About LIC Jeevan Labh (Plan 936)
LIC Jeevan Labh is a limited-premium endowment plan — the favourite of investors who want to finish paying early while their money keeps growing. Pay for just 10, 15 or 16 years and enjoy cover + bonus accrual for 16, 21 or 25 years.
Term & Premium Combinations
| Policy Term | Premium Paying Term | Premium-Free Years | Entry Age |
|---|---|---|---|
| 16 years | 10 years | 6 years | 8–59 |
| 21 years | 15 years | 6 years | 8–54 |
| 25 years | 16 years | 9 years | 8–50 |
Key Features of Plan 936
- Highest bonus band: approx. ₹43–₹50 per ₹1000 SA per year + FAB up to ₹450/1000 for 25-yr term
- Death benefit: higher of 125% SA or 7× annual premium + vested bonus
- Maturity: Sum Assured + Simple Reversionary Bonus + Final Additional Bonus
- Ideal for children's education planning — buy at child age 8-10, maturity funds graduation
- Tax benefits under 80C & 10(10D); loan facility after 2 years
💡 Smart move: The 25-year term (16-year payment) at a young age produces the highest maturity multiple in the entire LIC traditional portfolio. Try it in the calculator above!