- Instant Premium Quotes: Quickly determine the exact annual premium you need to pay based on your age, sum assured, and policy term, all without manual calculations.
- Visualize Long-Term Savings: Obtain a projected estimate of your maturity value, allowing you to see the potential corpus you can build for important goals, such as your child’s education or marriage.
- Easily Compare Policy Options: Effortlessly test different scenarios (e.g., comparing 16-year vs. 21-year premium payment terms) to observe how they affect your premium and final payout, helping you choose the best option.
- Promotes Informed Decision-Making: Gain clear, data-driven insights into the financial structure of the plan, enabling you to assess its value and commitment before making a purchase.
- Saves Time and Effort: Avoid the hassle of visiting a branch or waiting for an agent to provide initial figures. Instead, receive instant answers from the comfort of your home.
- Clarifies the Impact of Bonuses: The calculator’s projection illustrates how annual and final bonuses can significantly enhance your final maturity amount, showcasing the benefits of a “with-profit” plan.
LIC Jeevan Labh 936 Premium & Maturity Calculator 2025 – Smart Wealth Guide
Premium & Maturity Calculator
Policy Details
Calculation Results
Annual Premium:
₹ 0
Total Premium Paid:
₹ 0
Maturity Amount:
₹ 0
Bonus (Estimated):
₹ 0
Total Return:
₹ 0
Maturity Benefit
Sum Assured + Vested Bonuses + Final Additional Bonus
What is LIC Jeevan Labh 936?
LIC Jeevan Labh 936 is a limited premium paying, non-linked, with-profit endowment assurance plan. This is a traditional savings and protection plan from LIC. Here’s what that means in simple terms:
- Limited Premium Paying: You pay premiums for a limited period (such as 16, 21, or 25 years), while the policy offers life coverage for a longer duration (25 or 30 years).
- Non-Linked: It is not connected to the stock market. Your returns are more stable and predictable, based on LIC’s bonus declarations.
- With-Profit: You share in the profits of LIC, which are paid as Annual Bonuses that are added to your policy’s final payout.
- Endowment Plan: This product combines savings with life insurance. It guarantees that your family will receive a lump sum (the sum assured plus any bonuses) in the event of your untimely death. Alternatively, if you survive until the end of the policy term, you will receive a significant amount at that time.
It is a popular plan for achieving long-term financial goals, such as children’s education, marriage, or retirement, backed by a sovereign guarantee.
Key Features of Jeevan Labh 936
1. Policy Terms: You can choose from two term options:
Option 1: 25-year policy term with a 16-year premium payment term.
Option 2: 30-year policy term with a 21-year premium payment term.
2. Death Benefits: If the insured person dies during the policy term, the nominee will receive the Sum Assured on Death along with all accrued bonuses to that date.
Sum Assured on Death is defined as the highest of:
10 times the Annualized Premium.
105% of all premiums paid up to the date of death.
The Absolute Amount Assured to be paid on death (Basic Sum Assured).
3. Maturity Benefit: If the life insured survives the policy term, they will receive the Basic Sum Assured along with all Accrued Bonuses and a Final Additional Bonus (FAB), if it is declared.
How the lic Jeevan Labh 936 Premium & Maturity Calculator Works (With an Example)
Let’s take a practical example to understand both parts.
Assumptions for our example:
Plan: Jeevan Labh 936 (Policy Term 25 years, Premium Paying Term 16 years)
Life Insured: Male, 30 years old
Basic Sum Assured: ₹10 Lakhs (₹1,000,000)
1. Premium Calculation
This part is straightforward. The calculator determines your annual premium based on:
Your Age
Basic Sum Assured
Policy Term & Premium Paying Term
Smoking Status
Example Output:
For a 30-year-old male with a ₹10 Lakh Sum Assured:
Approximate Annual Premium: ₹66,000 (This may vary slightly)
Total Premiums Paid (over 16 years): ₹66,000 x 16 = ₹10,56,000
You can find your exact premium using the official LIC premium calculator on their website.
2. Maturity Value Calculation
This is the estimated final payout. It is a projection, not a guarantee, as it depends on future bonus rates declared by LIC.
The Maturity Amount is calculated as:
Maturity Value = Basic Sum Assured + Accrued Bonuses + Final Additional Bonus (if any)
Let’s project this for our example:
Basic Sum Assured: ₹10,00,000
Policy Term: 25 years
Step 1: Calculate Annual Bonus
Let’s assume LIC declares a bonus rate of ₹50 per ₹1,000 of Sum Assured.
Annual Bonus = (50 / 1000) * ₹10,00,000 = ₹50,000
Step 2: Calculate Total Accrued Bonuses
Bonuses are added each year and locked in.
Total Bonuses = Annual Bonus * Policy Term
Total Bonuses = ₹50,000 * 25 years = ₹12,50,000
Step 3: Add Final Additional Bonus (FAB)
LIC often pays a one-time extra bonus at maturity for long-term policies. Let’s assume FAB = ₹20 per ₹1,000 Sum Assured.
