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LIC Jeevan Labh Maturity Calculator

LIC Jeevan Labh Plan (Table: 936) helps to learn about about this plan by calculating Premium, Approx. maturity and year-wise life covers as per your Age, Term and Sum Assured.

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Related Article: How to plan retirement with LIC plans?

About Jeevan Labh Plan (936) Maturity Calculator

Maturity: Maturity of Jeevan Labh is available after completion of Policy Term and maturity will be equal to Basic Sum Assured + Accumulated Simple Reversionary Bonus (Bonus) during policy term + Final Additional Bonus (if any) (FAB). Simple Reversionary Bonus is declared for each financial year during policy term and keeps adding the policy. FAB is onetime bonus declared for the year in which policy is getting matured.

Death Benefit (Life Cover): ): In case of death during policy term, death claim is paid to nominee which is equal to Death Sum Assured + Accumulated Simple Reversionary Bonus (Bonus) till the time of death + Final Additional Bonus (if any) (FAB), provided all due premiums are paid. Death Sum Assured is higher of Basic Sum Assured or 7 times of annualized premium.

Accidental Death & Disability Benefit (AD & DB) Rider: On payment of additional premium, AD & DB rider can be opted if policy holder's age 18 years or above. It provides additional death claim amount in case of accidental death. In case of permanent disability due to accident, all further premiums of this rider and base plan are waived off and sum assured amount is paid in monthly installments spread over next 10 years.

Term Rider: On payment of additional premium, Term Assurance rider can be opted if policy holder's age 18 years or above. It provides additional death claim amount equal Term Rider Sum Assured to Nominee in of case Death of Policyholder. There will not be any maturity value if policyholder survives policy term.

Comments & Reviews (28)

Wrote :

16-11-2022 16:54:39

If I surrender my policy in 3 years, will I get a full refund of the amount I have paid?

Wrote :

30-11-2022 15:42:36

No, it will be part of it, please read and use above calculator to learn more about surrender value calculation of Jeevan umang.

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Wrote :

08-09-2022 23:31:04

Why agent are not intrested in policy with term rider.

Wrote :

10-09-2022 20:54:33

Because it mandatorily requires medical examination.

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Wrote :

29-06-2022 12:38:12

The bonus calculated each year and is added to the policy (936)- you mentioned above. Is it possible to check online, how much bonus is added or how much is the aggregate amount as on date.

Wrote :

06-07-2022 16:11:51

Yes, a policyholder needs to create account on official LIC website, after login, one can see various details like accumulated bonus, premium payment receipts links etc.

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Wrote :

03-06-2022 14:42:05

Yearly bonus declared by the company is added to the policy. After that addition, is it becomes guaranteed along with basic sum assured?

Wrote :

10-06-2022 17:06:50

Yes, it is added to the policyholder's account.

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Wrote :

19-01-2022 16:36:59

Hi, In one of my Jeevan Labh policy, it is mentioned that "No maturity benefit shall be applicable for this rider" What shall be the benefit we are getting after maturity in such policies ?

Wrote :

20-01-2022 11:29:35

Optional riders provides additional benefits during policy term, for example, term rider provides additional amount equals to rider's sum assured apart from death claim amount of base plan in case of unfortunate death of the policyholder during policy term and if policyholder survives the policy term, no benefit is paid against this rider.

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Wrote :

21-09-2021 21:16:41

Hello, For Jeevan labh policy no. 936, is the maturity amount assured or it may vary? Also, is there any minimum amount assured which I get after maturity?

Wrote :

21-09-2021 23:20:56

Yes, maturity may vary. Maturity amount in Jeevan labh is basic sum assured + Simple Revisionary Bonus + Final Addition bonus, in which Basic Sum Assured is guaranteed. Simple revisionay bonus is declared for each policy year during policy term and keep adding to the policy and become guaranteed to be paid at the time of maturity of death claim.

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Wrote :

14-09-2021 05:31:45

Is the Jeevan labh maturity amount is taxable?

