LIC Jeevan Labh Plan 836 Calculator
Important Disclaimer About LIC Jeevan Labh Plan 836 Calculations
The premium and benefit figures generated by the LIC Jeevan Labh Plan 836 Calculator are intended for illustration purposes only. Actual policy benefits may differ depending on LIC’s future bonus declarations and prevailing policy conditions.
Key points to remember:
- Maturity estimates are based on assumed bonus rates and may change over time.
- Premium illustrations generally exclude GST and other applicable taxes.
- Death benefit calculations typically include the applicable Sum Assured on Death along with vested bonuses.
- Bonus rates are not guaranteed and are declared periodically by LIC.
- For exact premium quotations and policy benefits, applicants should consult an LIC branch office or authorized insurance advisor.
Introduction to LIC Jeevan Labh Plan 836
When planning for long-term financial security, many individuals look for insurance products that provide both protection and savings. LIC Jeevan Labh Plan 836 was designed to meet these requirements by combining life insurance coverage with guaranteed savings and bonus participation.
The plan gained popularity because it allowed policyholders to pay premiums for a limited period while enjoying insurance protection and bonus accumulation throughout the entire policy term.
What is LIC Jeevan Labh Plan 836?
LIC Jeevan Labh Plan 836 is a limited premium-paying participating endowment insurance plan. It is a traditional, non-linked life insurance policy, meaning its benefits are not affected by stock market fluctuations.
As a participating plan, it shares LIC’s profits through bonus declarations, which can significantly enhance the policy’s maturity and death benefits.
The plan is suitable for individuals seeking:
- Life insurance protection
- Long-term savings
- Guaranteed benefits
- Bonus participation
- Limited premium payment obligations
Major Features of LIC Jeevan Labh Plan 836
Multiple Policy Term Choices
Policyholders can select from the following policy durations:
- 16 Years
- 21 Years
- 25 Years
This flexibility allows individuals to align the policy with specific financial goals and timelines.
Limited Premium Payment Structure
One of the plan’s key advantages is that premiums are payable only for a portion of the policy term.
Available premium-paying terms include:
- 10 Years
- 15 Years
- 16 Years
Even after premium payments are completed, life cover continues until policy maturity.
Minimum Sum Assured Requirement
The policy requires a minimum Basic Sum Assured of ₹2,00,000, while higher coverage amounts may be chosen based on eligibility and underwriting requirements.
Loan Facility
Policyholders may become eligible for policy loans after satisfying the required premium payment conditions, providing access to funds during emergencies.
Optional Rider Protection
The Accidental Death and Disability Benefit Rider can be added to enhance the overall protection available under the policy.
Eligibility Conditions for LIC Jeevan Labh Plan 836
The eligibility requirements vary depending on the selected policy term.
| Criteria | Details |
|---|---|
| Minimum Entry Age | 8 Years (Completed) |
| Maximum Entry Age (16-Year Term) | 59 Years |
| Maximum Entry Age (21-Year Term) | 54 Years |
| Maximum Entry Age (25-Year Term) | 50 Years |
| Maximum Maturity Age | 75 Years |
| Minimum Basic Sum Assured | ₹2,00,000 |
| Maximum Basic Sum Assured | No Specific Limit (Subject to Underwriting) |
| Premium Payment Modes | Annual, Half-Yearly, Quarterly, Monthly |
| Loan Availability | Generally Available After 3 Years |
These eligibility parameters allow a wide range of individuals to participate in the plan.
How LIC Jeevan Labh Plan 836 Operates
The plan follows a simple limited-premium structure.
Premium Payment Phase
The policyholder pays premiums only during the selected premium-paying term. Once all required premiums have been paid, no further premium payments are necessary.
Protection Continues Throughout the Policy
Even after premium payments stop, the policy remains active and continues to provide life insurance coverage until maturity.
Bonus Accumulation
Throughout the policy term, eligible bonuses declared by LIC may accumulate and increase the overall policy value.
The policy may qualify for:
- Simple Reversionary Bonus
- Final Additional Bonus (if applicable)
Maturity Benefit
If the policyholder survives until the end of the selected policy term, LIC pays:
- Basic Sum Assured
- Accrued Simple Reversionary Bonuses
- Final Additional Bonus (if declared)
The combined amount forms the maturity benefit payable at the end of the policy term.
This structure makes LIC Jeevan Labh Plan 836 a suitable option for individuals looking to combine disciplined savings with life insurance protection while limiting the duration of premium payments.
Premium Payment Schedule Under LIC Jeevan Labh Plan 836
LIC Jeevan Labh Plan 836 follows a limited premium-paying structure, allowing policyholders to complete premium payments well before the policy reaches maturity.
