LIC Jeevan Labh (736) — Premium, Benefits & Calculator
LIC Jeevan Labh (736) is a limited-premium endowment: you pay for fewer years than the policy runs, then simply wait for a guaranteed maturity lump sum plus bonuses. See your exact premium below.
Calculate my premium →About LIC Jeevan Labh (736)
LIC Jeevan Labh is a participating, non-linked, limited-premium endowment plan. Its appeal is the short paying period: for a 16-year policy you pay for 10 years, for 21 years you pay for 15, and for 25 years you pay for 16 — yet cover and bonus accrual continue for the full term.
On maturity you receive the Basic Sum Assured with vested bonuses and any Final Additional Bonus. It suits people who want to finish paying early (before retirement, for example) while keeping a long savings horizon.
Key details at a glance
| Plan type | Participating Endowment (Limited Premium) |
| Entry age | 8 to 59 years |
| Policy term | 16 to 25 years |
| Minimum sum assured | ₹ 2,00,000 |
| GST on premium | Nil (exempt from 22 Sep 2025) |
Benefits
- Limited premium payment: pay for 10, 15 or 16 years for policy terms of 16, 21 or 25 years respectively.
- Maturity benefit: Basic Sum Assured + vested Simple Reversionary Bonuses + Final Additional Bonus.
- Death benefit: Sum Assured on Death (higher of 7 times annualised premium or the Basic Sum Assured) plus vested bonuses, at least 105% of premiums paid.
- Loan and rider options are available for liquidity and extra protection.
How much is the premium?
The premium depends on your age, the term or paying period you choose, and the sum assured. The figures here come from LIC’s own official rate tables, so they match LIC’s quotation to the rupee.
Frequently asked questions
What terms does Jeevan Labh offer?
Policy terms of 16, 21 or 25 years, with premium-paying terms of 10, 15 and 16 years respectively.
What is the minimum sum assured?
₹2,00,000, with no upper limit (subject to underwriting).
Who is Jeevan Labh best for?
People who want to stop paying premiums relatively early while keeping a longer savings and cover period.
Is the premium shown final?
It is LIC’s official tabular premium; individual life premiums are GST-exempt from 22 Sep 2025, so no tax is added.
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Disclaimer: BimaJaano is an independent tool and is not affiliated with the Life Insurance Corporation of India. Premium figures are based on LIC’s published tabular rates and are for guidance; benefit descriptions are summaries of the plan’s official terms. Confirm exact figures and features with LIC before buying.