The LIC Jeevan Labh Calculator helps estimate the premium, premium-paying term, total scheduled base premium, projected bonuses, maturity value and indicative death benefit under LIC Jeevan Labh. It provides calculations for the current Plan 736 and historical guidance for existing policies issued under Plans 936 and 836.

LIC Jeevan Labh is a participating, non-linked savings life insurance plan with a limited premium-payment period. Premiums are payable for fewer years than the total policy term, while the insurance cover continues for the full term, subject to the policy remaining in force.

Independent calculator notice: This LIC Jeevan Labh premium and maturity calculator is an educational tool. It is not affiliated with LIC and does not provide an official premium quotation, benefit illustration or claim decision. Actual values are governed by the UIN-specific policy document, issued policy schedule, applicable bonus declarations and LIC’s assessment.

What Is the LIC Jeevan Labh Calculator?

The Jeevan Labh Calculator brings the main policy calculations into one place. After selecting the relevant plan version and entering details such as age, Basic Sum Assured, policy term and premium mode, it can show an estimated premium and an illustration of the policy benefits.

The results display the linked premium-paying term, total scheduled base premium, maturity age, projected Simple Reversionary Bonus, assumed Final Additional Bonus and an indicative maturity amount. They also explain the death-benefit formula and provide general information about paid-up status, surrender value and policy loans.

Calculator results can differ from official values because the final premium may depend on age nearer birthday, underwriting, health, occupation, premium mode, riders, extra premiums and applicable taxes. Bonus projections are assumptions rather than guaranteed returns.

LIC Jeevan Labh Plans Supported by the Calculator

Three versions of Jeevan Labh are commonly searched online. Each version has a separate plan number and UIN.

Plan version	UIN	Status	Calculator purpose
LIC Jeevan Labh Plan 736	512N304V03	Current version	Current premium and benefit estimate
LIC Jeevan Labh Plan 936	512N304V02	Withdrawn on 1 October 2024	Historical, existing-policy guidance
LIC Jeevan Labh Plan 836	512N304V01	Withdrawn older version	Historical, existing-policy guidance

Plan 736 is LIC’s current Jeevan Labh version. Plan 936 was launched on 1 February 2020 and withdrawn on 1 October 2024. Plan 836 is an earlier discontinued version.

An old-policy calculation must follow the terms printed in the original policy bond. For that reason, the Jeevan Labh policy calculator keeps Plan 736 values separate from the historical guidance provided for Plans 936 and 836.

How to Use the Jeevan Labh Calculator

1. Select the plan: Choose Plan 836, 936 or 736. Match the UIN with the policy document.
2. Enter age: Provide the completed age at policy entry.
3. Choose policy term: Select 16, 21 or 25 years.
4. Enter Basic Sum Assured: Add the policy’s basic coverage amount.
5. Select payment mode: Choose yearly, half-yearly, quarterly or monthly.
6. Choose calculation year: Select the policy year for which benefits are required.
7. View results: Click Calculate. Click Reset to start again.

After selecting Calculate, review the premium estimate, premium-paying term, total scheduled premium, projected bonuses, maturity benefit and indicative death benefit. Existing policyholders should compare the result with the policy schedule and available LIC records.

The LIC Jeevan Labh premium and maturity calculator displays the Basic Sum Assured separately from projected bonuses. This distinction helps prevent an assumed future maturity value from appearing guaranteed.

What Is LIC Jeevan Labh?

LIC Jeevan Labh combines life insurance protection with long-term savings. It is a participating plan, so an eligible policy may receive bonuses declared by LIC. It is non-linked, meaning the policy value is not directly connected to stock-market or mutual-fund performance.

The plan uses a limited premium-payment structure. For example, under the 25-year option of Plan 736, premiums are scheduled for 16 years while the policy continues for 25 years. If the life assured survives until maturity and the policy conditions are satisfied, the maturity benefit becomes payable. If death occurs during the policy term, the applicable death benefit is payable according to the relevant policy version.

Participation in LIC’s surplus does not guarantee a particular future bonus rate. Once a Simple Reversionary Bonus is declared and vested under an eligible policy, it becomes attached to that policy according to its terms.

