LIC Jeevan Labh 836 Premium and Maturity Calculator

LIC Jeevan Labh 836 is one of the top-selling plans of LIC. The plan participates in the profits of the company, which entitles policyholders to bonuses along with assured benefits. Now, with digital tools like online calculators, one can easily estimate the premium payable against the chosen sum assured. For instance, LIC Jeevan Labh 836 Premium and Maturity Calculator is now available on LIC’s official website that you can use to make an informed decision.

Read more
Best Investment Options
  • Save upto ₹46,800 in tax under Sec 80C

  • Inbuilt Life Cover

  • Tax Free Returns Unlike FD

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Get Guaranteed returns along with life cover
invest in 100% Guaranteed Return Plans Tax benefits under sec 80C & No Tax on returns*
View Plans
Please wait. We Are Processing..
Plans available only for people of Indian origin By clicking on "View Plans", you agree to our Privacy Policy and Terms of Use #For a 55 year on investment of 20Lacs #Discount offered by insurance company Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp

Highlights of LIC’s Jeevan Labh 836

Please note that LIC Jeevan Labh 836 was withdrawn by the company; LIC has come up with an updated version of the same plan, LIC Jeevan Labh (Plan-936).

The policy is a non-linked, endowment-based, limited premium paying insurance scheme. It offers financial support to the life assured’s family in case of her/his unfortunate demise. Further, it also acts as a savings avenue through which policyholders can avail of the maturity benefit at the end of the policy term.

Features of LIC’s Jeevan Labh 836

  • The death benefit is equal to the absolute sum assured or 10 times the annual premium payable, whichever is higher.

  • The maturity benefit that the life assured is entitled to, is payable by LIC as a lump sum amount.

  • If you need urgent capital, you can avail of the loan facility that comes with LIC Jeevan Labh 836 insurance policy.

  • The policy comes with two additional riders, viz. LIC’s New Term Assurance Rider and LIC’s Accidental Death and Disability Benefit Rider. 

About LIC’s Jeevan Labh 836 Premium and Maturity Calculator 

The advent of digital technology has made the lives of insurance buyers significantly better.  The official website of LIC features a host of online tools that have made it easier for buyers to process claims, make online payments, etc. Further, you can keep track of your policy online from the comfort of your home.

Factors Considered by LIC Jeevan Labh 836 Premium Calculator

So, LIC Jeevan Labh 836 Premium Calculator uses several factors to estimate the premium payable against the sum assured accurately. These are:

  • Policy Term - Policyholders have the option to choose from a policy term of 16 years, 21 years, or 25 years based on their life coverage requirements.

  • Premium Payment Term – The term of premium payment depends on the term of the policy chosen at the time of policy inception. If you choose a policy term of 16 years, the corresponding premium payment will be 10 years. Similarly, for a policy term of 21 years, or 25 years, the premium payment terms of 15 years and 16 years, respectively. 

  • Sum Assured - While there is no limit to the maximum amount that one can assure, the minimum sum assured has been set at Rs.2 Lakhs.

How to Use LIC’s Jeevan Labh 836 Premium Calculator?

As mentioned above, the online premium and maturity calculator requires users to fill in certain policy-related criteria. In addition, you will also need to provide personal details such as your age, date of birth, etc. 

The LIC Jeevan Labh 836 Premium and Maturity Calculator offers you two options - you can either choose to calculate the premium against the sum assured or choose your premium amount and calculate the subsequent sum assured. 

Let’s look at the steps to use this online feature. 

  • Open the official online portal of LIC.

  • Choose ‘Insurance Plan’ from the ‘Products’ drop-down menu.

  • Click on LIC’s Jeevan Labh.

  • Click on ‘Online Premium Calculator’ from ‘LIC Online Service Portal.’

  • Fill in your name, date of birth, gender, age, and contact details.

  • You will have the option to get a ‘Quick Quote’ or ‘Compare Quotes.’

  • You can choose to base the calculations on the coverage amount or the premium amount.

The resulting page should be an accurate representation of the premium amount payable or the maturity benefit one is entitled to. If you scroll to your right, you can see yearly, half-yearly, quarterly, monthly premiums, and pick whichever option fits your budget. 

Another important pointer to keep in mind is that the bonus rates are subject to change based on the profits earned by the company in a financial year. Therefore, the maturity benefit may change as and when you purchase the LIC Jeevan Labh 836 insurance policy.

Why Should You Use LIC Jeevan Labh 836 Maturity Calculator? 

There are several benefits of using LIC Jeevan Labh 836 Maturity and Premium Calculator, such as:

  • Given its online availability, anyone can access the tool from the comfort of their homes, which saves a significant amount of time.

  • The tool eliminates the need for third-party mediators, which does not lead to any miscommunication on premium quotes.

  • LIC does not charge any fee, and therefore people belonging to any income bracket can make use of the calculator. 

  • LIC Jeevan Labh Maturity Calculator is featured on the official website of the company, which is a good indicator of its reliability. 

  • The tool calculates the premium and the benefit amount based on individual aspects of each buyer and is therefore fairly versatile. 

  • The results offered are prompt and accurate, which is unlikely should you choose to visit a branch or use other offline modes.

  • LIC Jeevan Labh 836 Premium Calculator offers flexibility in switching between various insurance schemes and even comparing quotes based on the available options.

Wrapping Up!

The process of buying insurance earlier was loaded with a multitude of problems that used to result in longer timelines. Now the advent of online tools such as these has considerably reduced the time required, in addition to being hassle-free. LIC Jeevan Labh 836 Premium and Maturity Calculator gives instant results and accurate estimations inclusive of taxes. You should make use of the tool and make an informed decision.

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

LIC of India articles

Recent Articles
Popular Articles
Why LIC Jeevan Labh is a Preferred Choice Among Young Indians?

04 May 2022

LIC, one of the largest insurers of India offers a wide range of...
Read more
LIC Accidental Death Benefit Rider

05 Apr 2022

Riders in insurance are meant to provide extra coverage on top...
Read more
LIC Premium Waiver Benefit Rider

05 Apr 2022

Optional benefits with your LIC policy can help you provide more...
Read more
LIC Savings Plans

05 Apr 2022

LIC savings plans come with insurance protection as well as...
Read more
LIC Plan No. 815 - LIC’s New Jeevan Anand

05 Apr 2022

LIC’s New Jeevan Anand was designed to offer a combination of...
Read more
Surrendering LIC Policy Before Maturity Time: Your Guide!
Life insurance Corporation of India is one of the most prominent insurance companies and they have an...
Read more
How to Check the Maturity Amount of LIC Policies?
Life Insurance Corporation of India is one of the leading public companies in the service of insurance plans. And...
Read more
Is there any LIC Kanyadan Policy?
First and foremost, there is no such plan called the LIC Kanyadan Policy launched by the Life Insurance...
Read more
LIC Online Payment Offers
Gone are the days when you have to pay premium amounts of your LIC insurance through agents or other related...
Read more
Life Insurance Corporation of India (LIC of India)
Life Insurance Corporation of India (LIC of India) Life Insurance Corporation of India or LIC of India is a...
Read more
Download the Policybazaar app
to manage all your insurance needs.