LIC Jeevan Labh Calculator (Plan 936)
Simulate exact maturity returns, Simple Reversionary Bonuses (SRB), Final Additional Bonus (FAB), premium with GST, and 100% tax-free maturity payouts under Section 10(10D) for policy terms 25/16, 21/15, and 16/10.
Policy & Premium Parameters
Customize your age, term combination, sum assured, and rider options.
Maturity & Premium Ledger
Plan 936LIC Jeevan Labh (Table 936) Official Policy Guide & Rules
LIC's Jeevan Labh is a limited-premium paying, non-linked, with-profits endowment life insurance plan. Because premium paying periods (10, 15, or 16 years) are substantially shorter than the policy maturity terms (16, 21, or 25 years), the accumulated compound reversionary bonuses generate exceptional risk-free returns.
Simple Reversionary Bonus (SRB)
SRB is declared annually by LIC based on valuation surpluses. For Plan 936, the 25-year term yields the highest bonus rate (~₹48 per ₹1,000 Sum Assured per year), creating a massive wealth corpus by maturity.
Final Additional Bonus (FAB)
FAB is a one-time loyalty bonus paid only at maturity for policies that run for a minimum duration. On the 25-year term, FAB surges to approx ₹450 per ₹1,000 SA, adding an extra ₹4.5 Lakhs on a ₹10 Lakh policy!
Loan & Surrender Facility
Policyholders can avail a loan against the policy after paying premiums for at least 2 full consecutive years. The policy also acquires a Guaranteed Surrender Value (GSV) after 2 years.
Frequently Asked Questions (FAQs)
What is the minimum and maximum sum assured in LIC Jeevan Labh?
The minimum Basic Sum Assured is ₹2,00,000 (in multiples of ₹10,000). There is no upper limit on the maximum Sum Assured, subject to financial underwriting.
Is maturity payout in LIC Jeevan Labh taxable?
Under Section 10(10D) of the Income Tax Act, 1961, the entire maturity proceeds (Sum Assured + SRB + FAB) are completely tax-free, provided the aggregate annual premium of traditional life insurance policies issued on or after April 1, 2023, does not exceed ₹5,00,000.
Which term option gives the highest return in Plan 936?
The 25-year policy term (with 16-year premium payment) delivers the highest returns because of compounding over 25 years and the highest Final Additional Bonus (approx ₹450 per ₹1,000 SA).
Questions & Discussion
Have a question or feedback? Ask below. Dedicated discussion thread for this page.
Loading live discussions...