Jeevan Labh Plan 736
Jeevan Labh Plan 736: LIC of India new plan launched on 1st. October 2024 which name is LIC Jeevan Labh Plan 736 (LIC Table no. 736) is a traditional plan which means not related to market. Jeevan Labh Plan 736 is a combination of insurance and savings. You can buy now online LIC Jeevan Labh plan 736 easily through credit card/debit card, net banking, upi and wallets on our LIC’s New Business Platform.
Why Indians Prefer LIC Jeevan Labh
When it comes to long-term financial planning, Indian families trust LIC (Life Insurance Corporation of India) more than any other insurer. The reason? LIC offers guaranteed returns + life insurance protection, making it a safe choice for savings and security.
Among LIC’s plans, the Jeevan Labh Plan 736 is one of the most popular because:
- It offers limited premium payment (you don’t pay for the entire term).
- It ensures guaranteed lump sum maturity + bonuses.
- It provides financial security for family + wealth creation for future goals.
If you are looking for a plan for children’s education, marriage, or retirement planning, LIC Jeevan Labh is a strong option.
What is LIC Jeevan Labh Plan 736?
The LIC Jeevan Labh Plan 736 is a non-linked, with-profits, limited premium paying endowment plan.
That means:
- It is not linked to stock market, so returns are stable.
- You pay premium for a limited number of years, but stay covered till maturity.
- It provides life cover + savings + bonuses together.
Key Features of LIC Jeevan Labh Plan 736
| Feature | Details |
|---|---|
| Plan Type | Endowment + Limited Premium |
| Plan Number | 736 |
| Entry Age | 8 – 59 years |
| Policy Term | 16, 21, or 25 years |
| Premium Paying Term | 10, 15, or 16 years (depending on term) |
| Minimum Sum Assured | ₹2,00,000 |
| Maximum Sum Assured | No Limit |
| Premium Payment Modes | Yearly, Half-Yearly, Quarterly, Monthly (ECS) |
| Loan Facility | Available |
| Surrender Value | Available after 2 years |
| Bonuses | Simple Reversionary Bonus + Final Additional Bonus |
Benefits of LIC Jeevan Labh
1. Maturity Benefit
On surviving the policy term, the policyholder gets:
👉 Sum Assured on Maturity + Bonus + Final Additional Bonus (FAB).
2. Death Benefit
If the policyholder dies during the term, nominee gets:
👉 Sum Assured on Death + Bonus + FAB.
This ensures family financial protection.
3. Bonus Benefits
- Simple Reversionary Bonus declared annually.
- Final Additional Bonus paid at maturity or death.
4. Loan Facility
Loan available against policy after 2 years of premium payment.
5. Tax Benefits
- Premiums qualify for deduction under Section 80C.
- Maturity benefits are tax-free under Section 10(10D).
Example – LIC Jeevan Labh Premium & Benefits
Case Study: Mr. Rajesh (Age 30) buys Jeevan Labh 736.
- Sum Assured: ₹10,00,000
- Policy Term: 21 years
- Premium Paying Term: 15 years
- Annual Premium: ~₹48,000 (approx.)
Payout Illustration
| Event | Benefit | Approx. Amount |
|---|---|---|
| If Policyholder Survives 21 Years | Maturity Benefit (SA + Bonus + FAB) | ~₹22,50,000 |
| If Policyholder Dies in 10th Year | Death Benefit (SA + Bonus) | ~₹14,00,000 |
👉 In both cases, family is financially secure.
Investor Scenarios
Scenario 1 – Young Professional (Age 28)
Pays premium for 15 years, receives maturity lump sum at age 49. Can be used for child’s higher education.
Scenario 2 – Middle-aged Businessman (Age 45)
Chooses 16-year term. Pays premium till 61, gets maturity at 61. Perfect for retirement fund.
Scenario 3 – Parents Planning for Daughter’s Marriage
Buy Jeevan Labh when daughter is 5 years old. By age 25, they receive lump sum maturity for marriage expenses.
Analyst Insights on LIC Jeevan Labh
- Insurance Experts: “LIC Jeevan Labh is one of the best limited premium plans because you don’t need to pay for the whole term, but benefits continue till maturity.”
- Financial Planners: “This plan is suitable for conservative investors looking for guaranteed savings + family protection.”
- Investor Sentiment: “Though IRR (returns) are 6–7%, the stability, bonuses, and tax benefits make it attractive for long-term planning.”
Real-Life Investor Examples
Example 1 – Child’s Education Fund
Mr. Anil invested ₹15,000 yearly for 21 years. At maturity, he received ~₹7.5 lakh. This amount funded his son’s engineering college fees.
Example 2 – Retirement Planning
Mrs. Sunita (Age 40) bought Jeevan Labh with ₹20 lakh SA. At maturity (age 65), she received ~₹45 lakh, helping her secure a comfortable retirement.
Comparison – LIC Jeevan Labh vs Other Plans
| Plan | Best Feature | Premium Payment | Returns | Suitable For |
|---|---|---|---|---|
| Jeevan Labh (736) | Limited Premium | 10–16 years | 6–7% | Family + Goals |
| Jeevan Lakshya (733) | Annual Income Benefit | Policy Term – 3 yrs | 6–7% | Child Education |
| Jeevan Anand (915) | Lifetime Cover after Maturity | Full term | 6–7% | Legacy Planning |
👉 Jeevan Labh is best for those who want limited premium payment + lump sum at maturity.
Strengths & Limitations
Strengths ✅
- Limited premium payment.
- Guaranteed maturity + bonuses.
- Loan & surrender available.
- Ideal for children’s education, marriage, retirement.
Limitations ❌
- Returns moderate (not like equity or ULIP).
- Requires long-term commitment.
FAQs – LIC Jeevan Labh Plan 736
Q1. What is unique about Jeevan Labh?
👉 Limited premium paying term + high maturity benefits.
Q2. Is it good for child education?
👉 Yes, because lump sum at maturity can be timed with child’s college years.
Q3. Can NRIs buy this plan?
👉 Yes, subject to LIC guidelines.
Q4. What is the minimum premium?
👉 Depends on SA, but usually starts around ₹2,000 monthly.
Q5. Is the maturity amount tax-free?
👉 Yes, under Section 10(10D).
Final Thoughts – Should You Buy LIC Jeevan Labh 736 in 2025?
The LIC Jeevan Labh Plan 736 is an excellent choice for those who want:
- Insurance protection + Savings
- Limited premium payment (only 10–16 years)
- Guaranteed maturity with bonuses
- Tax benefits
It may not give stock-market-like returns, but it provides peace of mind, security, and assured future wealth.
👉 If your goals are child’s education, marriage, or retirement planning, LIC Jeevan Labh is a must-consider plan in 2025.
