LIC Jeevan Labh (736 Style) Calculator

LIC's Jeevan Labh (Plan 736) Calculator

Estimate premium and benefits (based on Plan 736 structure - UIN: 512N304V03).

Enter Name

Age (Nearest Birthday)

Min: 8 years, Max: 50 years

Policy Term (Years)

Select Term: 16, 21 or 25 years

Basic Sum Assured (₹)

Min: ₹2,00,000. Multiples: ₹10k (≤4.5L), ₹25k (>4.5L)

Date of Purchase

Enter the date policy starts.

Optional Riders

Accidental D&D Benefit? Age 18+. Adds extra cover.

Term Assurance Rider? Available at inception only.

CHOOSE A PLAN (1st Year Premiums incl. GST)

Hello Sanjay, this Jeevan Labh plan presentation is prepared for you.

Premium includes GST. First Year Rate: 4.5%, Second Year onwards: 2.25%.

CALCULATION DETAILS

Basic Sum Assured (BSA):	₹
Age:
Policy Term (PT):	Years
Premium Paying Term (PPT):	Years
Sum Assured on Death (Higher of BSA or 7xAP):	₹
AD&D Rider Sum Assured:	₹
Term Rider Sum Assured:	₹

"Sum Assured on Death" is Higher of Basic Sum Assured (₹ ) or 7 times Annualised Premium (₹ ). Minimum Death Benefit is 105% of total premiums paid.

MATURITY BENEFIT (ON SURVIVAL) (Approx. @8% illustration)

Basic Sum Assured	Bonus (approx. @8%)	FAB (approx. @8%)	Total Maturity (approx. @8%)
₹	₹	₹	₹

Maturity value on Survival = Basic SA + Vested Bonus + FAB (if any). Bonuses are illustrative based on 8% p.a. assumed return and not guaranteed.

DEATH BENEFIT FOR NOMINEE (Approx. @8%)

Sum Assured on Death:	₹
Bonus (Approx. @8%):	₹
FAB (Approx. @8%):	₹
(+) Term Rider Benefit (If Opted):	₹
(+) AD&D Rider Benefit (If Accidental Death):	₹
Total Payable (Natural Death - Approx. @8%)	₹
Total Payable (Accidental Death - Approx. @8%)	₹

Assumes illustrative death during policy year 10. Vested Bonuses & FAB depend on year of death & LIC declarations. Min 105% of total premiums paid. Tax benefits u/s 10(10D) subject to conditions.

Year-wise Policy Details (Illustrative)

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Shows Guaranteed & Illustrative Non-Guaranteed Benefits @4%/8% p.a.

Policy Year	Annual Premium	GSV	Non-GSV (@4%)	Non-GSV (@8%)	Death Benefit (@4%)	Death Benefit (@8%)

Important: Non-Guaranteed values (@4%/8%) are illustrative & NOT guaranteed. GSV applies after 2 full years' premiums. Death benefit min 105% premiums paid.

Jeevan Labh – Feature Comparison (736 vs 936 vs 836)

Feature	Plan 736 (Active) (UIN: 512N304V03)	Plan 936 (Old) (UIN: 512N304V02)	Plan 836 (Older) (UIN: 512N304V01)
Launch Date	17 Oct 2024	1 Feb 2020	(Before 2020)
Withdrawal Date	Active	1 Oct 2024	(Before Feb 2020)
Policy Term Options	16, 21, 25 years	16, 21, 25 years	16, 21, 25 years
Premium Paying Terms	10 (for T16), 15 (for T21), 16 (for T25)	10 (for T16), 15 (for T21), 16 (for T25)	10 (for T16), 15 (for T21), 16 (for T25)
Min. Entry Age	8 years (completed)	8 years (completed)	8 years (completed)
Max. Entry Age (NB)	59 (T16), 54 (T21), 50 (T25)	59 (T16), 54 (T21), 50 (T25)	59 (T16), 54 (T21), 50 (T25)
Max. Maturity Age (NB)	75 years	75 years	75 years
Min. Basic Sum Assured	₹2,00,000	₹2,00,000	₹2,00,000
Max. Basic Sum Assured	No Limit	No Limit	No Limit
BSA Multiples	₹10k (2L-4.5L), ₹25k (>4.5L)	₹10,000	₹10,000
Death Benefit	Higher of BSA or 7xAP + Bonuses	Higher of BSA or 10xAP + Bonuses	Higher of BSA or 10xAP + Bonuses
Maturity Benefit	BSA + Bonuses	BSA + Bonuses	BSA + Bonuses
Participation in Profits	Yes (Par)	Yes (Par)	Yes (Par)
Premium Modes	YLY, HLY, QLY, MLY(ECS), SSS	YLY, HLY, QLY, MLY(ECS), SSS	YLY, HLY, QLY, MLY(ECS), SSS
Loan Facility	Yes (after 2 full years’ premiums)	Yes (after 2 full years’ premiums)	Yes (after 3 full years’ premiums)
High SA Rebate	Refer calculation	Yes	Yes
Mode Rebate	Refer calculation	Yes	Yes
Riders Available	AD&DB, Term Assurance	AD&DB, Term Assurance, Critical Illness, PWB	AD&DB
Calculated Annual Premium (Excl. GST, for current inputs)	–	N/A	N/A