LIC Jeevan Labh Plan 936

LIC Jeevan Labh Plan 936 - Premium and Maturity Calculator

LIC Jeevan Labh Plan 936

LIC Jeevan Labh Plan 936

LIC Jeevan Labh Plan 936


LIC of India new plan launched on 1st. february 2020 which name is LIC Jeevan Labh Plan 936 (LIC Table no. 936) is a traditional plan which means not related to market. Jeevan Labh Plan 936 is a combination of insurance and savings.

LIC’s Jeevan Labh Plan 936 is a participating limited premium paying, non-linked, with-profit endowment Insurance Plan. This plan is a comprehensive Endowment plan that ensure a financially secure and guarantees your peace of mind.

LIC Jeevan Labh 936 provides financial protection for the family of the deceased policyholder any time before maturity. The main benefit of this plan is it has the limited premium payment option. For the 16 years policy term policy holder have to pay the premium for 10 years and 21 years and 25 years of policy term policy holder have to pay the premium for 15 years and 16 years respectively.

Please Note: You can buy now online LIC Jeevan Labh plan 936 through credit card/debit card, net banking, upi and wallets on our LIC's New Business Platform.

Key Features

  • Higher Bonus Attracting Plan
  • Premiums need to be paid for less number of years than Maturity year
  • Ideal Plan for planning Child’s Education and Marriage
  • Options to avail accidental and disability benefit rider, critical illness, premium waiver rider, and term rider.
  • Settlement option available for maturity and death benefits in instalments 5, 10, and 15 years. 
  • Paid premiums are exempted from income tax under 80C
  • Maturity amount is tax free under 10 (10D).

LIC Jeevan Labh Plan 936 Parameter

Minimum Age at Entry

8 Years (Completed)

Maximum Age at Entry

59 Years for 16 Year Term
54 Years for 21 Year Term
50 Years for 25 Year Term

Maximum Age at Maturity

75 Years

Premium Paying Mode

Yearly, Half Yearly, Quarterly, Monthly (NACH)

Policy Term

16, 21, 25 years.

Premium Payment Term

10, 15, 16 years.

Basic Sum Assured

2,00,000 and above (in multiple of 10,000)


After 2 years


After 2 years of premium payment


Rebate means discount on premium. Two rebates in this policy one is Mode Rebate and another is Sum Assured Rebate.

Mode Rebate: Rebate given based on premium payment mode chosen.

Premium Payment Mode Percentage(%)

Yearly Mode


Half yearly Mode


Quarterly and Monthly


High Sum Assured Rebate: High Sum assured Rebate Based on Sum assured means Policy Value.

Basic Sum Assured (BSA) Rebate per Rs. 1000 /- S.A.

Rs. 2,00,000 to Rs. 4,90,000


Rs. 5,00,000 to Rs. 9,90,000

1.25 % of (B.S.A)

Rs. 10,00,000 to Rs. 14,90,000

1.50 % of (B.S.A)

Rs. 15,00,000 and above

1.70 % of (B.S.A)


Maturity Benefits

LIC Jeevan Labh Plan 936 Maturity Benefit = Sum Assured on Maturity + Vested Simple Reversionary Bonuses + Final Additional Bonus (FAB).

  • Sum Assured on Maturity: On Survival to the end of the policy term, Sum Assumed on Maturity, Vested Simple Reversionary Bonuses, and Final Additional Bonus if any will be paid.

Death Benefits

LIC Jeevan Labh Plan 936 Death Benefit = Sum Assured on death + Vested Simple Reversionary Bonuses + Final Additional Bonus (FAB).

  • Sum Assured on Death : On the death of the policyholder during the policy term, Sum Assured on death, Vested Simple Reversionary Bonuses, and Final Additional Bonus will be paid.
  • Sum Assured on Death is 7 times higher than the annualized premium.
  • Death Benefit : The Death Benefit shall not be less than 105% of the total premium paid as on death.


LIC Jeevan Labh Plan 936 Surrender, Loan and Paid-up value details is given below.


Surrender period : Policy can be surrender after 2 years at least 2 full years payment of premiums.

Loan Facility : Loan facility is available under LIC Jeevan Labh plan 936, after at least 2 full years of premium paid.

Paid-up value : Once a LIC Jeevan Labh Plan 936 policy has completed minimum 2 full years and more premiums paid, and policyholder chooses to stop paying further premiums, it automatically becomes eligible for paid-up value.

Paid-up value formula

Paid-up value Sum Assured * Total number of premiums paid/Total number of premiums to be paid

LIC Jeevan Labh Plan 936 with an Example

An example of Vinod who is "LIC jeevan labh plan 936 buy online" with following details.

Sum Assured (Rs.)


Age (Years)


Policy Term(Years)


Premium Paying Term


Purchase Year


Yearly Premium

1st. yrs (27749), 2nd yrs. (27263) onward

As per above example, policy holder needs to pay the premium of Rs. 27,749 1st. yearand Rs. 27,263 2nd year onward every year for 15 years (Premium Paying Term) and after completion of 21 years (Policy Term). The benefits (maturity & Year-wise death claims) related to this plan is given below.

Maturity Details

If Policy holder survives 21 years, then Maturity (Sum Assured + Bonus +FAB) will be as under.






Death Claim Details

In case of death during policy term (Before 21 years ), Sum Assured + Bonus + Final Addition Bonus (Normal Life Cover) will be paid to nominee. In case of accidental death, additional amount equal to Sum Assured along with Sum Assured + Bonus + Final Addition Bonus (Accidental Life Cover) will be paid to nominee. Year-wise and Age-wise Normal Life Cover and Accidental Life Covers will be as follows.

How to Understand given below Table?

Suppose if, unfortunate death of policy holder happens in year 2034 (at age 43), then by that time total premium paid will be Rs. 3,81,682 and nominee will get death claim as Rs. 8,92,500 in case of normal death or Rs. 13,92,500 as accidental death claim in case of death due to accident and policy will be stop.

Additional information

Revival : Policy should be revived before 5 years from last unpaid premiums.

Loan Facility : Loan facility is available under LIC Jeevan Labh plan, after at least 2 full years payment of premiums.

Riders Facility : Accidental Death and Disability Benefit Rider, critical illness and Term Assurance Rider is available.

Suicide Clause : If Policy Holder Committed Suicide within 12 month from date of taking the policy 80% of paid premium will be returned back. If committed suicide after 1 year. Full Sum assured + Bonus will be paid by LIC to their nominee.

Cooling off Period : Policy holder can return back policy within 15 days from date of receiving the policy.

Date Backing Facility : Available.

Proposal Form : Form No. 300, 340 and 360.

Comments & Reviews

Nilima Wrote:

2023-12-16 06:37:57

If policy holder age is 52 than how many monthly premium she is required to pay for 16 year plan i.e 10 year in jeevan labh scheme

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