LIC Jeevan Labh Calculator 2025
Estimate Annual Premium and Maturity Benefit. All calculations are illustrative. Consult LIC for actual quotes.
FAQs about LIC Jeevan Labh Calculator
Jeevan Labh is a limited premium paying, non-linked, participating, individual life assurance plan. This means you pay premiums for a shorter period than the policy term, and you receive bonuses as it participates in the profits of LIC. It provides both protection and savings, offering a lump sum at maturity or a death benefit to the nominee.
The Jeevan Labh plan offers three fixed combinations of Policy Term (PT) and Premium Paying Term (PPT): (1) 16 years PT / 10 years PPT, (2) 21 years PT / 15 years PPT, and (3) 25 years PT / 16 years PPT. The policyholder benefits from coverage for the full term while paying premiums for a shorter duration.
The Maturity Benefit is the Sum Assured on Maturity plus Vested Simple Reversionary Bonuses (SRB) and the Final Additional Bonus (FAB), if any. The SRB is declared by LIC annually based on its performance and is added to the policy every year. The FAB is a one-time bonus paid at the time of maturity.
Yes. The premiums paid under the Jeevan Labh plan are generally eligible for deduction under Section 80C of the Income Tax Act, 1961. The maturity proceeds and the death benefit are generally tax-exempt under Section 10(10D), provided all conditions specified in the Act are met.
Yes, a loan facility is available under this plan after the policy acquires a surrender value. A policy acquires a surrender value once premiums for at least two full years have been paid. The amount of loan available is subject to the terms and conditions and the current rules set by LIC.
LIC Jeevan Labh Calculator 2025
Hey, have you ever sat down with a cup of chai, staring at your budget, and wondered if that life insurance plan is really pulling its weight? You’re not alone. In a world where everything from groceries to gadgets seems to cost more, planning for the long haul feels like a puzzle.
That’s where the LIC Jeevan Labh Calculator shines—it’s like having a friendly financial buddy who crunches the numbers so you don’t have to. Especially in 2025, with bonus rates climbing and no more GST on premiums, this tool makes it easier to see if LIC’s Jeevan Labh (Plan 936) fits your dreams, whether it’s funding your kid’s college or just padding that retirement nest egg.
Why Jeevan Labh Stands Tall in 2025: A Quick Plan Overview
Life doesn’t pause for uncertainties, right? Jeevan Labh (still rocking Plan No. 936, though whispers of a tweak to 736 float around) is LIC’s answer to that—a non-linked, participating endowment plan that says, “Hey, I’ve got your back.”
You pay premiums for a shorter stretch (10, 15, or 16 years), but coverage stretches the full policy term (16, 21, or 25 years). At the end, if you’re still kicking, you snag a maturity payout loaded with bonuses. If not, your family gets a safety net.
What makes it pop in 2025? No GST on life insurance premiums means more money stays in your pocket. Plus, LIC’s valuation bumped bonuses with new slabs—for sums over ₹5 lakhs, it’s an extra ₹1 per ₹1,000, and for Jeevan Labh specifically, up to three tiers including a sweet ₹2 boost for ₹10 lakhs+. It’s not flashy like stocks, but in shaky markets, that guaranteed vibe? Priceless.
Think of it as a reliable old scooter—gets you there without the drama. Ideal for parents saving for milestones or anyone wanting tax perks without the headache.
Who Qualifies? Eligibility Made Simple
Jumping in isn’t rocket science. LIC keeps the bar low to welcome more folks. Here’s the eligibility rundown for 2025—no big surprises, but worth a peek.
- Entry Age: 8 to 59 years. Kids can start early (great for education funds), and if you’re 30 picking a 25-year term, you’ll mature at 55—nice and tidy.
- Maturity Age: Up to 75 years max. Keeps things practical.
- Sum Assured: Starts at ₹2 lakhs, no ceiling (though big amounts might need a health once-over).
- Policy Terms: Locked combos—16/10, 21/15, or 25/16 (policy term/premium paying term).
| Term Combo | Best For | Premium Years |
|---|---|---|
| 16/10 | Quick goals like a wedding | 10 |
| 21/15 | Family security balance | 15 |
| 25/16 | Long-term retirement play | 16 |
Single premium? Nope, it’s regular pay only. And hey, women and high-net-worth folks get the same shot—no discrimination here. Just ensure you’re a resident Indian; NRIs might need extra steps.
Crunching Real Numbers: Sample Runs to Spark Ideas
Numbers without stories are snores, so let’s run the calculator with 2025 vibes (using bumped bonuses: say ₹55/₹1,000 for SRB on higher SA). Assume annual pay, no riders.
Case 1: Young Starter (Age 25, ₹5 Lakhs SA, 16/10 Term)
- Annual Premium: ~₹32,000 (incl. old taxes for sim; now GST-free!)