Key Features of LIC Jeevan Labh

LIC Jeevan Labh combines savings and life cover within a participating, non-linked policy. Its limited premium structure means premiums are payable for a shorter period than the full policy term. Depending on the applicable plan version and policy status, benefits can include a maturity amount, death cover, vested bonuses, surrender value and a policy-loan facility. Plan 736 also provides fixed term combinations and allows eligible maturity or death benefits to be settled in instalments.

LIC Jeevan Labh Plan 736 vs 936 vs 836 Comparison

Feature	Plan 736	Plan 936	Plan 836
UIN	512N304V03	512N304V02	512N304V01
Status	Current version	Withdrawn in 2024	Older withdrawn version
New purchase	Available	Not available	Not available
Death-cover multiplier	Higher of BSA or 7× annualised premium	Higher of BSA or 7× annualised premium	Higher of BSA or 10× annualised premium
Basic Sum Assured multiples	₹10,000 up to ₹4.5 lakh; ₹25,000 above it	₹10,000	₹10,000
Paid-up eligibility	After 1 full year’s premium	Generally after 2 full years’ premiums	After 3 full years’ premiums
Surrender eligibility	SSV after 1 year; GSV after 2 years	Generally after 2 full years’ premiums	After 3 full years’ premiums
Revival period	5 years	5 years	2 years
Calculator use	Current premium and benefit estimate	Existing-policy calculation	Existing-policy calculation

Features Common to All Three Plans

Plans 736, 936 and 836 are participating, non-linked, limited-premium savings plans. All three broadly provide:

• Policy/Premium terms of 16/10, 21/15 and 25/16 years
• Minimum entry age of 8 completed years
• Term-based maximum entry ages of 59, 54 and 50 years
• Maximum maturity age of 75 years
• Minimum Basic Sum Assured of ₹2,00,000
• Maturity benefit comprising Basic Sum Assured plus vested bonuses and Final Additional Bonus, if applicable
• A minimum death-benefit safeguard linked to 105% of premiums paid
• Yearly, half-yearly, quarterly and monthly premium modes
• A policy-loan facility after acquisition of surrender value

Policy Term and Premium-Paying Term

Plan 736 offers three fixed term combinations:

Policy term	Premium-paying term	Maximum entry age
16 years	10 years	59 years
21 years	15 years	54 years
25 years	16 years	50 years

The premium-paying term is linked to the selected policy term and cannot be chosen independently. An older Plan 936 or Plan 836 policy remains governed by the term combination recorded in its original policy schedule.

LIC Jeevan Labh Premium Calculation

The estimated premium depends mainly on the plan version, entry age, Basic Sum Assured, policy term and payment mode. Rider selection, underwriting decisions, extra premiums and applicable taxes can change the final amount.

For Plan 736, the calculator uses the premium data available for the selected age, term and Basic Sum Assured. Where only a published sample premium is available, the result is identified as an illustration rather than an exact quotation. Historical calculations for Plans 936 and 836 require the rate data applicable to their respective UINs.

The total scheduled base premium is estimated by multiplying the selected modal premium by the number of instalments due during the premium-paying term. It is not the same as the maturity value and normally excludes taxes, rider premiums and underwriting extras unless they are shown separately.

Premium modes may include yearly, half-yearly, quarterly and monthly payments, subject to the applicable product terms. Modal rebates or loadings must be based on the selected plan version rather than assumed from another Jeevan Labh version.

LIC Jeevan Labh Maturity Calculation

For an in-force participating policy, the maturity benefit generally consists of:

Basic Sum Assured + vested Simple Reversionary Bonuses + Final Additional Bonus, if declared and applicable

The Basic Sum Assured is the core maturity component under the applicable conditions. Future Simple Reversionary Bonuses and Final Additional Bonus are not known in advance. A projected maturity amount is therefore an illustration, not a guaranteed return.

The Jeevan Labh Calculator presents the Basic Sum Assured, projected Simple Reversionary Bonus and assumed Final Additional Bonus separately. This makes the contractual maturity component easier to distinguish from amounts that depend on future declarations.

Simple Reversionary Bonus

A Simple Reversionary Bonus may be declared for an eligible participating policy. It is commonly expressed as an amount per ₹1,000 of Basic Sum Assured. When a calculator uses an assumed annual rate, the illustrative formula is:

Projected bonus = Basic Sum Assured ÷ 1,000 × assumed annual bonus rate × applicable years

Using the same assumed rate for the entire term is only a projection. LIC may declare different rates in different years, so no future bonus rate is confirmed in advance.

