Looking for a reliable insurance plan that offers savings and security? The LIC Jeevan Labh 836 is a top choice for many. This endowment policy blends life cover, bonuses, and a lump-sum payout at maturity. Plus, our Premium & Maturity Calculator simplifies planning by showing you premiums, benefits, and more in real-time.
This guide explains everything about LIC Jeevan Labh 836 Calculator: Ultimate Guide calculator, how to use the calculator, and answers your burning questions—all optimized for clarity!
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What is LIC Jeevan Labh 836?
LIC Jeevan Labh 836 is a non-linked, limited-premium endowment plan designed for savings and protection. Pay premiums for a shorter period, enjoy life cover throughout the term, and get a hefty payout at the end.
Key Features
- Policy Terms: Choose 16, 21, or 25 years.
- Premium Paying Terms (PPT): 10, 15, or 16 years (≤ policy term).
- Entry Age:
- 8–59 years (16-year term).
- 8–54 years (21-year term).
- 8–50 years (25-year term).
- Sum Assured: Starts at ₹2,00,000, no upper limit (multiples of ₹10,000).
- Payment Modes: Yearly, Half-Yearly, Quarterly, or Monthly.
- Bonuses:
- Simple Reversionary Bonus (SRB): Added yearly.
- Final Additional Bonus (FAB): Paid at maturity for longer terms.
- Optional Riders:
- Accidental Death & Disability (2% of Sum Assured).
- Term Rider (1.5% of Sum Assured).
- Critical Illness Rider (2.5% of Sum Assured).
- Tax Benefits: Premiums deductible under Section 80C; maturity/death benefits tax-free under Section 10(10D) (conditions apply).
Benefits
- Maturity Benefit: Sum Assured + SRB + FAB.
- Death Benefit: Higher of:
- 7 × annual premium, or
- Sum Assured + SRB + FAB.
- Guaranteed Surrender Value (GSV): After 3 years: 30% × Total Premiums Paid + (SRB × PPT / Term).
- Special Surrender Value (SSV): Based on LIC’s valuation.
- Rebates:
- 2% off for Sum Assured ≥ ₹5,00,000.
- 5% off for Sum Assured ≥ ₹10,00,000.
- Loan Facility: Available after 3 years of premiums.
How to Use the Premium & Maturity Calculator?
Pro Tip: Visit licindia.in for exact bonus rates and terms!
LIC Jeevan Labh 836 Calculator
Our LIC Jeevan Labh 836 Calculator is user-friendly and packed with features. Here’s the step-by-step:
- Input Details:
- Sum Assured (e.g., ₹5,00,000).
- Policy Term (16, 21, or 25 years).
- Premium Term (10, 15, or 16 years).
- Age (8–59, term-dependent).
- Payment Mode (Yearly, Monthly, etc.).
- Add Riders: Select optional covers; see costs instantly.
- Validate: Errors? The tool guides you to fix them.
- Calculate: Get premiums, maturity, bonuses, and more.
- Analyze: View tables, charts, and download a PDF.
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Extra Info on Jeevan Labh 836
Here’s what boosts its appeal (and Google ranking):
- Ideal For: Education funding, retirement, or wealth growth.
- Bonus Rates: Historically ₹40–₹50 per ₹1,000 Sum Assured/year (indicative).
- Vs. Other Plans:
- Beats term plans with savings benefits.
- Safer than ULIPs with guaranteed returns.
- Tax Perks: Up to ₹1,50,000 deduction (80C); tax-free maturity (10(10D)).
- Revival: Lapsed policies can be revived within 5 years.
- Maturity Example: ₹10 lakh Sum Assured over 25 years could yield ₹22 lakh (indicative).
Boost Your Plan with the Calculator
Ready to explore LIC Jeevan Labh 836? Use our Premium & Maturity Calculator now to plan smarter. Get instant estimates and secure your future today!
Disclaimer: Figures are indicative. Contact LIC or visit licindia.in for precise details.
FAQ’s :
Can I add riders to LIC Jeevan Labh 836?
Yes, optional riders include:
Accidental Death & Disability Benefit
Term Rider
Critical Illness Rider
These slightly increase the premium.
Is the calculator’s estimate 100% accurate?
No. It is indicative based on assumed LIC bonus rates (e.g., 4%–8%). Final values depend on LIC’s annual declarations. Always confirm with an LIC agent or branch.
How does the LIC Jeevan Labh Calculator work?
The calculator takes your input (age, sum assured, term, etc.) and estimates premiums, maturity benefits, bonus accumulation, rebates, surrender value, and death benefit—instantly and visually.
What is LIC Jeevan Labh 836?
LIC Jeevan Labh (Plan 836) is a limited premium endowment policy offering life insurance cover, guaranteed returns, and bonuses. You pay premiums for a fixed period, and receive a lump sum at maturity along with bonuses.
How is the premium calculated in LIC Jeevan Labh?
Premium is calculated based on age, sum assured, term, premium paying term (PPT), bonus rate, and applicable rebates. The calculator shows yearly premium with GST, rider charges, and applicable rebates.
What is the maturity benefit in Jeevan Labh 836?
Maturity benefit = Basic Sum Assured + Simple Reversionary Bonus (SRB) + Final Additional Bonus (FAB). For longer terms and high sum assured, maturity can be nearly double your investment.
What are the available policy terms in Jeevan Labh 836?
The available policy terms are 16, 21, and 25 years. The premium paying term is always shorter (10, 15, or 16 years), depending on the chosen policy term.
What is the minimum and maximum entry age for Jeevan Labh 836?
For 16-year term: 8 to 59 years
For 21-year term: 8 to 54 years
For 25-year term: 8 to 50 years
What is the minimum sum assured in LIC Jeevan Labh?
The minimum sum assured is ₹2,00,000. There is no upper limit, but it must be in multiples of ₹10,000.
What is the Final Additional Bonus (FAB) in LIC Jeevan Labh?
FAB is a one-time bonus paid at maturity (usually for terms ≥15 years and SA ≥ ₹1 lakh). It significantly increases maturity value and is declared by LIC based on policy performance.
Does LIC Jeevan Labh offer tax benefits?
Yes. Premiums paid qualify for deduction under Section 80C, and maturity proceeds are tax-free under Section 10(10D) (subject to conditions).
When can I surrender my Jeevan Labh policy?
You can surrender the policy after paying premiums for at least 3 years. The Guaranteed Surrender Value (GSV) is 30% of total premiums + pro-rated bonus. Special Surrender Value (SSV) may be higher depending on LIC’s discretion.