- Total Paid: ~₹3.2 lakhs
- Maturity (After 16 Years): ~₹8.9 lakhs (SA + ₹3.3 lakhs SRB + ₹0.3 lakhs FAB)
- Why Cool: Doubles your input—perfect for a first-home deposit.
Case 2: Family Anchor (Age 35, ₹10 Lakhs SA, 21/15 Term)
- Annual Premium: ~₹68,000
- Total Paid: ~₹10.2 lakhs
- Maturity: ~₹18.5 lakhs (SA + ₹11.55 lakhs SRB + ₹0.9 lakhs FAB)
- Takeaway: Covers inflation; IRR around 5.5-6%.
Case 3: Seasoned Planner (Age 45, ₹3 Lakhs SA, 25/16 Term)
- Annual Premium: ~₹25,000
- Total Paid: ~₹4 lakhs
- Maturity: ~₹6.1 lakhs (SA + ₹4.125 lakhs SRB + ₹0.18 lakhs FAB)
- Perk: Shorter pay window eases later budgets.
| Scenario | Premium/Year | Maturity Est. | Return Multiple |
|---|---|---|---|
| Young Starter | ₹32k | ₹8.9L | 2.8x |
| Family Anchor | ₹68k | ₹18.5L | 1.8x |
| Seasoned Planner | ₹25k | ₹6.1L | 1.5x |
Plug your deets in—the code’s formula adjusts for age/term, giving “what if” power.
Benefits That Actually Matter: Protection Meets Profits
Jeevan Labh isn’t just a policy; it’s a toolkit for life’s plot twists.
- Maturity Magic: Outlive the term? Grab SA on maturity + vested simple reversionary bonuses (annual adds from LIC’s wins) + final additional bonus (one-time cherry). 2025’s higher rates mean juicier payouts—up to ₹55/₹1,000 SRB.
- Death Shield: Nominee scores higher of 10x annual premium, 105% total premiums, or full SA + bonuses. No skimping on support.
- Bonus Boost: Participating means you dip into LIC’s profits—guaranteed additions yearly, paid at end. New slabs reward bigger SA.
- Loan Lifeline: After 2-3 years’ premiums, borrow up to 90% surrender value at ~9.5% interest (2025 rate). Emergencies? Covered without cashing out.
- Rider Ramp-Up: Add-ons like accidental death (extra 100% SA), term rider (pure protection boost), or critical illness waiver (premiums pause if sick). Five options total, for ~5-10% more premium.
Pay modes? Yearly, half-yearly, quarterly, or monthly via NACH. Large SA? Rebates knock off 2-5%. And settlement? Lump or spread over 5-15 years for steady cash flow.
Tax Wins and Hidden Perks You Can’t Ignore
Who doesn’t love a tax break? Premiums qualify under Section 80C (up to ₹1.5 lakhs deduction), and maturity/death benefits? Tax-free under 10(10D) if SA >10x premium—most do. In 2025, with slabs steady, it’s a no-brainer for salaried folks.
Other gems: Revival within 5 years if lapsed (at 9.5% interest). Surrender after 2 years? Get 30-50% back, higher with special value. Nominate easily, even change later. It’s flexible without the fuss.
Riders and Tweaks: Tailor It to Your Life
Base plan good? Riders make it great. For pennies extra:
- Accidental Death Rider: Doubles payout if fate’s cruel—up to ₹50 lakhs.
- Term Rider: Extra death cover without maturity hit.
- Critical Illness Rider: Lump for 34 illnesses, plus premium waiver.
- Disability Benefit: Waives future premiums if disabled.
- Premium Waiver: If you or spouse pass/critically ill, payments stop.
The calculator in the code doesn’t include these, but online ones do—toggle for a full picture.
Is It Your Match? Weighing Pros, Cons, and Swaps
Jeevan Labh’s a keeper for many, but let’s balance the scales.
Pros:
- Guaranteed growth in bumpy times—2025 bonuses make it shine.
- Dual duty: Saves and shields, tax-free.
- Kid-friendly entry, loan ease.
- No GST? Sweeter premiums now.
Cons:
- Returns (5-6% IRR) trail equities (8-12%).
- Locked terms—early exit stings.
- Inflation nibbler if bonuses stall.
Alternatives? Pure term + mutual funds for growth chasers. Or LIC’s Jeevan Anand for lifelong cover. For kids, try Jeevan Tarun. Your call—goals first.
Conclusion
We’ve covered the map—from eligibility to bonus boosts. The LIC Jeevan Labh Calculator isn’t just code; it’s your ticket to clarity in 2025’s financial fog. That HTML snippet? Tinker with it, run scenarios, and dream big. Whether it’s ₹5 lakhs for security or ₹20 lakhs for legacy, this plan (and tool) empowers you to build without the guesswork.
Disclaimer: This post is for info only. Calculations are estimates using illustrative 2025 rates (bonuses, etc.) and may differ. Always get official quotes from LIC or a certified advisor. Tax rules evolve—check with pros. Investments carry risks; past isn’t future-proof.