Final Additional Bonus

Final Additional Bonus, sometimes described as a terminal bonus, may be payable when an eligible policy results in a maturity or death claim. It is not an annual bonus and should not be multiplied by every policy year.

Its availability and rate can depend on LIC’s declaration, policy term, Basic Sum Assured, claim type and other eligibility conditions. It is therefore shown as a separate assumption and can remain zero when no assumption is required.

LIC Jeevan Labh Death Benefit

For Plan 736, the Sum Assured on Death is the higher of the Basic Sum Assured or seven times the annualised premium. The death benefit may also include vested Simple Reversionary Bonuses and Final Additional Bonus when declared and applicable.

The payable death benefit is subject to the minimum protection condition of 105% of total premiums paid up to the date of death. “Annualised premium” and “total premiums paid” must be interpreted according to the policy document. Applicable taxes, rider premiums, underwriting extra premiums and modal loading are not automatically included in these measures.

Plans 936 and 836 are assessed using their respective policy documents. Even where the main formula appears similar, definitions, conditions and ancillary provisions may differ.

LIC Jeevan Labh Calculator Example

Consider an educational Plan 736 illustration using a premium combination published in LIC’s sales brochure:

Example input	Selected value
Entry age	30 years
Basic Sum Assured	₹2,00,000
Policy term	25 years
Premium-paying term	16 years
Premium mode	Yearly
Sample annual base premium	₹10,025

The sample annual premium excludes applicable taxes. Based on this published combination, the scheduled base premium over the 16-year premium-paying term is:

₹10,025 × 16 = ₹1,60,400

Now assume a Simple Reversionary Bonus rate of ₹45 per ₹1,000 of Basic Sum Assured for illustration:

Annual projected bonus = ₹2,00,000 ÷ 1,000 × ₹45 = ₹9,000

If the same assumed rate is applied for all 25 policy years:

Projected Simple Reversionary Bonus = ₹9,000 × 25 = ₹2,25,000

If a one-time Final Additional Bonus of ₹25 per ₹1,000 is also assumed:

Assumed Final Additional Bonus = ₹2,00,000 ÷ 1,000 × ₹25 = ₹5,000

The illustrative maturity value becomes:

₹2,00,000 + ₹2,25,000 + ₹5,000 = ₹4,30,000

For an in-force policy, seven times the annualised premium in this example is ₹70,175. The indicative Sum Assured on Death would therefore be the higher of ₹2,00,000 and ₹70,175, which is ₹2,00,000, before adding eligible vested bonuses and applying the contractual minimum based on 105% of total premiums paid.

The ₹4,30,000 maturity figure is not guaranteed because both bonus rates are assumptions. The premium is a brochure sample for the stated combination and is not an individual quotation. Taxes, riders and underwriting extras are excluded.

Paid-Up Policy

Under Plan 736, a policy may continue with reduced paid-up benefits when at least one full year’s premium has been paid and later premiums are not paid, subject to the policy conditions.

A paid-up policy generally provides reduced death and maturity benefits. It may stop participating in future profits, while bonuses already vested remain attached as provided in the policy document. The exact reduced benefit depends on the number of premiums paid compared with the total premiums originally payable.

For Plans 936 and 836, the qualifying period and paid-up formula come from the original policy bond. Without the correct version-specific formula and payment history, any online paid-up value remains only a general estimate.

Surrender Value and Policy Loan

Plan 736 may be surrendered after completion of the first policy year when one full year’s premium has been paid, subject to its terms. Guaranteed Surrender Value generally becomes available after at least two full years’ premiums have been paid, while Special Surrender Value may apply under the relevant conditions. LIC pays the applicable value determined under the policy rules.

An exact surrender value cannot be calculated from the Basic Sum Assured alone. It can depend on premiums paid, policy duration, vested bonuses, surrender factors, policy status and the applicable version.

A policy loan may become available after the policy acquires the required surrender value. The loan amount is restricted to a percentage of that value, and interest is charged. An existing policy loan and unpaid interest can reduce the amount payable under the policy.

