LIC Jeevan Labh 936 Premium and Maturity Calculator: Quick Estimates for 2026
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Plan Details & Information
Introduction
The LIC Jeevan Labh 936 premium and maturity calculator stands out as a handy online resource. It lets you figure out insurance premiums and maturity payouts right away. This limited premium payment endowment plan mixes solid life coverage with sure savings. No wonder it's a top choice among India's insurance options. Forget trips to LIC offices or delays from agents. This tool pulls from official LIC rates to deliver spot-on results in moments.
About LIC Jeevan Labh Plan 936
Plan Type: Limited Premium Payment, Non-Linked, With-Profits Endowment Assurance Plan
Plan Code: 936
Category: Traditional Plans
LIC Jeevan Labh targets folks who want protection paired with reliable gains. What sets it apart? The shorter premium payment window. You cover costs for less time, yet protection lasts the full term.
Eligibility Criteria
- Minimum Entry Age: 8 years
- Maximum Entry Age: 59 years for 16-year term, 54 years for 21-year term, 50 years for 25-year term
- Age Calculation Method: Age Nearer Birthday
Policy Options
- Policy Terms Available: 16, 21, or 25 years
- Premium Paying Terms: 10 years, 15 years, 16 years
- Minimum Sum Assured: ₹1,00,000
Key Features and Benefits
Maturity Benefits
If you reach the end of the policy term, you receive the complete sum assured and bonuses accumulated over the term. A Simple Reversionary Bonus is awarded yearly, and from historical data, these bonuses tend to be approximately 45 to 50 rupees per ₹1,000 of sum assured. Final Additional Bonus is received at the end of the term and is usually about 40 to 45 rupees per 1,000 of sum assured. These bonuses significantly increase the value of the total amount you will receive.
Death Benefits
If you die during the term, the benefactors receive the bonuses, and whichever is greater:
- 125% of the basic sum assured, or
- 7x the annual premium during the policy period.
There is a minimum guarantee of 105% of total premiums paid. A good safety measure for the family.
Tax and Other Benefits
- Tax Benefits: Under Section 80C of the Income Tax Act, you can claim premium you have paid as deduction for a maximum of 1.5 lakh per annum. Under Section 10(10D), at present, the maturity and death benefit payouts of the policy are not subjected to tax. A good tax savings strategy.
- Loans: Once your policy is eligible for surrender, you are able to take any amount of the value of the policy as loan.
- Payment Flexibility: You have the option to choose payment of premium at your convenience. A grace period of 30 days is offered for yearly or half yearly payment. 15 days of grace period are offered for monthly or quarterly payment.
- Riders: Additional riders can be attached for more risk coverage.
How to Use the Calculator
Step 1: Enter Your Date of Birth
Tap the "Date of Birth" spot for the calendar. Pick your date precisely. It crunches your age via LIC's Age Nearer Birthday rule. Over 6 months since your last birthday? It bumps to the next age. It checks eligibility on the fly. Out of range? Red alert pops up.
Step 2: Input Sum Assured
Type your coverage goal into "Sum Assured". Starts at ₹1,00,000, jumps in ₹1,000 steps. Numbers only. It flags if too low. Think about family needs, debts, kids' schooling, future aims when choosing.
Step 3: Select Policy Term
Drop-down gives 16 Years, 21 Years, or 25 Years. Match it to your age and plans. Premium Paying Term auto-sets: 10 years for 16-term policy, 15 for 21, 16 for 25. Pays off big once payments wrap.
Step 4: Choose Premium Payment Mode
Pick from the drop-down:
- Yearly: Cheapest total, full annual hit
- Half-Yearly: Split twice a year
- Quarterly: Four bites yearly for easier budgeting
- Monthly: Twelve small chunks, like easy installments
Mode tweaks installments only. Coverage stays the same.
Step 5: Calculate and View Results
Hit the blue "Calculate" button below the form. It runs the numbers fast, drawing from LIC tables. Results land in the right panel, no refresh needed. See annual premium, mode-specific amount, total premiums over the paying term, plus maturity details. Want to tweak? "Reset" clears it all.
Understanding Your Calculator Results
Results come formatted with signs and commas for clarity. Annual Premium bases on age, sum assured, term, and LIC rates. Selected Mode Premium is your real payment per cycle. Total Premium Payable multiplies annual by paying term.
Maturity Benefit Breakdown covers: Guaranteed Sum Assured, Estimated Simple Reversionary Bonus, Estimated Final Additional Bonus, and Total Maturity Amount. Death Benefit outlines nominee payout if needed.
Calculator Technical Features
Real-time checks catch input slips as you go, matching LIC rules. Age rule applies automatically, no math headaches. Mode factors ensure precise installments. Clean layout fits phones, tablets, desktops. Errors show in red boxes up top, pinpointing fixes.