LIC Jeevan Labh Calculator (Plan 736, Table 936 & 836) — Maturity, Bonus & XIRR
LIC Jeevan Labh (Modified Plan 736 / Legacy Table 936 & 836) is a non-linked, participating, limited-premium endowment plan where policyholders pay premiums for only 10, 15, or 16 years while enjoying full life cover and annual reversionary bonus accrual across the entire 16, 21, or 25-year policy term, culminating in a lump-sum maturity payout of Basic Sum Assured plus Simple Reversionary Bonuses and Final Additional Bonus (FAB).
LIC Jeevan Labh Maturity, Bonus & XIRR Calculator
Official 16/10, 21/15 & 25/16 limited-pay maturity engine with Simple Reversionary Bonus, FAB slabs & Section 10(10D) tax audit
Minimum ₹2,00,000 under Plan 736/936. Bonuses & FAB are calculated per ₹1,000 of Basic Sum Assured.
Policy matures at Age 51 (21-Year Term).
You pay for 15 years and enjoy 6 years of zero-premium holiday while bonuses continue accruing every year.
100% Tax-Exempt under Section 10(10D): Annual premium is within the ₹5,00,000 aggregate ceiling and below 10% of Basic Sum Assured.
Year-by-Year Premium, Bonus, Death Cover & Loan Schedule
Notice how annual premiums drop to ₹0 after Year 15, while ₹₹50,000 bonus still vests every year until Year 21.
| Policy Yr (Age) | Annual Premium | Cumulative Paid | Vested Bonus | FAB Loyalty | Death Cover | Surrender / Maturity | 90% Policy Loan |
|---|---|---|---|---|---|---|---|
| Yr 1 (31y) | ₹52,008 | ₹52,008 | ₹50,000 | — | ₹10,50,000 | ₹32,667 | ₹29,400 |
| Yr 2 (32y) | ₹52,008 | ₹1,04,016 | ₹1,00,000 | — | ₹11,00,000 | ₹66,853 | ₹60,168 |
| Yr 5 (35y) | ₹52,008 | ₹2,60,040 | ₹2,50,000 | — | ₹12,50,000 | ₹2,03,600 | ₹1,83,240 |
| Yr 10 (40y) | ₹52,008 | ₹5,20,080 | ₹5,00,000 | — | ₹15,00,000 | ₹5,65,800 | ₹5,09,220 |
| Yr 15 (45y) | ₹52,008 | ₹7,80,120 | ₹7,50,000 | ₹20,000 | ₹17,70,000 | ₹11,79,263 | ₹10,61,337 |
| Yr 16 (46y)Free Holiday | ₹0 (Paid-Up Holiday) | ₹7,80,120 | ₹8,00,000 | ₹20,000 | ₹18,20,000 | ₹12,95,437 | ₹11,65,893 |
| Yr 21 (51y)Maturity | ₹0 (Paid-Up Holiday) | ₹7,80,120 | ₹10,50,000 | ₹1,00,000 | ₹21,50,000 | ₹21,50,000 | — |
How LIC Jeevan Labh Maturity & Bonus is Calculated (Official Rules & Guidelines)
Unlike regular endowment policies where you pay premiums every year until maturity, LIC Jeevan Labh (UIN: 512N304V03) features a built-in 6-year to 9-year premium holiday. Even after your premium paying term (PPT) ends, your policy continues to earn annual bonuses until the final maturity date:
Under Notification No. 16/2025-Central Tax (Rate) issued after the 56th GST Council meeting, individual life insurance premiums are 100% exempt from GST (0%). Both newly purchased Plan 736 policies and renewal installments on older Plan 936/836 bonds save 4.5% (Year 1) and 2.25% (Renewal) immediately.
LIC reduces your tabular base premium through two statutory discounts: a Mode Rebate of 2% of tabular premium for Yearly payment (1% for Half-Yearly), and a High Sum Assured Rebate of ₹1.25/₹1k (for ₹5L–₹9.9L BSA), ₹1.50/₹1k (₹10L–₹14.9L), and ₹1.75/₹1k (₹15L and above).
In the event of unfortunate death at any point during the policy term (including during the zero-premium holiday years), the nominee receives Sum Assured on Death (higher of 100% Basic Sum Assured or 7 times annualized premium, subject to minimum 105% of total premiums paid) plus 100% of vested Simple Reversionary Bonuses and applicable FAB.
For policies issued on or after April 1, 2023, maturity proceeds are 100% tax-free under Section 10(10D) if your aggregate annual premium across traditional policies does not exceed ₹5,00,000. Above ₹5L annual premium, net gains are taxed at slab rates under Section 56(2)(xiii).
Realistic Worked Examples (FY 2026–27 Official Bonus & FAB Rates)
₹10,00,000 Basic Sum Assured for a 30-Year-Old Professional
- Policy Term / Premium Paying Term:21 Years / Pay Only 15 Years
- Zero-Premium Holiday Window:Years 16 to 21 (6 Years Free)
- Annual Premium (0% GST + Rebates):₹52,008 / year
- Total Premiums Paid (15 Years):₹7,80,120
- Accrued Bonus (₹50/1k × 1,000 × 21 Yrs):+ ₹10,50,000
- Final Additional Bonus (FAB @ ₹100/1k):+ ₹1,00,000
- Tax-Free Maturity at Age 51:₹21,50,000 (5.84% IRR)
₹20,00,000 Basic Sum Assured for a 28-Year-Old Investor
- Policy Term / Premium Paying Term:25 Years / Pay Only 16 Years
- Zero-Premium Holiday Window:Years 17 to 25 (9 Years Free!)