FAB = (20 / 1000) * ₹10,00,000 = ₹20,000
Step 4: Calculate Total Projected Maturity Value
Maturity = ₹10,00,000 (Basic S.A.) + ₹12,50,000 (Bonuses) + ₹20,000 (FAB)
Total Projected Maturity Value = ₹22,70,000
benefit of using lic Jeevan Labh 936 Premium & Maturity Calculator
factor affecting lic Jeevan Labh 936 Premium & Maturity
Factors Affecting the Premium (What You Pay)
These factors determine the policy’s cost and are fixed at the time of purchase.
- Age of the Life Insured
Impact: This is the most critical factor. The older the age at entry, the higher the premium. A younger person pays a lower premium for the same sum assured, as they are considered a lower mortality risk.
- Basic Sum Assured (Policy Amount)
Impact: Directly proportional. The higher the sum assured you choose, the higher your premium will be. This is the core amount on which bonuses are calculated.
- Policy and Premium Paying Term
Impact: of Premium Payment Terms: Choosing a shorter premium payment term, such as 16 years for a 25-year policy, will result in a higher annual premium compared to a longer payment term, like 21 years for a 30-year policy, for the same sum assured. This is because the total cost is spread over fewer years.
- Gender of the Life Insured:
Impact: Women typically pay slightly lower premiums than men of the same age. This difference arises from insurers using gender-based mortality tables, which generally indicate a longer life expectancy for women.
- Premium Payment Frequency:
Paying premiums annually is more economical overall than making half-yearly, quarterly, or monthly payments. Insurance companies often charge a small additional fee for the convenience of more frequent payment options.
- Smoking Status:
Smokers will pay significantly higher premiums than non-smokers of the same age and health profile due to the associated increased health risks.
Factors Affecting the Maturity Value (What You Get)
The maturity value is not guaranteed and is influenced by LIC’s future performance.
- Bonus Declaration Rates:
Impact: This is the most important factor influencing the maturity value. The final payout consists of the Basic Sum Assured plus Accrued Bonuses. Higher annual bonus rates declared by LIC lead to a significantly higher maturity value. These rates depend on LIC’s overall investment performance and profitability.
- Final Additional Bonus (FAB):
Impact: LIC may declare a one-time Final Additional Bonus at the end of the policy term. This bonus is granted to policies that complete the full term and can considerably enhance the final maturity amount.
- Policy Term Persistency:
Impact: To receive the full maturity benefit, it is essential to pay all premiums on time throughout the entire premium-paying term. Failure to do so, such as lapsing or surrendering the policy early, will drastically reduce the final payout and could even lead to a loss.
- Basic Sum Assured:
Impact: Since bonuses are calculated at a rate of “X Rupees per 1000 of Sum Assured,” a higher Basic Sum Assured results in greater bonus accruals, leading to a higher maturity value.
- Economic and Interest Rate Environment:
Impact: LIC invests a substantial portion of its funds in government bonds and other debt instruments. The overall interest rate environment and the economic health of the country influence LIC’s investment returns, which in turn affect its ability to declare high bonuses.
Advantages of using LIC Jeevan Saral Plan 165 Maturity calculator
Quick Financial Projection: Provides an instant estimate of your potential maturity value, helping you visualize your future corpus and plan your financial goals accordingly.
Scenario Planning: Allows you to see how changing the assumed Loyalty Addition (LA) rate affects the final payout, helping you create a range of outcomes from conservative to optimistic.
Clarity on Investment Return: Helps you understand the relationship between your total premiums paid and the projected maturity amount, giving a clearer picture of the policy’s potential returns beyond just the sum assured.
6 common mistakes regarding LIC Jeevan Saral Plan 165 Maturity
Assuming Guaranteed Returns: Treating the calculator’s estimate as a guaranteed amount, ignoring that the final Loyalty Addition is variable.
Overestimating LA Rate: Using an excessively high Loyalty Addition rate (e.g., ₹500+) leading to an inflated and unrealistic maturity value.
Ignoring Net Yield: Focusing only on the lump-sum maturity value without calculating the effective annual return (often 4-6%), which may be lower than other options.
Misunderstanding Death Benefit: Believing the maturity value is paid on death, when the death benefit is actually a much higher amount (250x monthly premium).
Confusing MSA with Payout: Thinking the “Maturity Sum Assured” is the final payout, when the actual maturity is Total Premiums + LA.
Ignoring Surrender Charges: Expecting full value back upon early surrender, not realizing that heavy deductions apply in the initial years.
lic Jeevan Labh 936 Premium & Maturity eligibilty criteria
LIC Jeevan Labh 936: Eligibility Criteria
1. Entry Age (Minimum & Maximum)
Minimum Age at Entry: 8 years (Completed)
Maximum Age at Entry: 59 years (Varies based on policy term)
2. Policy Term & Premium Paying Term Options
Option 1: 25-year policy term with a 16-year premium payment term.
Option 2: 30-year policy term with a 21-year premium payment term.
3. Maximum Maturity Age
The life insured should not exceed 70 years of age at the time of policy maturity.
4. Minimum Sum Assured
The minimum Basic Sum Assured is ₹1,00,000 (₹1 Lakh).
There is no upper limit.
5. Premium Payment Modes
Premiums can be paid Yearly, Half-Yearly, Quarterly, or Monthly (via NACH).