The premium-paying term depends on the selected policy duration:
| Policy Term | Premium Paying Term |
|---|---|
| 16 Years | 10 Years |
| 21 Years | 15 Years |
| 25 Years | 16 Years |
This structure enables policyholders to stop paying premiums earlier while continuing to enjoy insurance protection and bonus accumulation throughout the remaining policy period.
Maturity Benefits of LIC Jeevan Labh Plan 836
If the life assured survives until the completion of the policy term, LIC pays a maturity benefit consisting of:
- Sum Assured on Maturity
- Vested Simple Reversionary Bonuses
- Final Additional Bonus (if declared)
The maturity proceeds are paid as a lump sum and can help meet important financial objectives such as retirement planning, children’s education, marriage expenses, or wealth creation goals.
Death Benefit Protection
In the unfortunate event of the policyholder’s death during the policy term while the policy remains in force, the nominee becomes eligible to receive:
- The higher of:
- 10 times the Annualized Premium, or
- Sum Assured on Maturity
- Plus all vested bonus additions accumulated under the policy
This benefit ensures that the family receives meaningful financial support during difficult circumstances while preserving long-term financial security.
Major Advantages of LIC Jeevan Labh Plan 836
LIC Jeevan Labh Plan 836 offers several features that make it attractive for long-term financial planning.
Limited Premium Commitment
Policyholders are required to pay premiums only for a portion of the policy term, reducing the overall payment burden while maintaining full policy benefits.
Comprehensive Life Insurance Cover
The plan provides insurance protection throughout the policy duration, helping secure the financial future of dependents.
Participation in LIC Profits
As a participating policy, Jeevan Labh is eligible for bonus declarations made by LIC.
Potential bonus benefits may include:
- Simple Reversionary Bonus
- Final Additional Bonus
These additions can substantially increase both maturity and death benefits.
Loan Facility
After satisfying the minimum premium payment conditions, policyholders may become eligible to avail loans against the policy, providing liquidity during financial emergencies.
Tax Benefits
Eligible premium payments and policy benefits may qualify for tax advantages under prevailing provisions of the Income Tax Act.
Optional Rider Benefits
Additional protection may be available through rider options such as:
- Accidental Death and Disability Benefit Rider
- Term Assurance Rider
- Critical Illness Rider
These riders can help enhance the overall protection offered by the policy.
Flexible Policy Options
The availability of multiple policy terms and premium-paying terms allows policyholders to choose a structure that aligns with their financial objectives.
Understanding the LIC Jeevan Labh 836 Calculator
The LIC Jeevan Labh 836 Calculator is a planning tool designed to help individuals estimate policy costs and future benefits before purchasing the plan.
It allows users to evaluate different coverage options and understand how policy choices affect premiums and maturity values.
What Can the Calculator Estimate?
The calculator generally helps users determine:
- Premium amounts payable under different payment frequencies
- Projected maturity benefits
- Bonus-inclusive estimates
- Coverage details based on selected inputs
These projections help policyholders make informed financial decisions.
Why Use the LIC Jeevan Labh 836 Calculator?
Using the calculator offers several advantages:
Premium Planning
Users can estimate the premium required for their desired level of life insurance coverage.
Maturity Value Projection
The calculator provides an approximate estimate of the maturity amount based on the selected policy term and sum assured.
Comparison of Different Scenarios
Individuals can compare multiple combinations of policy terms and coverage amounts to find the most suitable option.
Improved Financial Decision-Making
Understanding the relationship between premiums, policy duration, and maturity benefits helps in selecting a plan that fits both budget and long-term goals.
Information Required for Calculation
To generate estimates, the calculator typically requires the following details:
- Age of the life assured
- Basic Sum Assured
- Policy Term (16, 21, or 25 years)
- Premium Paying Term
- Preferred Premium Payment Mode
After processing the inputs, the calculator displays estimated premiums and projected policy benefits.
Step-by-Step Guide to Using the LIC Jeevan Labh 836 Calculator
Step 1: Enter Your Age
Provide the current age of the life assured according to the plan’s eligibility conditions.
Step 2: Select a Policy Duration
Choose one of the available policy terms:
- 16 Years
- 21 Years
- 25 Years
Step 3: Confirm the Premium Paying Term
The premium-paying term is automatically linked to the selected policy duration.
Step 4: Choose the Desired Sum Assured
Enter the amount of life insurance coverage required to meet your financial goals.
Step 5: Select a Premium Payment Frequency
Choose the payment mode that best suits your budget:
- Annual
- Half-Yearly
- Quarterly
- Monthly
Step 6: Generate the Estimate
After entering all required details, click the calculate button to view:
- Estimated premium payable
- Projected maturity value
- Expected policy benefits
The process takes only a few seconds and provides a useful overview of the policy’s potential benefits.
