💰 LIC Jeevan Labh Calculator 🚀
Calculate Premium, Maturity Benefits, Surrender Value & Bonus for LIC Jeevan Labh Plan 936/836
🎯 Why Use Our LIC Jeevan Labh Calculator? 🎯
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Get precise premium, maturity, and surrender value calculations based on latest LIC rates and bonus declarations.
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Learn about LIC policies, investment strategies, and make informed financial decisions.
📚 About LIC Jeevan Labh Policy 📚
Key Features
- Plan Numbers: 936 (Modified) and 836 (Old)
- Entry Age: 8 to 59 years
- Policy Terms: 16, 21, 25 years
- Premium Paying Terms: 10, 15, 25 years
- Max Age at Maturity: 75 years
- Current Bonus Rate: ₹40 per ₹1000 Sum Assured
Benefits
- Death Benefit: Higher of Sum Assured or 7x Annual Premium
- Maturity Benefit: Sum Assured + Bonuses
- Tax Benefits: Under Section 80C and 10(10D)
- Loan Facility: Available after 2 policy years
- Surrender Value: Available after 2 complete years
- Riders Available: Accidental, Term, Premium Waiver
Important Notes
- • Premium payment stops after premium paying term
- • Policy continues till maturity
- • Bonus rates are declared annually
- • Final Additional Bonus payable at maturity
- • Surrender charges apply for early surrender
- • Medical examination may be required
- • GST and other taxes applicable
- • Policy document is the master contract
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❓ Frequently Asked Questions ❓
What is LIC Jeevan Labh Policy?
LIC Jeevan Labh is a limited premium endowment plan where you pay premiums for a limited period but get coverage till maturity. It offers guaranteed returns with bonus and final additional bonus.
How is the maturity amount calculated?
Maturity Amount = Basic Sum Assured + Accumulated Simple Reversionary Bonus + Final Additional Bonus (if any). The bonus is declared annually and accumulates over the policy term.
When can I surrender my LIC Jeevan Labh policy?
You can surrender your policy after completing 2 full policy years. The surrender value includes guaranteed surrender value and bonus surrender value, but may result in financial loss.
What are the tax benefits of LIC Jeevan Labh?
Premiums paid are eligible for tax deduction under Section 80C up to ₹1.5 lakhs per year. The maturity amount and death benefit are tax-free under Section 10(10D).
Is loan facility available on LIC Jeevan Labh?
Yes, loan facility is available after completion of 2 policy years. The loan amount depends on the surrender value and is subject to LIC’s terms and conditions.