LIC Jeevan Labh Calculator 936 is an online tool that helps the policyholder estimate the premium payable and the maturity amount they will receive at the time of maturity. LIC Jeevan Labh maturity calculator is a free-of-cost tool that helps the policyholder make an informed decision.Read more
LIC Jeevan Labh Calculator 936 is an online tool offered by the LIC of India. The calculator not only helps the policyholder to get an estimate of the premiums payable by the policyholder but also helps you to plan for your financial future by giving an estimate of maturity benefits.
LIC Jeevan Labh 936 premium calculator also illustrates how premiums fluctuate based on variables, predominantly age. Furthermore, potential policyholders can gain insights into the maturity benefits depending on the premium and sum assured by using the LIC Jeevan Labh maturity calculator.
You can use the LIC’s Jeevan Labh premium calculator to get an accurate idea of the premium amount payable for your LIC Jeevan Labh Policy. The online tool takes into consideration your age, the policy term, and the sum assured to offer you the best estimate on the premium amount. Further, you have the option of adding various riders, and the LIC’s Jeevan Labh premium and benefit calculator will reflect the total premium payable and the corresponding maturity benefit receivable.
Below is the step-by-step procedure for using LIC Jeevan Labh Maturity Calculator:
Visit the official website of LIC.
From the 'Products' drop-down menu, choose 'Insurance Plan'.
On the resulting page, click ‘LIC’s Jeevan Labh’ among the listed products.
Under the ‘LIC Online Service Portal’ menu, click ‘Premium Calculator.
Fill in your name, date of birth, age, gender, and contact details in the LIC Jeevan Labh Calculator.
Once the details have been fed, you will see the option to either get a ‘Quick Quote’ or to ‘Compare Quotes.
The calculation is done based on the Coverage or the Premium, as opted for by you.
Based on your requirements, the following details have to be filled in when using the LIC Jeevan Labh maturity calculator:
Policy Term - Please note that with LIC’s Jeevan Labh 936, you can choose from 3 different policy term options, viz. 16 years, 21 years, and 25 years.
Premium Paying Term - The corresponding premium paying terms are 10 years, 15 years, and 16 years. For instance, if you choose a policy term of 16 years, the premium paying term will be 10 years.
Sum Assured - The minimum sum assured is Rs.2 Lakhs. There is no cap on the maximum amount that you can assure.
Once you fill in all the details, the results should accurately indicate the premium amount and the maturity benefit. You can scroll to see the premiums payable yearly, half-yearly, quarterly, or monthly and pick whichever option fits your budget.
Please note that the bonus rates that apply to the maturity benefit are subject to company profits and, therefore, may change in the future when you purchase the plan.
Below mentioned are some of the benefits of using LIC Jeevan Labh Premium and Maturity calculator:
Online Availability: LIC Jeevan Labh Calculator for premium and maturity calculation is an online tool, which means anybody can use it from the comfort of their home.
Free of Cost: LIC offers the LIC Jeevan Labh Calculator 936 tool for free, meaning that people belonging to any income bracket can make use of the calculator.
Reliability: LIC Jeevan Labh Maturity Calculator is featured on the official website of the company, which goes on to demonstrate its reliability.
Versatility: LIC Jeevan Labh Calculator factors in individual aspects such as age and presents specific results according to the options chosen by each buyer.
Instant Results - Once you input the details requested, you do not have to wait around for the results. The LIC Jeevan Labh Calculator 936 offers prompt and accurate responses, which is unlikely when done manually.
Accuracy - Given that the LIC’s Jeevan Labh premium and maturity calculator take into consideration the policy term and the sum assured option chosen by each person, it offers the most accurate results.
Compare Quotes - The LIC’s Jeevan Labh maturity calculator offers you the option to compare quotes with other plans and helps you make the best choice.
Flexibility - You have the flexibility to switch between various options and observe for yourself how the premiums vary.
LIC's Jeevan Labh premium calculator is a valuable tool for prospective policyholders. It offers the ability to estimate premiums associated with chosen sum assured amounts while also showcasing the impact of age on premium variations. Additionally, the LIC Jeevan Labh calculator provides insights into potential maturity benefits, affording users a comprehensive understanding of the relationship between premiums, sum assured, and eventual benefits.
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*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
+Returns Since Inception of LIC Growth Fund
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