Availability of LIC Jeevan Labh 836 Calculators
Various financial planning websites and insurance portals offer Jeevan Labh calculators to help users estimate policy benefits. These tools allow prospective buyers and existing policyholders to analyze premiums and projected returns quickly, making policy comparison and financial planning much easier.
Premium Payment Schedule Under LIC Jeevan Labh Plan 836
LIC Jeevan Labh Plan 836 follows a limited premium-paying structure, allowing policyholders to complete premium payments well before the policy reaches maturity.
The premium-paying term depends on the selected policy duration:
| Policy Term | Premium Paying Term |
|---|---|
| 16 Years | 10 Years |
| 21 Years | 15 Years |
| 25 Years | 16 Years |
This structure enables policyholders to stop paying premiums earlier while continuing to enjoy insurance protection and bonus accumulation throughout the remaining policy period.
Maturity Benefits of LIC Jeevan Labh Plan 836
If the life assured survives until the completion of the policy term, LIC pays a maturity benefit consisting of:
- Sum Assured on Maturity
- Vested Simple Reversionary Bonuses
- Final Additional Bonus (if declared)
The maturity proceeds are paid as a lump sum and can help meet important financial objectives such as retirement planning, children’s education, marriage expenses, or wealth creation goals.
Death Benefit Protection
In the unfortunate event of the policyholder’s death during the policy term while the policy remains in force, the nominee becomes eligible to receive:
- The higher of:
- 10 times the Annualized Premium, or
- Sum Assured on Maturity
- Plus all vested bonus additions accumulated under the policy
This benefit ensures that the family receives meaningful financial support during difficult circumstances while preserving long-term financial security.
Major Advantages of LIC Jeevan Labh Plan 836
LIC Jeevan Labh Plan 836 offers several features that make it attractive for long-term financial planning.
Limited Premium Commitment
Policyholders are required to pay premiums only for a portion of the policy term, reducing the overall payment burden while maintaining full policy benefits.
Comprehensive Life Insurance Cover
The plan provides insurance protection throughout the policy duration, helping secure the financial future of dependents.
Participation in LIC Profits
As a participating policy, Jeevan Labh is eligible for bonus declarations made by LIC.
Potential bonus benefits may include:
- Simple Reversionary Bonus
- Final Additional Bonus
These additions can substantially increase both maturity and death benefits.
Loan Facility
After satisfying the minimum premium payment conditions, policyholders may become eligible to avail loans against the policy, providing liquidity during financial emergencies.
Tax Benefits
Eligible premium payments and policy benefits may qualify for tax advantages under prevailing provisions of the Income Tax Act.
Optional Rider Benefits
Additional protection may be available through rider options such as:
- Accidental Death and Disability Benefit Rider
- Term Assurance Rider
- Critical Illness Rider
These riders can help enhance the overall protection offered by the policy.
Flexible Policy Options
The availability of multiple policy terms and premium-paying terms allows policyholders to choose a structure that aligns with their financial objectives.
Understanding the LIC Jeevan Labh 836 Calculator
The LIC Jeevan Labh 836 Calculator is a planning tool designed to help individuals estimate policy costs and future benefits before purchasing the plan.
It allows users to evaluate different coverage options and understand how policy choices affect premiums and maturity values.
What Can the Calculator Estimate?
The calculator generally helps users determine:
- Premium amounts payable under different payment frequencies
- Projected maturity benefits
- Bonus-inclusive estimates
- Coverage details based on selected inputs
These projections help policyholders make informed financial decisions.
Why Use the LIC Jeevan Labh 836 Calculator?
Using the calculator offers several advantages:
Premium Planning
Users can estimate the premium required for their desired level of life insurance coverage.
Maturity Value Projection
The calculator provides an approximate estimate of the maturity amount based on the selected policy term and sum assured.
Comparison of Different Scenarios
Individuals can compare multiple combinations of policy terms and coverage amounts to find the most suitable option.
Improved Financial Decision-Making
Understanding the relationship between premiums, policy duration, and maturity benefits helps in selecting a plan that fits both budget and long-term goals.
Information Required for Calculation
To generate estimates, the calculator typically requires the following details:
- Age of the life assured
- Basic Sum Assured
- Policy Term (16, 21, or 25 years)
- Premium Paying Term
- Preferred Premium Payment Mode
After processing the inputs, the calculator displays estimated premiums and projected policy benefits.
Step-by-Step Guide to Using the LIC Jeevan Labh 836 Calculator
Step 1: Enter Your Age
Provide the current age of the life assured according to the plan’s eligibility conditions.
Step 2: Select a Policy Duration
Choose one of the available policy terms:
- 16 Years
- 21 Years
- 25 Years
Step 3: Confirm the Premium Paying Term
The premium-paying term is automatically linked to the selected policy duration.
