LIC Jeevan Labh Plan 836
Offline Premium & Maturity Calculator
LIC Jeevan Labh Plan 836 Overview
LIC Jeevan Labh Plan 836 is a limited premium paying, non-linked, with-profits endowment plan. It offers high savings potential and protection. The policyholder pays premiums for a period shorter than the policy term.
Eligibility & Rules
- Minimum Sum Assured: ₹2,00,000
- Maximum Sum Assured: No Limit
- Policy Term Options: 16, 21, or 25 Years
- Premium Paying Term (PPT): 10, 15, or 16 Years respectively
- Entry Age: 8 to 59 Years
Key Plan Benefits
- Death Benefit: Sum Assured on Death + Vested Simple Reversionary Bonuses + FAB.
- Maturity Benefit: Basic Sum Assured + Vested Simple Reversionary Bonuses + Final Additional Bonus (if any).
Detailed Maturity Benefit
Basic Sum Assured + Vested Simple Reversionary Bonuses + Final Additional Bonus (if any). Payable on surviving the policy term.
Standard Policy Features
- Grace Period: 30 days for Yearly, Half-Yearly, and Quarterly premium payment modes, and 15 days for Monthly mode.
- Free Look Period: 30 days from the date of receipt of the policy document to review the terms and conditions.
- Loan & Surrender Facility: The policy acquires a Surrender Value and Loan facility after the payment of 2 full years' premiums.
- Tax Benefits: Premiums paid are eligible for tax deduction under Section 80C, and maturity/death benefits are tax-free under Section 10(10D), subject to prevailing tax laws.
Example Calculation
| Parameter | Value |
|---|---|
| Sum Assured | ₹5,00,000 |
| Age / Policy Term | 30 / 25 (PPT 16) Years |
| Yearly Premium (Approx) | ₹23,500 |
| Total Paid Premium | ₹3,76,000 |
| Maturity / Total Benefits | ₹13,50,000 |
Calculating…