When you want insurance that does more than just protect your family, a limited premium endowment plan becomes a powerful option. LIC Jeevan Labh Plan (736) is designed for individuals who prefer guaranteed life cover along with long-term savings and bonus benefits. To make planning easier, the LIC Jeevan Labh Plan 736 Calculator helps you estimate premiums and maturity value accurately before investing.
LIC Jeevan Labh (Plan 736)
UIN: 512N304V03 | Advanced Smart Estimator
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Enhance Protection (Riders)
Maturity vs Investment Analysis
| Basic Sum Assured | |
|---|---|
| Vested Bonus (Est. 8%) | |
| Final Add. Bonus (Est. 8%) | |
| Total Est. Maturity | |
| Absolute Return (ROI) | 0% |
| Est. Tax Saved (Sec 80C)* | 0 |
Death Benefit (To Nominee)
| Sum Assured on Death | |
|---|---|
| Term Rider Payout | |
| Normal Death Payout** | |
| Accidental Rider Payout | |
| Accidental Death Payout** |
**Includes illustrative Bonus & FAB assuming death in Policy Year 10 at 8%. Tax saved assumes 30% slab on premiums paid.
Year-wise Projection
| Yr | Premium | GSV | Est SSV(8%) | Est Death(8%) |
|---|
GSV = Guaranteed Surrender Value. SSV = Special Surrender Value (Illustrative @8%). Loan available after 2 years.
LIC Endowment Plans Calculator
This guide explains everything in a structured, practical way so you can make a confident and informed decision without confusion.
What is LIC Jeevan Labh Plan 736?
LIC Jeevan Labh Plan 736 is a limited premium paying, non-linked endowment life insurance plan offered by Life Insurance Corporation of India. It combines life protection with disciplined savings, making it suitable for long-term financial goals like children’s education, marriage planning, or retirement cushioning.
The special advantage of this plan is that you pay premiums only for a limited period, but coverage continues for the full policy term. This structure reduces long-term payment pressure while maintaining financial security.
Key Highlights of LIC Jeevan Labh Plan 736
| Feature | Details |
|---|---|
| Policy Term | 16, 21, or 25 years |
| Premium Paying Term | 10, 15, or 16 years (based on selected policy term) |
| Minimum Sum Assured | ₹2,00,000 |
| Entry Age | 8 to 59 years (varies according to policy term) |
| Bonus Facility | Simple Reversionary Bonus + Final Additional Bonus |
| Loan Facility | Available after payment of first year premium |
This combination makes the plan attractive for individuals who want guaranteed structure with bonus-based growth.
Why LIC Jeevan Labh Plan 736 Calculator is Important
Buying an insurance plan without understanding premium structure and maturity value is not wise financial planning. The LIC Jeevan Labh Plan 736 calculator eliminates uncertainty by providing personalized projections.
It helps you calculate:
- Premium amount based on age and term
- Death benefit payable to nominee
- Maturity benefit including bonuses
- Impact of different payment modes
- Effect of riders on premium
Using a lic calculator ensures clarity before commitment and allows comparison of different scenarios.
How LIC Jeevan Labh Plan 736 Calculator Works
The calculator follows a structured input-based system. It uses official premium tables and bonus assumptions to provide realistic projections.
Step-by-Step Process
- Enter your age (nearest birthday).
- Select policy term: 16, 21, or 25 years.
- Choose basic sum assured.
- Select premium payment mode.
- Add optional riders if required.
- Click calculate to generate results.
Within seconds, you receive a detailed breakdown of premium and projected benefits. This makes financial planning practical and transparent.
Example Premium and Maturity Illustration
Below is a sample illustration to understand how the calculator output may look. Values are indicative and depend on actual bonus declarations.
| Age | Policy Term | Sum Assured | Premium Paying Term | Approx Annual Premium | Estimated Maturity Value* |
|---|---|---|---|---|---|
| 30 | 21 Years | ₹10,00,000 | 15 Years | ₹68,000 | ₹18–22 Lakhs |
| 35 | 16 Years | ₹8,00,000 | 10 Years | ₹74,000 | ₹13–16 Lakhs |
| 40 | 25 Years | ₹15,00,000 | 16 Years | ₹1,20,000 | ₹28–35 Lakhs |
Estimated maturity includes basic sum assured plus simple reversionary bonus and final additional bonus (subject to declaration).
This table shows how policy term and age directly influence premium and returns.
