LIC Jeevan Labh Calculator: Plans 736, 836, 936

LIC Jeevan Labh Calculator: Plans 736, 836, 936 Guide

 

Want to plan smarter with LIC’s endowment plans? The LIC Jeevan Labh Calculator helps you estimate premiums, maturity benefits, and LIC policy surrender value   for Jeevan Labh Plans 736, 836, and 936. These non-linked, with-profits plans combine life insurance and savings, perfect for goals like child education or retirement. This guide details each plan’s features, using the life insurance maturity calculator to simplify your choice. Explore the best LIC savings plans now!

LIC Jeevan Labh has evolved: Plan 836 (pre-2020) was the original, Plan 936 (2020-2024) added flexibility, and Plan 736 (launched October 2024) offers modern perks like early loans. All provide endowment plan benefits, bonuses, and tax benefits on LIC policies under Sections 80C and 10(10D). Use the LIC premium calculator for projections—assume 5-6% bonus rates.

 

Eligibility for All Jeevan Labh Plans

 

• Entry Age: 8 to 59 years (16-year term), 54 (21-year), 50 (25-year).
• Maturity Age: Up to 75 years.
• Sum Assured: Minimum ₹2 lakh, no upper limit.
• Policy Terms: 16, 21, or 25 years.
• Premium Paying Term: 10, 15, or 16 years.
• Premium Modes: Annual (2% rebate), half-yearly (1%), quarterly, monthly.

 

Plan 736: Flexible and Modern

 

Plan 736 (UIN: 512N304V03), launched October 2024, emphasizes liquidity and is among the best LIC savings plans.

• Death Benefit: Higher of Basic Sum Assured (BSA) or 7x Annualized Premium (AP) + bonuses. Lump sum or installments (5/10/15 years).
• Maturity Benefit: BSA + bonuses. Example: ₹5 lakh SA (21-year term) yields ~₹9.5 lakh via LIC Jeevan Labh Calculator.
• Surrender Value: After 2 years (GSV: 30% in year 2, up to 90% later).
• Loan: 80% of surrender value after 2 years (50% after 1 year).
• Riders: Accidental Death & Disability Benefit, Term Assurance.
• Revival: Within 5 years.
• Paid-Up: After 2 years’ premiums.
 

 

Calculator Tip: For a 30-year-old with ₹5 lakh SA, expect ~₹23,500/year premium.

 

Plan 936: Robust Coverage

Plan 936 (UIN: 512N304V02), active 2020-2024, offers extensive rider options.

 

• Death Benefit: BSA or 10x AP + bonuses, lump sum or installments.
• Maturity Benefit: BSA + bonuses.
• Surrender Value: Post-2 years, GSV similar to 736.
• Loan: 90% of surrender value after 2 years.
• Riders: AD&DB, Term Assurance, Critical Illness, Premium Waiver Benefit.
• Revival: 5 years.
• Paid-Up: After 2 years.
 

Calculator Insight: Premiums ~₹22,000/year for same profile, ideal for LIC accidental death rider.

 

Plan 836: Classic Lump-Sum Plan

 

Plan 836 (UIN: 512N304V01), withdrawn pre-2020, suits legacy holders seeking simplicity.

• Death Benefit: BSA or 10x AP + bonuses (lump sum only).
• Maturity Benefit: BSA + bonuses.
• Surrender Value: After 3 years (GSV: 30% onward).
• Loan: 90% after 3 years.
• Riders: AD&DB, Term Assurance.
• Revival: 2 years.
• Paid-Up: After 3 years.

Calculator Note: Premiums ~₹21,500/year for ₹5 lakh SA (21 years).

 

Comparison: Plans 736, 936, 836

 

Feature	Plan 736	Plan 936	Plan 836
Status	Active (Oct 2024)	Withdrawn (2020-2024)	Withdrawn (Pre-2020)
Death Benefit	7x AP, installments	10x AP, installments	10x AP, lump sum
Loan After	1-2 years	2 years	3 years
Riders	AD&DB, Term	AD&DB, Term, Critical, PWB	AD&DB, Term
Revival	5 years	5 years	2 years
Premium (₹5L SA)	~₹23,500/year	~₹22,000/year	~₹21,500/year

 

Why Use the LIC Jeevan Labh Calculator?

• Estimate premiums with rebates.
• Project maturity with bonuses.
• Calculate LIC policy surrender value and loans.
• Assess tax benefits on LIC policies with riders.

Access it on LIC’s website or apps for tailored results.

 

Conclusion

 

Plan 736 offers flexibility, 936 excels in riders, and 836 suits simplicity. Use the LIC Jeevan Labh Calculator to compare the best LIC savings plans. For new policies, choose 736 and consult an LIC advisor to secure your future!