LIC Jeevan Labh Calculator 2026 updated
Plan your LIC Jeevan Labh investment smartly. Our advanced LIC Jeevan Labh calculator gives you instant premium, final maturity amount, and surrender value for popular variants (836 and 936). Whether you need lic jeevan labh 836 maturity calculator or jeevan labh lic policy premium calculator, this tool helps you compare returns and make informed decisions for 2026.
LIC Jeevan Labh Premium & Maturity Estimator
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Bonus assumptions: SRB ₹45-48/1000 SA/year + FAB as per plan. Actual LIC bonuses may vary.
LIC Jeevan Labh Surrender Value & Loan Eligibility
*Surrender values are indicative, actual depends on LIC’s prevailing factor & policy term.
Jeevan Labh Plan 836 vs 936 – Quick comparison
| Features | Plan 836 (16-year term) | Plan 936 (25-year term) |
|---|---|---|
| Policy Term | 16 years | 25 years |
| Premium Paying Term | 10 / 15 years | 16 years |
| Minimum Sum Assured | ₹2,00,000 | ₹2,00,000 |
| Typical SRB (per ₹1000 SA) | ₹40–₹50 p.a. | ₹45–₹55 p.a. |
| Final Addition Bonus (FAB) | Moderate (₹50-70/1000 SA) | Higher (₹65-85/1000 SA) |
| Ideal For | Medium-term goals | Long-term wealth + retirement |
Bonus insight: LIC declared reversionary bonus rates for Jeevan Labh in range of ₹44–₹49 per thousand SA for 2025-26; we use conservative estimates for 2026 projections. Loyalty addition boosts final payout.
How to use LIC Jeevan Labh Calculator (Step-by-Step)
- Select Plan: Choose 836 (16-year term) or 936 (25-year term) – reflects different bonus potential.
- Enter Sum Assured: Minimum ₹2 lakh; typically in multiples of ₹5,000.
- Provide Age: Entry age affects premium rates per thousand sum assured.
- Premium Paying Term: For plan 836, you can choose 10 or 15 years. For 936, it’s fixed 16 years.
- Get Results: Annual premium, total outlay, maturity corpus including SRB + FAB, and indicative IRR.
- Surrender Section: Input years premiums paid to know approximate GSV/SSV and loan eligibility.
How Maturity is calculated (Bonus breakdown)
LIC Jeevan Labh maturity amount = Sum Assured + Accrued Simple Reversionary Bonus (SRB) + Final Additional Bonus (FAB). SRB is declared annually per thousand sum assured. For illustration, we assume:
- Plan 836: SRB ₹45 / ₹1000 SA each year, FAB = ₹60/1000 SA.
- Plan 936: SRB ₹48 / ₹1000 SA each year, FAB = ₹80/1000 SA.
Example calculation: Sum Assured ₹5,00,000 in Plan 836 (16-year term). Bonus accrual = 500 (thousands) × 45 × 16 = ₹3,60,000. FAB = 500 × 60 = ₹30,000. Total Maturity = ₹5,00,000 + ₹3,60,000 + ₹30,000 = ₹8,90,000. Our calculator follows this logic dynamically.
Tax Benefits & Paid-up / Loan Value
Under Section 80C, premiums paid qualify for deduction up to ₹1.5 lakh. Maturity proceeds are exempt under Section 10(10D) subject to conditions. If you stop paying premiums after at least 2 years, policy becomes paid-up: reduced sum assured = (Paid premiums / total premiums) × SA. Surrender after 2 years yields GSV and potentially higher SSV. Our surrender estimator uses conservative GSV factor (50-70%) and SSV formula based on paid-up value + bonuses.
LIC Jeevan Labh Loan facility: You can avail loan up to 90% of surrender value after 3 policy years — perfect for emergencies.
Frequently Asked Questions – LIC Jeevan Labh
Plan 836 offers 16-year term with PPT 10/15 years, Plan 936 offers 25-year term with PPT 16 years. Maturity benefits and bonuses differ accordingly.
Our calculator uses historical bonus rates and 2026 projections. Actual LIC bonuses depend on corporation’s annual declaration, so figures are estimates but reliable for planning.
Yes, use our surrender section: GSV depends on total premiums paid and surrender factor; special surrender value considers paid-up value plus bonuses – we give an accurate range.
IRR is the internal rate of return considering annual premiums and final maturity. Our tool displays approximate IRR (6-7% historically) based on premium & maturity.
Yes, 18% GST is levied on the risk portion of premium; our calculator includes GST in annual premium figures for real outlay.
Yes, LIC allows monthly, quarterly, half-yearly modes. Our tool displays annual premium — for monthly you can divide by 12, but modal loading may apply.
Plan 936 provides longer duration and higher FAB potential, suitable for long-term goals; 836 offers quicker maturity. Use our calculator to compare both with your sum assured.
Important Legal Disclaimer
TotalCalcHub's LIC Jeevan Labh calculator is for estimation and educational purposes only. It does not represent official LIC of India figures. Bonus rates, surrender value factors, and final payouts are based on historical data and assumptions. Actual returns may differ. Please consult a licensed LIC agent or financial advisor before purchasing any policy. Updated for 2026 guidelines.