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LIC Jeevan Labh 836 Premium & Maturity Calculator 2025
Premium & Maturity Calculator
What is LIC Jeevan Labh Plan 836?
Overview of LIC Jeevan Labh 836
LIC Jeevan Labh (Plan No. 836) is a non-linked, limited premium paying investment assurance plan that combines protection and savings. This Jeevan plan combines assured maturity rewards with risk coverage, making it one of the most popular LIC policies for long-term financial planning. The New Jeevan Labh insurance offers LIC guarantees on the sum promised and loyalty additions at maturity.
Objectives of Jeevan Labh Plan
The key purposes include providing financial security to the family in the event of death during the policy term, building a fund for future financial goals through assured maturity benefits, and giving tax breaks. The calculator Jeevan Labh tool assists policyholders in making appropriate investment decisions.
Who Should Invest in LIC Jeevan Labh 836?
- Individuals seeking life insurance protection with guaranteed savings
- Parents planning for their children’s education or marriage
- Young professionals for long-term wealth creation with LIC Jeevan policies
- Risk-averse investors prefer guaranteed returns from LIC
- Those wanting tax benefits while building a financial corpus
LIC Jeevan Labh 836 Premium Calculation Explained
Factors Affecting Premium Amount
Age at Entry
Your age has a significant impact on the annual premium. Younger applicants pay lower premiums compared to older applicants for the same sum assured. Minimum entry age is 8 years; maximum is 59 years.
Policy Term
LIC Jeevan Labh offers policy terms of 16, 21, and 25 years. The T16 and T25 options are popular. Longer policy terms result in lower annual premiums but higher total premium amounts.
Sum Assured
The sum assured is the minimum guaranteed amount payable on maturity or death. Higher sum assured amounts result in proportionally higher premiums. Minimum sum assured is ₹200,000 with no maximum limit.
Premium Paying Term
Jeevan Labh offers limited premium payment options where premiums are paid only for 10, 15, or 16 years while coverage continues for the full policy term. The limited premium option results in higher annual premiums but reduces the premium payment period.
Sample Premium Calculation Examples
Approximate Annual Premium: ₹18,500
Total Premium Paid: ₹2,96,000
Estimated Maturity Amount: ₹6,50,000+
Approximate Annual Premium: ₹42,000
Total Premium Paid: ₹6,30,000
Estimated Maturity Amount: ₹13,00,000+
Single vs Limited Premium Payment Option
The LIC Jeevan Labh plan offers only limited premium payment options, not a single premium. Under the limited premium option, you pay premiums only for 10, 15, or 16 years while enjoying coverage for the complete policy duration. This allows you to complete premium payments during earning years while maintaining coverage until maturity.
LIC Jeevan Labh 836 Maturity Benefits
Guaranteed Sum Assured on Maturity
The maturity benefit includes the basic sum assured if you survive to the conclusion of your insurance term. This guaranteed amount is payable upon maturity, including with any vested simple reversionary bonuses and loyalty extras. The maturity calculator for LIC Jeevan Labh can provide you with the maturity value.
Loyalty Addition in LIC Jeevan Labh
LIC offers loyalty benefits to customers who continue their policies until maturity. LIC declares these loyalty increases regularly, computed as a percentage of the basic sum insured. The maturity benefit is the cash assured plus cumulative loyalty additions.
Total Maturity Value Calculation
The total maturity amount calculation includes:
- Basic Sum Assured (guaranteed by LIC)
- Vested Simple Reversionary Bonuses (if declared)
- Loyalty Additions (typically 25-40% of sum assured)
The maturity calculator helps estimate these maturity amounts accurately. Actual maturity benefit may vary based on LIC’s bonus declaration rates.
LIC Jeevan Labh 836 Death Benefits
Death Benefit During Policy Term
If death occurs during the policy term when premiums are being paid, the death benefit is equal to the sum assured plus vested bonuses and loyalty increases. The total promised at death is 125% of the base sum assured or 7 times the yearly premium, whichever is larger.
Death Benefit After Premium Payment Term
If death occurs after premium completion but before maturity, the death benefit remains the same as during the premium-paying period. The nominee receives the assured money upon death, along with any earned bonuses or loyalty increases.
Claim Settlement Process Explained
To claim death benefits, the nominee must submit the death claim form along with the original policy document, death certificate, claimant’s identity verification, and medical certifications (if applicable). LIC processes death claims quickly after document verification, usually within 15-30 days.