Surrender and loan figures displayed by the Jeevan Labh policy calculator are estimates unless they use the policy-specific data supplied by LIC.

Grace Period, Lapse and Revival

Plan 736 provides a grace period of 30 days for yearly, half-yearly and quarterly premiums and 15 days for monthly premiums. The policy remains in force during the applicable grace period.

If the premium remains unpaid, the policy may lapse or continue with paid-up benefits depending on the number of premiums already paid. A lapsed policy may generally be revived within five consecutive complete years from the date of the first unpaid premium, subject to LIC’s conditions.

Revival can require overdue premiums with interest, a health declaration, medical evidence and LIC approval. Revival rules for old Plans 936 and 836 should be verified from the relevant policy documents.

Optional Riders

Eligible riders may provide additional accidental, disability, term-assurance or premium-waiver protection for an extra premium. Rider availability depends on the plan version, entry age, policy term, base-policy conditions and LIC’s rules at the time of issuance.

Rider estimates are available only when the applicable rider and rate data are supported. Rider availability under one Jeevan Labh version does not confirm its availability under another version or sales period.

Settlement of Benefits in Instalments

Subject to the applicable terms, eligible death or maturity benefits may be taken in instalments over 5, 10 or 15 years instead of entirely as a lump sum. The chosen frequency and benefit amount must satisfy the prescribed minimum instalment requirements.

This option changes the payment pattern, not the underlying nature of the benefit. The applicable instalment value should come from LIC’s calculation rather than a simple division of the lump-sum amount.

Calculator Limitations

The calculator provides an educational illustration and cannot account for every policy-specific factor. Its output may exclude medical or occupational loading, rider premiums, applicable taxes, altered policy terms, policy endorsements, lapse history, revival charges, outstanding loans and interest.

Bonus projections are particularly uncertain because future Simple Reversionary Bonus and Final Additional Bonus rates are not guaranteed. Claim eligibility, surrender value, paid-up benefits and loan availability require assessment under the applicable policy and LIC records.

Frequently Asked Questions

What does the LIC Jeevan Labh Calculator calculate?

It estimates the premium, premium-paying term, total scheduled premium, projected bonuses, maturity value and indicative death benefit using the selected plan version and inputs.

Which Jeevan Labh plan is current?

LIC Jeevan Labh Plan 736, UIN 512N304V03, is the current version. Plan 936, UIN 512N304V02, and Plan 836, UIN 512N304V01, are discontinued versions for existing-policy reference.

Is the Jeevan Labh Calculator accurate for all three plans?

Accuracy depends on the availability of complete, version-specific rates and rules. Plan 736 values are not reused automatically for Plans 936 and 836.

Is the maturity amount guaranteed?

The projected total is not fully guaranteed because it can include assumed future bonuses. The results identify the Basic Sum Assured and non-guaranteed bonus projections separately.

Is the LIC Jeevan Labh bonus guaranteed?

No future bonus rate is guaranteed. A Simple Reversionary Bonus becomes attached only after LIC declares it for an eligible participating policy.

Can an old Plan 936 or Plan 836 policy still continue?

A discontinued plan cannot be purchased again, but an existing policy can continue according to its original policy terms, subject to premium payment and policy status.

Can the calculator show an exact surrender value?

An exact surrender value usually requires policy-specific information and applicable LIC factors. A general online estimate should not be treated as the amount LIC will pay.

Is a policy loan available?

A loan may be available after the policy acquires the required surrender value, subject to the applicable version, policy status, loan limits and interest.

Related LIC Plan Calculators

Other LIC calculators covering broadly related endowment, savings or limited-premium plans include

• LIC New Endowment Plan Calculator
• LIC Jeevan Anand Calculator
• LIC Jeevan Lakshya Plan 733 Calculator
• LIC Single Premium Endowment Plan Calculator

Disclaimer

This page is an independent informational guide and calculator illustration. It is not operated by, affiliated with or endorsed by the Life Insurance Corporation of India. It does not sell insurance, accept proposals, issue quotations, guarantee bonuses or provide personalised financial advice. Actual premiums, benefits, surrender values, loan eligibility and claims are governed by the applicable policy document, policy schedule, endorsements, LIC declarations and LIC’s assessment.