LIC Jeevan Labh (Plan 936) Calculator
Calculate the premium, maturity amount, and benefits for LIC's Jeevan Labh plan. Get an instant and detailed illustration of your potential returns.
Enter Policy Details
Benefit Illustration
Approx. Premium (Excluding GST)
Estimated Maturity Benefit
Estimated Death Benefit
*Disclaimer: Bonus and FAB are non-guaranteed and are for illustrative purposes only. They depend on LIC's future profits.
The Ultimate LIC Jeevan Labh (Plan 936) Calculator
LIC's Jeevan Labh (Plan No. 936) is one of the most popular endowment plans in India, offering a unique combination of savings and protection. However, understanding the exact premiums, maturity benefits, and potential bonuses can be complex. To simplify this, we present the most comprehensive and user-friendly **LIC Jeevan Labh Calculator**. This tool is designed to provide you with a detailed and accurate illustration of your potential returns, helping you make an informed investment decision.
Why Use This Jeevan Labh Maturity Calculator?
Our **LIC Plan 936 calculator** is more than just a simple calculation tool; it's a complete benefit illustrator that provides clarity on your investment.
- Accurate Premium Calculation: The tool calculates your approximate premium for yearly, half-yearly, quarterly, and monthly modes, giving you a clear picture of your financial commitment.
- Detailed Maturity Breakdown: It provides a complete breakdown of your estimated maturity amount, including the Basic Sum Assured, the non-guaranteed Vested Simple Reversionary Bonus, and the Final Additional Bonus (FAB).
- Death Benefit Illustration: Understand the financial protection your family will receive in case of an unforeseen event.
- Instant and Easy to Use: Simply enter your age, desired sum assured, and policy term to get an instant, detailed report.
How to Use the LIC Jeevan Labh Calculator
Follow these simple steps to get your benefit illustration:
- Enter Your Age: Input your current age (must be between 8 and 59 years).
- Enter Sum Assured: Input the amount of life cover you want (minimum ₹2,00,000).
- Select Policy Term: Choose from the available policy terms: 16, 21, or 25 years. The premium paying term will be automatically set.
- Analyze Your Results: The calculator will instantly display your estimated premiums and a detailed breakdown of your maturity and death benefits.
Understanding LIC Jeevan Labh (Plan 936)
LIC Jeevan Labh is a limited premium paying, non-linked, with-profits endowment plan. Let's break down what this means:
- Limited Premium Paying: You pay premiums for a shorter duration than the full policy term. For a 25-year policy, you only pay for 16 years.
- Non-Linked: Your returns are not dependent on the stock market, making it a low-risk investment.
- With-Profits: You are eligible to receive a share of LIC's profits in the form of bonuses, which are added to your guaranteed maturity amount.
How Bonuses are Calculated in Jeevan Labh
The returns from Jeevan Labh largely depend on the bonuses declared by LIC. Our **LIC bonus calculator** for this plan considers two types of non-guaranteed bonuses:
1. Vested Simple Reversionary Bonus: This bonus is declared by LIC almost every year based on its performance. It is calculated per thousand of the Sum Assured and is added to your policy. The final accumulated bonus is paid out at maturity or on death.
2. Final Additional Bonus (FAB): This is a one-time bonus paid at the end of the policy term (at maturity or death) for policies that have been active for a long duration. The rate of FAB is not fixed and depends on the sum assured and the policy term.
**Disclaimer:** The bonus and FAB rates used in our **LIC returns calculator** are based on historical trends for illustrative purposes. Actual returns will depend on LIC's future profit-sharing experience.
Frequently Asked Questions (FAQ)
Q1: What is the premium paying term for Jeevan Labh?
The premium paying term is always less than the policy term: 10 years for a 16-year policy, 15 years for a 21-year policy, and 16 years for a 25-year policy.
Q2: Are the returns shown in the calculator guaranteed?
No. The Sum Assured is guaranteed, but the bonuses (Vested Bonus and FAB) are not. They are dependent on the future profits of LIC. The results shown in this **Jeevan Labh maturity calculator** are illustrative.
Q3: What are the tax benefits of LIC Jeevan Labh?
The premiums you pay are eligible for a tax deduction under Section 80C of the Income Tax Act. The maturity amount is also tax-free under Section 10(10D), subject to conditions.
Q4: What is the death benefit in this plan?
The death benefit is typically the Sum Assured on Death (higher of 7 times the annual premium or the Basic Sum Assured), plus any accumulated vested bonuses and FAB. Our calculator provides an estimate of this amount.