Understanding Benefits Under Plan 736
Death Benefit
If the policyholder passes away during the policy term, the nominee receives:
- Higher of Basic Sum Assured or 7 times annualized premium
- Accrued simple reversionary bonuses
- Final additional bonus (if applicable)
This ensures strong financial protection for the family.
Maturity Benefit
If the policyholder survives the term, payout includes:
- Basic Sum Assured
- Vested simple reversionary bonuses
- Final additional bonus
This maturity corpus can be used for planned financial goals without market-linked risk.
Limited Premium Advantage
You stop paying premiums earlier than the full policy term. Coverage continues, but payment obligation ends. This reduces financial burden in later years when responsibilities increase.
Bonus Structure Explained Clearly
LIC declares simple reversionary bonuses annually based on company performance. These bonuses accumulate throughout the policy term and significantly increase maturity value.
Final Additional Bonus (FAB) may also be added at maturity for long-term policies. Although bonuses are not guaranteed, LIC has a strong historical record of consistent bonus declarations.
The calculator generally assumes a projected bonus rate to estimate maturity value. Actual payout depends on declared rates.
Optional Riders for Extra Protection
LIC Jeevan Labh allows additional riders to strengthen coverage.
- Accidental Death and Disability Benefit Rider
- Term Assurance Rider
- Premium Waiver Benefit Rider
These riders increase premium slightly but enhance protection. The calculator reflects rider cost separately so you can evaluate affordability.
Loan and Surrender Value
After paying at least one full year premium, policy loan facility becomes available. This provides liquidity during financial emergencies.
If premiums are discontinued after minimum required period, policy acquires paid-up value. Surrender value is available based on LIC rules, providing partial financial recovery if you exit early.
However, surrendering early reduces long-term benefit potential.
Who Should Consider LIC Jeevan Labh Plan 736?
This plan is ideal for:
- Individuals seeking guaranteed structure with bonus growth
- Parents planning for children’s future expenses
- Risk-averse investors avoiding market volatility
- Salaried individuals wanting disciplined savings
It suits those who prefer stability over high-risk investment-linked products.
Who May Avoid This Plan?
This plan may not be suitable for:
- Investors looking for high market-linked returns
- Individuals needing pure high life cover at low cost (term insurance may be better)
- Those seeking flexible withdrawal options
Understanding suitability ensures smarter decision-making.
Tax Benefits Under Jeevan Labh Plan 736
Premiums paid qualify for deduction under Section 80C up to the prescribed limit as per prevailing tax laws. Maturity and death benefits are tax-exempt under Section 10(10D), subject to applicable conditions.
Tax advantages enhance overall effective returns, making the plan more financially efficient.
Advantages of Using LIC Jeevan Labh Plan 736 Calculator Before Buying
Using the calculator offers several benefits:
- Accurate premium planning
- Budget alignment before purchase
- Scenario comparison for different terms
- Better understanding of long-term maturity corpus
- Transparency in financial commitment
It prevents over-commitment and ensures realistic expectations.
Expert Financial Planning Insight
While calculators provide projections, long-term planning should align with your life goals. Choose a sum assured that covers future inflation-adjusted expenses. Avoid selecting minimum coverage just to reduce premium.
For balanced planning, combine Jeevan Labh with a pure term insurance plan for higher risk cover. This hybrid approach ensures both protection and savings.
Final Verdict on LIC Jeevan Labh Plan 736 Calculator
LIC Jeevan Labh Plan 736 stands as a stable endowment option for conservative investors seeking guaranteed structure with bonus participation. The LIC Jeevan Labh Plan 736 Calculator plays a crucial role in simplifying premium estimation and benefit projection.
Instead of guessing maturity returns or relying on assumptions, using the calculator ensures clarity, confidence, and structured financial planning. It transforms policy selection into a logical decision rather than an emotional purchase.
If your goal is disciplined long-term savings with life cover protection and limited premium commitment, this plan deserves serious consideration.
FAQ’s
Q.1: What is the minimum sum assured in LIC Jeevan Labh Plan 736?
The minimum basic sum assured is ₹2,00,000. There is no upper limit, subject to underwriting guidelines.
Q.2: How long do I need to pay premiums in this plan?
Premium paying term depends on policy term. For example, a 21-year policy requires 15 years of premium payment.
Q.3: Are bonuses guaranteed in this plan?
Simple reversionary bonuses and final additional bonuses depend on LIC’s annual declaration. They are not guaranteed but historically consistent.
Q.4: Can I take a loan against LIC Jeevan Labh Plan 736?
Yes, loan facility is available after payment of at least one full year premium, subject to policy conditions.