Wrote :

21-09-2021 23:14:53

No, it is tax free, please ensure your your yearly (or annualized premium is not more than 1/10 of the basic sum assured.

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Wrote :

25-08-2021 21:17:46

Jeevan labh me kya me 3 year ka payment ek sath kr sakte hu ya nhi??

Wrote :

03-09-2021 05:19:22

No, ek saal se jyada ka premium nhi pay kar sakte.

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Wrote :

02-07-2021 11:14:17

Bonus is calculated and added every year or once.

Wrote :

04-07-2021 21:33:24

Bonus is declared for each policy year during the policy term and added to the policy, but paid at the time of maturity or death claim (part of bonus in case of death claim).

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Wrote :

26-05-2021 13:36:19

Hello Sir, Nominee name can change after 5 Years of buying policy date.

Wrote :

26-05-2021 16:13:15

Yes, it can be changed.

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Wrote :

18-03-2021 14:25:37

Dear sir, I am having two lic policy, if I buy a third one (Jeevan Labh 936). Will my family get the benefit of all three policies separately or not? Kindly clear my doubt.

Wrote :

21-03-2021 23:39:54

Yes, the benefit of all three policies will be available, please indicate already purchased policies in the proposal document at the time of buying a fresh one.

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Wrote :

31-12-2020 14:05:40

Kindly explain what is term rider in jeevan labh policy.

Wrote :

03-01-2021 11:32:30

Term rider is an optional benefit which can be availed on the payment of additional benefits. Term rider provides additional term rider sum assured amount in case of death of the policyholder during policy term. If policyholder survives policy term, then is doesn?t provide any maturity benefit.

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Wrote :

20-09-2020 11:15:46

Tech term plan 25,00,000 Available?

Wrote :

20-09-2020 20:38:37

Minimum sum assured is 50 Lakh.

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Wrote :

07-09-2020 18:45:19

I want surrender my policy, Tell me process? Table number 814.

Wrote :

07-09-2020 20:07:16

Please visit your branch with policy document, bank details, ID proof and request for surrender.

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Wrote :

06-09-2020 13:21:23

jeevan labh ka maturity ek bar me milega ya har sal me milega?

Wrote :

06-09-2020 22:35:45

maturity kewal ek baar milega.

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Wrote :

31-08-2020 12:43:07

1) I want to take Jeevan Labh online. If I take it online will the premium be lower against taking policy with from agent?
2) Also on https://onlinesales.licindia.in/eSales/liconline I dont see Jeevan Labh policy option.

Wrote :

01-09-2020 12:21:53

Jeevan Labh is not available online.

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Wrote :

30-06-2020 13:36:30

What is current bonus rate of Jeevan labh policy and how much it can create difference if I opt it for 21 years?

Wrote :

01-07-2020 18:45:19

Please visit following link to know Bonus rates up to 2018-19.
https://www.insurance21.in/lic-jeevan-labh-plan-836.php#Jeevan-Labh-Bonus

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Wrote :

26-06-2020 13:34:17

Sir...namaskar.....sir 2019 jeevan labh policy lene ka time.term rider/accidental disability rider nahin liya tha..sir main abhi le paunga kyaa..sir please bataiye.....

Wrote :

28-06-2020 14:38:25

Haan, aap abhi bhi le sakte hain.

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Wrote :

24-06-2020 22:57:48

Can we add term rider benefit after wards in Jeevan Labh policy, if it was not opted first ??

Wrote :

25-06-2020 01:47:22

Yes, it can be opted for any time during premium paying term, if outstanding premium paying term is at least 5 years.

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Wrote :

22-06-2020 12:03:55

Sir, The policy of LIC Jeevan Labh whose sum assured Rs. 2,00,000/- was purchased in 2017 in favour of my family. But the policyholder died after paying a one yearly premium in the same year i. E. 2017. Age of entry 24 years. Policy plan 25 years. Yearly installment Rs. 9,296/- . Will this policy now be claimed? And how much amount will be the claim of this policy. Please suggest me.