- Annual Premium (0% GST + ₹1.75/1k Rebate):₹86,280 / year
- Total Premiums Paid (16 Years):₹13,80,480
- Accrued Bonus (₹54/1k × 2,000 × 25 Yrs):+ ₹27,00,000
- Final Additional Bonus (FAB @ ₹450/1k):+ ₹9,00,000
- Tax-Free Maturity at Age 53:₹56,00,000 (6.36% IRR)
Official Term Combinations, Bonus Rates & Plan 736 vs Plan 936 Comparison
| Policy Parameter | Option 1 (Short Term) | Option 2 (Balanced) | Option 3 (Max Wealth) |
|---|---|---|---|
| Policy Term (Maturity Year) | 16 Years | 21 Years | 25 Years |
| Premium Paying Term (PPT) | 10 Years | 15 Years | 16 Years |
| Zero-Premium Holiday Window | 6 Years (Yrs 11–16) | 6 Years (Yrs 16–21) | 9 Years (Yrs 17–25) |
| Entry Age Eligibility | 8 to 59 Years | 8 to 54 Years | 8 to 50 Years |
| Simple Reversionary Bonus Rate | ~₹47 per ₹1,000 BSA | ~₹50 per ₹1,000 BSA | ~₹54 per ₹1,000 BSA |
| Final Additional Bonus (FAB ≥ ₹2L) | ₹25 per ₹1,000 BSA | ₹100 per ₹1,000 BSA | ₹450 per ₹1,000 BSA |
| Surrender & Paid-Up Eligibility | Plan 736 (Post-Oct 2024): After 1 Full Policy Year • Legacy Plan 936: After 2 Full Years • Legacy Plan 836: After 3 Full Years | ||
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Frequently Asked Questions (LIC Jeevan Labh Plan 736 / 936 / 836)
What is the difference between LIC Jeevan Labh Plan 736, Plan 936, and Plan 836?
All three table numbers refer to LIC’s flagship limited-premium endowment policy, Jeevan Labh, across different regulatory eras. Table 836 was the original version launched in 2016; Table 936 was introduced in February 2020; and Modified Plan 736 (UIN: 512N304V03) is the active version launched on October 1, 2024 under IRDAI’s revised product regulations. Under Plan 736, the minimum Basic Sum Assured is ₹2,00,000 and policies acquire a guaranteed/special surrender value and paid-up status after completing just 1 full policy year (compared to 2 years in Plan 936 and 3 years in Plan 836).
Do I still earn annual bonuses during the 6 or 9 years when I stop paying premiums in Jeevan Labh?
Yes. This is the core financial advantage of LIC Jeevan Labh’s limited premium structure. Even though you pay premiums for only 10 years (in the 16-year term), 15 years (in the 21-year term), or 16 years (in the 25-year term), your policy remains in full force for the entire policy tenure. LIC declares and vests Simple Reversionary Bonuses per ₹1,000 Basic Sum Assured for all 16, 21, or 25 years—including the 6 to 9 years of zero-premium holiday.
Is GST applicable on LIC Jeevan Labh premiums in FY 2026–27?
No. Effective September 22, 2025, under Notification No. 16/2025-Central Tax (Rate) following the 56th GST Council meeting, individual life insurance policies (including endowment plans like LIC Jeevan Labh Plan 736 and renewal premiums on existing Plan 936/836 bonds) attract 0% GST. Previously, policyholders paid 4.5% GST in the first year and 2.25% GST from the second year onwards.
How much maturity amount will I get for ₹10 Lakh Sum Assured in LIC Jeevan Labh (21-Year Term / 15-Year Pay)?
For a Basic Sum Assured (BSA) of ₹10,00,000 under the 21-year policy term (15-year PPT) at an entry age of 30, you pay approximately ₹50,700 per year for 15 years (total investment ~₹7,60,500 at 0% GST). At a declared Simple Reversionary Bonus rate of ₹50 per ₹1,000 BSA, you accrue ₹50,000/year × 21 years = ₹10,50,000 in reversionary bonuses, plus ₹1,00,000 as Final Additional Bonus (FAB @ ₹100/1k), resulting in a tax-free maturity lump sum of ₹21,50,000 at Age 51 (an effective XIRR of ~5.98% p.a.).
Is the maturity payout of LIC Jeevan Labh 100% tax-free under Section 10(10D)?
Under Section 10(10D) of the Income Tax Act for FY 2026–27 (AY 2027–28), the maturity proceeds of LIC Jeevan Labh are 100% tax-exempt provided two statutory conditions are met: (1) the annual premium does not exceed 10% of the Basic Sum Assured, and (2) for policies issued on or after April 1, 2023, your aggregate annual premium across all non-ULIP traditional life insurance policies does not exceed ₹5,00,000. If annual premiums exceed ₹5,00,000, the net maturity gain (Maturity minus Total Premiums Paid) is taxed at your slab rate under Section 56(2)(xiii). Death claim proceeds remain 100% tax-free without any monetary ceiling.
What is the real Internal Rate of Return (XIRR) of LIC Jeevan Labh compared to PPF or Mutual Fund SIP?
Across its three term combinations, LIC Jeevan Labh delivers an effective tax-free Internal Rate of Return (XIRR) between 5.55% and 6.35% p.a. (with the 25-year term / 16-year PPT yielding the highest XIRR due to the ₹450 per ₹1,000 Final Additional Bonus and 9-year premium holiday). While Public Provident Fund (PPF) offers 7.10% p.a. and Nifty 50 equity SIPs historically average ~12% CAGR, Jeevan Labh bundles sovereign-guaranteed life insurance cover (Section 37 of the LIC Act, 1956) where the full Sum Assured plus vested bonuses is paid immediately on unfortunate death.
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