Jeevan Labh Calculator: LIC 836 Maturity and Return
This Jeevan Labh calculator estimates what LIC Jeevan Labh (plan 836) pays at maturity: sum assured plus simple reversionary bonus and any final additional bonus. It compares that with the premiums paid and shows the real annual return (IRR), for the 16, 21 and 25-year terms.
By Umer Sattar Updated 21 Oct 2026
Premium depends on age and term; take it from the LIC illustration or agent quote.
Use the latest rate LIC declared for your term.
Sum assured ₹10,00,000 + bonuses over 21 years
Maturity ≈ ₹19,87,000
- Total premiums
- ₹9,30,000
- Bonus (vested)
- ₹9,87,000
- Gain over premiums
- ₹10,57,000
- Annual return (IRR)
- 5.38%
An estimate: bonuses are declared by LIC every year and are not guaranteed. GST on the premium, riders and loyalty additions are not included.
LIC Jeevan Labh 836: key parameters
| Feature | Detail |
|---|---|
| Type | Non-linked, participating, limited-premium endowment plan |
| Policy term (pay term) | 16 years (10), 21 years (15), 25 years (16) |
| Minimum basic sum assured | ₹2,00,000 (no maximum) |
| Maturity benefit | Sum assured + vested simple reversionary bonus + final additional bonus, if any |
| Death benefit | Sum assured on death (the higher of the basic sum assured or 7 × annualised premium, as per policy terms) + vested bonus + FAB |
Families in small towns from Lucknow to Madurai still buy Jeevan Labh because premiums stop well before the policy ends: pay for 15 years, stay covered for 21, and receive a lump sum at the end.
How is Jeevan Labh maturity calculated?
Maturity = Sum assured + (Sum assured ÷ 1,000 × bonus rate × years) + FAB FAB = Sum assured ÷ 1,000 × FAB rate (declared at maturity, if any)
Example: ₹10 lakh sum assured, 21-year term, an assumed bonus of ₹47 per ₹1,000 each year: bonus = 1,000 × 47 × 21 = ₹9,87,000, so maturity is about ₹19.87 lakh before FAB. Bonus and FAB rates are declared by LIC every year and are not guaranteed, so the calculator lets the latest declared rate be typed in.
Why does the calculator ask for my premium?
LIC premiums depend on age at entry, term and sum assured, from LIC's own rate tables. The exact figure is on the benefit illustration an agent gives, or on LIC's website. Entering it lets the calculator work out the true return.
What is the return percentage of Jeevan Labh?
The calculator shows the IRR, the annual return that turns the premiums into the maturity amount. For traditional endowment plans like Jeevan Labh, IRRs typically come out around 4.5–6% a year depending on bonus rates and age. That is safe and tax-efficient (maturity is generally exempt under section 10(10D) when conditions are met), but below what long-term equity or PPF has offered.
Disadvantages of Jeevan Labh
- Modest returns compared with term insurance plus separate investing.
- Low cover for the premium: the life cover is small relative to what the same money buys in a term plan.
- Poor liquidity early: surrender in the first few years returns much less than premiums paid.
- Bonuses aren't guaranteed: the final amount depends on LIC's declared rates.
Many advisers suggest comparing Jeevan Labh with a term plan plus PPF or an index fund for the same yearly amount. The calculator gives the IRR needed for that comparison.
Jeevan Labh vs Jeevan Anand
Jeevan Labh is limited-pay: premiums stop before the term ends. Jeevan Anand requires premiums for the full term but continues life cover (the sum assured) for life after maturity. Jeevan Labh suits someone who wants premiums to end at a fixed age; Jeevan Anand suits someone who values lifelong cover.
Jeevan Labh Calculator: questions people ask
How do I calculate Jeevan Labh maturity amount?
Maturity = sum assured + (sum assured ÷ 1,000 × bonus rate × policy years) + final additional bonus, if declared.
What is the return percentage of LIC Jeevan Labh?
Typically an IRR of around 4.5–6% a year, depending on bonus rates, age and term. The calculator computes it from your premium.
What are the disadvantages of Jeevan Labh?
Modest returns, low life cover for the premium, poor early surrender value and non-guaranteed bonuses.
How is Jeevan Labh different from Jeevan Anand?
Jeevan Labh has a limited premium-paying term; Jeevan Anand needs premiums for the full term but continues cover for life after maturity.
What is the minimum sum assured for Jeevan Labh?
₹2 lakh, with no upper limit.