LIC Jeevan Labh 836 Policy Terms & Options
Available Policy Term Options
LIC Jeevan Labh Plan 836 offers three policy term options:
- 16 Years (T-836/T16) – Suitable for short to medium-term goals
- 21 Years – Ideal for children’s higher education planning
- 25 Years (T25) – Best for retirement or long-term wealth creation
Premium Payment Term Options
The premium paying term is less than the policy term, offering flexibility:
- For a 16-year policy: Premium payment for 10 years
- For 21-year policy: Premium payment for 15 years
- For a a 25-year policy: Premium payment for 16 years
Mode of Premium Payment
LIC Jeevan Labh allows flexible premium payment modes:
- Yearly (Annual Premium) – Offers maximum discount
- Half-Yearly – Premium paid twice yearly with slight loading
- Quarterly – Premium paid four times annually
- Monthly – Convenient EMI-style monthly premiums through ECS/NACH
LIC Jeevan Labh 836 Eligibility Criteria
Minimum & Maximum Entry Age
| Policy Term | Minimum Entry Age | Maximum Entry Age |
|---|---|---|
| 16 Years | 8 years | 59 years |
| 21 Years | 8 years | 54 years |
| 25 Years | 8 years | 50 years |
Minimum & Maximum Sum Assured
The minimum sum assured for LIC Jeevan Labh 836 is ₹200,000. There is no maximum limit on the sum assured, allowing you to choose coverage based on financial requirements. However, the sum assured must be appropriate to your income and financial profile per LIC’s underwriting guidelines.Policy Maturity Age
The maximum maturity age for all policy terms (16, 21, and 25 years) is 75 years. This ensures policies can be taken at various life stages while maintaining coverage through retirement years.LIC Jeevan Labh 836 Tax Benefits
Section 80C Tax Deduction
Premiums paid for LIC Jeevan Labh 836 are eligible for tax deduction under Section 80C of the Income Tax Act of 1961. Premium payments can be deducted up to ₹1.5 lakh every financial year. This lowers taxable income and helps you save money while creating a financial portfolio.
Section 10(10 D) Maturity Tax Exemption
The maturity amount paid from LIC Jeevan Labh 836 is exempt from income tax under Section 10(10D), assuming the annual premium does not exceed 10% of the sum insured for plans issued after April 1, 2012. Death benefits provided to nominees are totally tax-exempt, regardless of the premium amount.
Advantages of Using LIC Jeevan Labh 836 Calculator
Accurate Premium Estimation
The LIC Jeevan Labh premium calculator gives accurate predictions of annual premiums, total premium payments, and budget planning. By entering factors such as age, premium, and sum assured into the calculator, you receive immediate premium calculations without visiting a LIC branch.
Instant Maturity Value Calculation
The LIC Jeevan Labh maturity calculator lets you understand probable maturity amounts, such as the sum assured and expected loyalty increments. You can obtain maturity value forecasts instantaneously and compare various policy terms and premium payment choices.
Easy Financial Planning Tool
Using the Calculator Jeevan Labh streamlines financial planning by offering annual benefit breakdowns. The premium calculator allows you to compare scenarios and select the best combination of sum assured, policy term, and premium payment period for your LIC Jeevan insurance needs.
LIC Jeevan Labh 836 – Important Policy Features
Guaranteed returns.
One of the main benefits of LIC Jeevan Labh 836 is the guaranteed money payable at maturity. Unlike market-linked products, LIC guarantees the principal sum insured independent of market conditions. Furthermore, loyalty additions increase your maturity amounts, making it a dependable investment supported by LIC’s credibility.
Risk Coverage and Savings
Jeevan Labh 836 provides comprehensive life insurance with a savings component. In the event of death during the policy term, your family will receive a sizeable death benefit (125% of the sum insured or 7 times the annual premium, whichever is greater), providing financial security while building a maturity corpus.
Long-term Wealth Creation
LIC Jeevan Labh, featuring policy terms spanning 16 to 25 years and loyalty enhancements, provides a valuable avenue for long-term wealth accumulation. Disciplined premium payments over a restricted premium period, along with the assured maturity benefit, can help build a sizable corpus for retirement, children’s education, or other financial goals.
LIC Jeevan Labh 836 vs Other LIC Plans
Jeevan Labh vs Jeevan Anand
| Feature | Jeevan Labh 836 | Jeevan Anand |
|---|---|---|
| Plan Type | Limited Premium Endowment | Whole Life Plan |
| Premium Payment | Limited period (10-16 years) | Throughout or limited |
| Maturity Benefit | Fixed at term end (16-25 years) | At age 100 or death |
| Best For | Short to medium-term goals | Lifelong protection |
Jeevan Labh vs Jeevan Lakshya
While Jeevan Labh is an endowment plan with guaranteed maturity benefits, Jeevan Lakshya is a combination of endowment and term assurance. Jeevan Lakshya provides regular income to the family if the policyholder dies during policy term, whereas Jeevan Labh offers lump sum death benefit. Choose Jeevan Labh for guaranteed savings with protection, and Jeevan Lakshya for income protection.
Which LIC Plan is Better for You?
The choice depends on your financial goals:
- Choose Jeevan Labh 836 for guaranteed maturity benefits with limited premium payment and medium-term goals (16-25 years)
- Choose Jeevan Anand for lifelong protection with maturity benefits at age 100
- Choose Jeevan Lakshya to ensure regular income for your family in case of untimely death
Final Verdict – Should You Buy LIC Jeevan Labh 836?
Ideal Investors for Jeevan Labh 836
LIC Jeevan Labh 836 is particularly suitable for:
- Conservative investors seeking guaranteed returns with minimal risk
- Individuals wanting to complete premium payments during peak earning years
- Parents saving for their children’s future education or marriage expenses
- First-time insurance buyers looking for simple, reliable LIC policies
- Individuals seeking tax-efficient investment options under Section 80C
Long-Term Financial Planning Benefits
LIC Jeevan Labh 836 serves as an excellent instrument for long-term financial planning due to its combination of guaranteed returns, life insurance protection, and a disciplined savings approach. The limited premium payment feature ensures you don’t pay premiums throughout retirement, while loyalty additions boost your final maturity amount. With LIC’s strong track record and government backing, this Jeevan plan provides peace of mind for conservative investors. Use the calculator above to plan your investment and secure your family’s financial future with LIC Jeevan Labh 836.