LIC Jeevan Labh Calculator 🧮
Plan your financial future with ease and confidence! 🚀
Instant LIC Jeevan Labh Calculator 🧠
What is LIC Jeevan Labh? 🧠
LIC Jeevan Labh (Plan 936) is a non-linked, participating endowment plan that combines savings and protection. Pay premiums for a limited period and enjoy lifelong benefits, including maturity payouts and bonuses. It’s perfect for securing your family’s future while building a financial corpus. 🌟
Core USP: Shorter Premiums, Lifelong Benefits! 🚀
Plan Summary Table 📋
| Feature | Details |
|---|---|
| Plan Type | Non-Linked, Participating, Savings Plan |
| Minimum Sum Assured | ₹2,00,000 |
| Policy Term Options | 16, 21, 25 years |
| Premium Paying Term | 10, 15, 16 years |
| Entry Age | 8–59 years |
| Maturity Age | Max 75 years |
Why Use a Jeevan Labh Calculator? 💡
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Plan Premium Budget
Know exactly how much you’ll pay annually or monthly.
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Estimate Maturity Returns
See your potential returns at 4% and 8% bonus rates.
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Compare Options Quickly
Evaluate different terms and sums assured instantly.
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Confident Decisions
Make informed choices with clear projections.
How the Calculator Works 📊
Inputs
- Age of policyholder (8–59 years)
- Basic Sum Assured (min ₹2,00,000)
- Policy Term (16, 21, or 25 years)
- Premium Payment Term (10, 15, or 16 years)
- Premium Frequency (Yearly, Half-Yearly, Quarterly, Monthly)
Outputs
- Yearly Premium
- Total Premium Paid
- Estimated Maturity Value (4% & 8% scenarios)
- Death Benefit Estimate
- Bonus Projections
Sample Calculation 📈
| Parameter | Value |
|---|---|
| Age | 30 |
| Sum Assured | ₹10,00,000 |
| Policy Term | 25 years |
| Premium Paying Term | 16 years |
| Annual Premium | ₹50,000 |
| Bonus (SRB + FAB) | ₹11,75,000 |
| ₹21,75,000 |
Use Cases & Case Studies 👨👩👧👦
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Child’s Education
Ravi, 35, invests in Jeevan Labh to secure ₹15 lakhs for his daughter’s education in 21 years. With a ₹50,000 annual premium, he expects ₹26 lakhs at maturity (8% bonus). 📚
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Retirement Corpus
Anita, 45, chooses a 16-year term to build a retirement fund. Her ₹75,000 annual premium yields ₹18 lakhs at maturity, ensuring a comfortable retirement. 🌴
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Unexpected Demise
In case of untimely demise, Sanjay’s family receives ₹10 lakhs + bonuses (₹14.4 lakhs in year 10), providing financial security. 🛡️
Maturity vs Death Benefit Explained 💰
Maturity Benefit 📈
- Basic Sum Assured: Guaranteed amount at maturity.
- Simple Reversionary Bonus (SRB): Declared annually, added to policy.
- Final Additional Bonus (FAB): One-time bonus at maturity, based on LIC’s performance.
Death Benefit 💔
- Sum Assured on Death: Higher of 7x annualized premium or Basic Sum Assured.
- Minimum 105% Rule: Death benefit ≥ 105% of total premiums paid.
- Bonuses: SRB + FAB (if any) added to payout.
Bonus Rates & Their Impact 🎁
| Rate Scenario | Estimated Maturity |
|---|---|
| 4% Bonus | ₹18,00,000 |
| 6% Bonus | ₹20,00,000 |
| 8% Bonus | ₹22,00,000+ |
Factors Affecting Returns 📉
- Bonus Declarations: LIC’s annual performance impacts SRB and FAB.
- Age & Sum Assured: Younger age and higher sums yield better returns.
- Premium Frequency: Yearly payments offer rebates, reducing costs.
- Timely Payments: Avoid lapses to maximize bonuses.
- Riders: Optional riders increase premiums but enhance coverage.
Benefits of LIC Jeevan Labh 🔒
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Protection + Savings
Secure your family while building wealth.
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Tax Benefits
Premiums deductible under 80C; maturity tax-free under 10(10D).
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Loan Facility
Borrow up to 90% of surrender value after 3 years.
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Optional Riders
Enhance coverage with accidental, disability, or term riders.
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Flexible Payouts
Choose lump sum or installments for maturity/death benefits.
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LIC Trust
Backed by India’s most trusted insurer.