Step 4: Choose the Desired Sum Assured
Enter the amount of life insurance coverage required to meet your financial goals.
Step 5: Select a Premium Payment Frequency
Choose the payment mode that best suits your budget:
- Annual
- Half-Yearly
- Quarterly
- Monthly
Step 6: Generate the Estimate
After entering all required details, click the calculate button to view:
- Estimated premium payable
- Projected maturity value
- Expected policy benefits
The process takes only a few seconds and provides a useful overview of the policy’s potential benefits.
Availability of LIC Jeevan Labh 836 Calculators
Various financial planning websites and insurance portals offer Jeevan Labh calculators to help users estimate policy benefits. These tools allow prospective buyers and existing policyholders to analyze premiums and projected returns quickly, making policy comparison and financial planning much easier.
Tax Advantages Available Under LIC Jeevan Labh Plan 836
One of the key attractions of LIC Jeevan Labh Plan 836 is its favorable tax treatment, which enhances the overall value of the policy for long-term financial planning.
Tax Deduction on Premium Payments
Premiums paid toward the policy may qualify for tax deductions under Section 80C of the Income Tax Act, subject to prevailing tax laws and applicable limits. Eligible policyholders can claim deductions of up to ₹1.5 lakh per financial year under this provision.
Tax-Free Policy Benefits
The maturity proceeds, including eligible bonus additions, may qualify for tax exemption under Section 10(10D), subject to the conditions prescribed under the Income Tax Act. Similarly, death benefits paid to nominees are generally exempt from income tax under applicable regulations.
These tax benefits can improve the effective return generated by the policy while reducing the overall tax burden of the policyholder.
LIC Jeevan Labh Plan 836 vs LIC Jeevan Labh Plan 936
LIC Jeevan Labh Plan 836 was eventually withdrawn for new business and replaced by LIC Jeevan Labh Plan 936. While the newer version introduced certain modifications and updated features, both plans share the same core philosophy of combining life insurance protection with long-term savings and bonus participation.
Individuals researching older LIC plans often compare Plan 836 and Plan 936 to understand the evolution of LIC’s traditional endowment offerings. Existing policyholders of Plan 836 continue to receive benefits according to their original policy terms.
Where Can You Find the LIC Jeevan Labh 836 Calculator?
Several platforms provide premium and maturity calculators for LIC Jeevan Labh Plan 836, allowing users to estimate policy benefits based on their age, sum assured, and policy term.
Common sources include:
- LIC-related insurance information websites
- Insurance comparison portals
- Financial planning websites
- Insurance premium calculator platforms
- Mobile applications offering LIC policy tools
These calculators help users compare different policy scenarios and estimate premiums, maturity benefits, and bonus-inclusive returns.
Frequently Asked Questions (FAQs)
What is LIC Jeevan Labh Plan 836?
LIC Jeevan Labh Plan 836 is a participating, limited premium-paying endowment insurance policy that combines life insurance protection with long-term savings and bonus benefits.
Can premiums be paid monthly?
Yes. Policyholders can generally choose from multiple premium payment frequencies, including:
- Annual
- Half-Yearly
- Quarterly
- Monthly
What is the minimum sum assured available under the plan?
The minimum Basic Sum Assured under LIC Jeevan Labh Plan 836 is ₹2,00,000.
How long are premiums payable?
The premium-paying term depends on the selected policy duration:
| Policy Term | Premium Paying Term |
|---|---|
| 16 Years | 10 Years |
| 21 Years | 15 Years |
| 25 Years | 16 Years |
What happens if the policyholder dies during the policy term?
The nominee becomes eligible for the applicable death benefit, which generally includes the higher of the prescribed death sum assured and policy benefits, together with vested bonus additions, subject to policy terms and conditions.
Which bonus benefits are available under the plan?
The policy may qualify for:
- Simple Reversionary Bonus
- Final Additional Bonus (if declared)
These bonuses can substantially increase the overall value of maturity and death benefits.
Are tax benefits available?
Yes. Eligible premium payments may qualify for deductions under Section 80C, while qualifying policy proceeds may receive tax benefits under Section 10(10D), subject to prevailing tax laws.
Final Conclusion
LIC Jeevan Labh Plan 836 is a traditional participating endowment plan designed for individuals who want the dual benefit of life insurance protection and disciplined long-term savings. Its limited premium payment structure allows policyholders to complete premium payments early while continuing to enjoy insurance coverage and bonus accumulation throughout the policy term.
The plan’s combination of maturity benefits, death protection, bonus participation, loan facilities, rider options, and tax advantages makes it a well-rounded financial planning solution. In addition, the LIC Jeevan Labh 836 Calculator helps prospective buyers and existing policyholders estimate premiums, maturity values, and policy benefits, making financial planning more convenient and informed.
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