a 5-minute hack to decide if the plan aligns with your budget.
Think of it as test-driving a car before buying. You wouldn’t commit without knowing the mileage, right? Same here: The calculator shows if Jeevan Labh 936 beats your fixed deposit or savings account.
Breaking Down Eligibility: Who Can Jump In?
Not everyone fits every plan, but Jeevan Labh 936 keeps the door wide open. Here’s the quick scoop:
- Entry Age: Starts at 8 years (perfect for kids’ plans) and caps at 59. So, if you’re in your 30s eyeing a 25-year term, you’re golden—your maturity age tops out at 75.
- Maturity Age: Max 75 years, keeping things sensible.
- Sum Assured: Kick off at ₹2 lakhs—no upper cap, but higher amounts might need underwriting (a fancy word for LIC’s health check).
- Policy Terms: Pick 16, 21, or 25 years. Shorter? Pay premiums for 10 years. Longer? Up to 16 years of payments. It’s flexible for different life stages.
| Policy Term | Premium Paying Term (PPT) | Ideal For |
|---|---|---|
| 16 years | 10 years | Quick savings boost, like wedding funds |
| 21 years | 15 years | Balanced family protection |
| 25 years | 16 years | Long-haul retirement nest egg |
Pro tip: If buying for a child, you (the parent) pay premiums, but the payout goes to them at maturity. Easy way to kickstart their future.
How the Calculator Works: Step-by-Step Magic
It’s user-friendly: Enter your details, hit calculate, and boom—results pop up in pretty cards.
Here’s the flow:
- Input Your Age: Slider or number field, locked between 8-59. Why? Rates tweak based on risk (older folks pay a bit more).
- Set Sum Assured: Minimum ₹2 lakhs, in ₹10,000 steps. This is your base coverage—what grows with bonuses.
- Choose Term: Dropdown for 16/21/25 years. It auto-sets the PPT (premium paying years).
- Hit Calculate: The JavaScript crunches numbers using illustrative rates. It factors in base premiums (around ₹35-₹50 per ₹1,000 SA, adjusted for age/term), adds 4.5% GST for year one, and estimates bonuses.
Under the hood? A function called calculatePremiumAndMaturity does the heavy lifting. Base rate starts at 35, bumps up 0.5 per year over 20, plus term extras (5 for 21 years, 8 for 25). Maturity? Sum assured + simple reversionary bonus (₹40 per ₹1,000 SA yearly) + final additional bonus (₹300-₹500 per ₹1,000, term-dependent).
The output? A blue card for annual premium (e.g., ₹25,000) and a green one for maturity (e.g., ₹7.5 lakhs on ₹5 lakhs SA). Errors? Friendly pop-ups guide you. It’s all client-side—no data shared, pure privacy.
Want to try? Copy the code into an HTML file, or hunt for online versions on LIC’s site. It’s empowering—suddenly, planning feels doable.
Sample Calculations: Real Numbers, Real Insights
Numbers tell stories, so let’s crunch a few. These use 2025 bonus rates (simple reversionary at ₹40-₹45 per ₹1,000 SA; final additional up to ₹500 for long terms). Assume annual payments, no riders.
Example 1: Young Parent (Age 30, Sum Assured ₹5 Lakhs, 16-Year Term)
- Premium Paying Term: 10 years
- Annual Premium (Year 1, incl. GST): ~₹28,500
- Total Premiums Paid: ~₹2.85 lakhs
- Maturity Benefit (After 16 Years): ~₹7.2 lakhs (SA + ₹3.2 lakhs bonuses)
Not bad—your money doubles, tax-free. Great for a down payment on a flat.
Example 2: Mid-Career Saver (Age 40, Sum Assured ₹10 Lakhs, 21-Year Term)
- PPT: 15 years
- Annual Premium: ~₹62,000
- Total Premiums: ~₹9.3 lakhs
- Maturity: ~₹15.8 lakhs
Here, bonuses shine brighter over time. IRR? Around 5.5-6.5%—beats inflation, lags stocks.