Wrote :

23-06-2020 17:32:07

The policy is claimable, but it is early death claim (within 3 years from commencement of the risk) and almost 3 years have been elapsed from death. Please visit policy issuing branch. Death claim amount should be equal to 2,00,000.

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Wrote :

20-06-2020 12:20:09

How can I purchase this policy online or without intervention of any Lic Agent ?

Wrote :

23-06-2020 17:15:48

Please visit official LIC Website to know about plans which are available for online purchase.
https://onlinesales.licindia.in/eSales/liconline

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Wrote :

13-06-2020 21:18:26

Hello Sir, Greetings!
I am new here first of all Hats off to you very well explained.
tell me one thing "suppose death happens in year 2032, by that policy year, total paid premium will be 650325 and Normal Life Cover and Accidental Life Cover will be 2600000 and 3600000 respectively" its means total Nominee will get 66lakh or else.
plz tell me.

Wrote :

14-06-2020 09:33:08

Both events are exclusive to each other. It will be either normal death or accidental death. So, only one Life cover will be applicable.

Wrote :

14-06-2020 16:58:10

I didn't get this technical sentence .
Kindly tell me in this case how much nominee get.

Wrote :

14-06-2020 18:14:36

It means, if normal death (like death due to illness) happens, then nominee get 2600000 (approx) as death claim or if accidental death (like death death due to road accident) happens, then nominee gets accidental death claim (2600000+1000000=3600000). Please understand the base policy provides death claim (normal life cover) as Sum Assured + Bonus + FAB (2600000 approx. in this case). If accidental rider is opted for, then it will also provide additional Basic Sum Assured in case of accidental death, so that is how it is 3600000 Approx.

Wrote :

14-06-2020 22:52:20

Ok got it. Thank you....

Wrote :

15-06-2020 10:41:19

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Wrote :

09-06-2020 23:14:32

Sir, 2019 our 2020 Jeevan Labh policy main difference kya hai ? sir kya 2019 wala policy 2020 policy rnKa sath add ho sakta hai....

Wrote :

10-06-2020 12:08:13

2020 wale plan me surrender aur loan 2 saal pura hone me le sakte hain. Premium aur maturity me difference nahi hoga. App naya Plan le sakte.

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Wrote :

05-06-2020 13:07:48

Maturity showing in this calculator is Gaurantted or it can be less than that.

Wrote :

06-06-2020 19:39:21

No, it is not guaranteed, it is based on past data.

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Wrote :

29-05-2020 13:10:34

Can i get my deposited amount of Jeevan Mitra LIC policy, which is now discontinued. I purchased this in 2012, and deposited 4 installment. Plz suggest me?

Wrote :

29-05-2020 21:10:55

If 4 yearly premiums are paid, then your policy would have become paid-up policy automatically and there will be surrender value of it. please visit your branch in case you want to surrender.

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Wrote :

16-04-2020 12:59:54

Mera Ek lic ka online premium 15 April tak last date tha jo Maine premium nahi bhar paya yab mera lic kya hoga kuchh shujhaw bataiye, our mera policy lene me matr 3 months huwa hai.

Wrote :

16-04-2020 16:06:17

COVID-19 ke lockdown k wajah se, LIC ne policyholders ko 1 month ka extension dia hai.

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Wrote :

08-04-2020 19:00:56

Hi , i want to calculate detail maturity benefit for jeevan mitra (triple cover) policy. this plan is discontinued now, so it is not listed on your website. can you please help me in this. If possible please send me like for calculator on my email or send me directly calculated details in pdf. for this policy details are given below -
Jeevan mitra (triple cover)
sum assured : 1000000
policy term : 30rnYear of purchase: 2012rnage at the time of purchase : 23 years

Wrote :

09-04-2020 06:17:34

LIC Jeevan Mitra Plan (133) Maturity Calculator

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Wrote :

05-04-2020 10:09:47

Very good plan for minor and adults.

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