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LIC jivan Labh policy details
The LIC Jeevan Labh Plan 936 is a life insurance + savings (endowment) policy offered by Life Insurance Corporation of India. It provides financial protection for family and a lump-sum amount at maturity. (PunitShet.com)
Below are the main details of LIC Jeevan Labh Policy:
1️⃣ Policy Type
Non-linked (not related to stock market)
With-profits plan (bonus added every year)
Limited premium paying endowment plan (LIC India -)
2️⃣ Policy Term & Premium Paying Term
| Policy Term | Premium Paying Term |
|---|---|
| 16 years | 10 years |
| 21 years | 15 years |
| 25 years | 16 years |
You pay premium for a limited period, but the policy continues until maturity.
3️⃣ Eligibility
Minimum entry age: 8 years
Maximum entry age: about 59 years
Maximum maturity age: 75 years
Minimum sum assured: ₹2,00,000
Maximum sum assured: No limit (depends on income) (LIC India -)
4️⃣ Death Benefit
If the policyholder dies during the policy term, the nominee receives:
Higher of:
Basic Sum Assured
7–10 times annual premium
105% of total premiums paid
+ Accumulated bonus
+ Final additional bonus (if declared) (PunitShet.com)
5️⃣ Maturity Benefit
If the policyholder survives till maturity, they receive:
**Basic Sum Assured
Reversionary Bonus
Final Additional Bonus** (PunitShet.com)
The payment is usually given as lump sum.
6️⃣ Tax Benefits
Premium eligible for Section 80C deduction
Maturity amount tax-free under Section 10(10D) (LIC Branches in India)
7️⃣ Loan & Surrender
Loan available after 2 years of premium payment
Policy can be surrendered after paying minimum premiums (usually 2–3 years) (LIC India -)
✅ Suitable for:
Child education planning
Marriage planning
Long-term savings with insurance protection (LIC Branches in India)
💡 Example (simple idea)
If you take ₹10 lakh sum assured for 21 years, you may receive:
₹10 lakh basic sum assured
bonuses accumulated over years
Total maturity could be ₹16–25 lakh approx (depends on bonus rate).
✔️ If you want, I can also explain:
LIC Jeevan Labh maturity calculator (with example)
How much you get for ₹5 lakh or ₹10 lakh policy
Whether this policy is good or not in 2026.