Example 3: Nearing 50 (Age 50, Sum Assured ₹3 Lakhs, 25-Year Term)
- PPT: 16 years
- Annual Premium: ~₹22,000
- Total Premiums: ~₹3.52 lakhs
- Maturity: ~₹5.1 lakhs
Shorter runway to payout, but still solid for legacy building.
Tweak these in the calculator—add age loadings or GST changes—and watch the shifts. It’s eye-opening how small inputs snowball.
The Star Benefits: What You Really Get
Jeevan Labh 936 isn’t stingy. Here’s the good stuff:
- Maturity Benefit: If you outlive the term, grab your Sum Assured + vested bonuses + final additional bonus. Often 1.5-2x your investment.
- Death Benefit: Nominee gets the higher of 10x annual premium, 105% of premiums paid, or full SA + bonuses. No skimping here.
- Bonuses: Annual simple reversionary (guaranteed additions) plus one-time final bonus at claim. 2025 rates? Up to ₹45 per ₹1,000 for high SA slabs.
- Loan Facility: Borrow up to 90% of surrender value after 2-3 years’ premiums. Handy for emergencies.
- Riders: Bolt on accidental death (extra 10-15% SA), term cover, or premium waiver if you’re critically ill.
And the tax perks? Premiums deduct under 80C (up to ₹1.5 lakhs), maturity tax-free under 10(10D). Double win!
- Flexibility: Pay yearly, half-yearly, quarterly, or monthly (NACH). Large SA? Rebates sweeten the deal.
- Settlement Options: Take maturity in lumps or installments over 5-15 years.
It’s like a Swiss Army knife for finances—versatile and tough.
Riders and Extras: Customize Your Shield
Base plan solid? Amp it up with riders for pennies on the rupee.
- Accidental Death & Disability Benefit: Extra payout if accident strikes—up to ₹50 lakhs.
- Term Rider: Boosts death cover without hiking base premiums.
- Premium Waiver: If you’re disabled or terminally ill, future premiums vanish.
These add-ons cost ~5-10% more but could save your family’s bacon. The calculator often includes toggles for them—play around!
Tax Smarts and Long-Term Perks
In 2025, with tax slabs shifting, Jeevan Labh 936 shines. Section 80C covers your premiums, freeing up cash for that family vacation. Maturity? Fully exempt if SA >10x premium—most cases qualify.
Long-term? It’s a forced savings jar. Skip payments? Revive within 5 years. Surrender early? Get 30% after year 2, rising to 50% later. Plus, it’s portable—move cities, coverage follows.
Is It Right for You? Pros, Cons, and Alternatives
Love it? Here’s the balance sheet:
Pros:
- Guaranteed returns in uncertain times.
- High bonuses make it competitive vs. FDs (5-6% effective).
- Family-focused with kid-friendly entry.
- Easy online buy via LIC portal.
Cons:
- Locked-in commitment—early exit hurts.
- Returns lag equity (8-12% potential elsewhere).
- Inflation might nibble if bonuses dip.
Alternatives? For pure protection, try LIC’s term plans. Risk-takers? ELSS funds. But for safe, steady growth? Jeevan Labh wins.
Chat with an advisor—your goals dictate the fit.
Conclusion
There you have it—a friendly guide to the LIC Jeevan Labh 936 premium and maturity calculator and the plan behind it. It’s more than numbers; it’s about crafting a future where worries fade. Grab the calculator, run your scenario, and imagine that maturity payout funding your dreams—a cozy home, grandkids’ education, or just breathing easy.
Disclaimer: This post is for informational purposes only. Calculations are illustrative, based on current rates as of October 2025, and may vary. Always consult a certified financial advisor or LIC official for personalized advice. Investments involve risks; past performance isn’t a guarantee of future results. Tax laws can change—verify with a tax expert.