Jeevan Labh Plan 936
LIC of India new plan launched on 1st. February 2020 which name is LIC Jeevan Labh Plan 936 (LIC Table no. 936) is a traditional plan which means not related to market. Jeevan Labh Plan 936 is a combination of insurance and savings. You can now buy online LIC Jeevan Labh plan 936 easily through credit card/debit card, net banking, upi and wallets on our LIC’s New Business Platform.
When it comes to financial planning, Indians prefer security, long-term wealth creation, and guaranteed insurance cover. The Life Insurance Corporation of India (LIC) has been the most trusted insurer for decades, and among its many policies, LIC Jeevan Labh Plan 936 is a popular choice.
Why? Because it’s a limited premium, endowment plan that provides:
- Life cover
- Lump sum maturity benefit
- Bonus participation
- Tax advantages
Unlike term insurance (pure protection) or market-linked ULIPs, Jeevan Labh combines protection and savings in a simple, no-nonsense way.
What is LIC Jeevan Labh Plan 936?
LIC Jeevan Labh (Table No. 936) is a non-linked, participating, limited premium paying endowment plan. This means:
- You don’t have to pay premiums throughout the policy term.
- The policy participates in LIC’s profits, earning bonuses.
- It offers insurance coverage + guaranteed maturity benefits.
In short: It’s an ideal plan for people who want shorter premium payments but long-term benefits.
Key Features of LIC Jeevan Labh 936
- ✅ Limited Premium – Pay premiums for 10, 15, or 16 years only.
- ✅ Policy Term Options – 16, 21, or 25 years.
- ✅ Maturity Benefit – Sum Assured + Bonuses + Final Additional Bonus.
- ✅ Life Cover – Financial protection in case of death during the term.
- ✅ Loan Facility – Available after 2 years.
- ✅ Participation in Profits – Eligible for annual bonuses.
- ✅ Tax Benefits – Premium under Section 80C, Maturity under 10(10D).
Eligibility Criteria
| Parameter | Details |
|---|---|
| Minimum Entry Age | 8 years |
| Maximum Entry Age | 59 years (for 16-year term), 54 years (21-year term), 50 years (25-year term) |
| Maximum Maturity Age | 75 years |
| Minimum Sum Assured | ₹2,00,000 |
| Maximum Sum Assured | No Limit (in multiples of ₹10,000) |
| Premium Payment Term | 10, 15, or 16 years |
| Policy Term Options | 16, 21, 25 years |
Benefits of LIC Jeevan Labh Plan 936
1. Death Benefit
If the policyholder dies during the policy term, nominee receives:
- Sum Assured on Death + Bonuses + Final Additional Bonus (if any).
- Minimum Death Benefit is 10 times the annual premium.
2. Maturity Benefit
At maturity, policyholder receives:
- Sum Assured + Bonuses + Final Additional Bonus.
3. Bonus Benefits
- Simple Reversionary Bonus – Declared annually.
- Final Additional Bonus – Payable at maturity/death (if applicable).
4. Loan Facility
Available after 2 years of premium payment.
5. Tax Benefits
- Premiums qualify under Section 80C.
- Maturity/death proceeds are tax-free under Section 10(10D).
Example – How LIC Jeevan Labh 936 Works
| Details | Example |
|---|---|
| Age | 30 years |
| Policy Term | 25 years |
| Premium Payment Term | 16 years |
| Sum Assured | ₹10,00,000 |
| Annual Premium | ₹42,000 approx. |
Benefits
- Maturity Amount = Sum Assured (₹10 lakh) + Bonuses (approx. ₹9–11 lakh)
- Total Maturity = ₹19–21 lakh (approx.)
👉 So, investment of ~₹6.7 lakh in premiums gives maturity of ~₹20 lakh with life cover.
Why Investors Prefer LIC Jeevan Labh 936
- Limited Premiums, Long-Term Benefits – Pay for a few years, enjoy benefits for decades.
- Life Cover + Savings – Protection for family + guaranteed maturity.
- Bonus Advantage – LIC’s long-term profit-sharing ensures extra growth.
- Safe Investment – No market risk, suitable for conservative investors.
- Tax Savings – Dual benefit under 80C and 10(10D).
Investor Scenarios & Case Studies
Scenario 1 – Young Professional (Age 28)
- Sum Assured: ₹5 lakh
- Premium: ₹20,000 annually (for 16 years)
- At maturity (25 years), receives ~₹10 lakh+
Insight: Ideal for wealth creation + life cover.
Scenario 2 – Parent Planning for Child’s Future (Age 40)
- Sum Assured: ₹7 lakh
- Premium: ₹30,000 annually (for 15 years)
- At maturity (21 years), receives ~₹14–15 lakh
Insight: Perfect for education/marriage fund.
Scenario 3 – Businessman (Age 50)
- Sum Assured: ₹10 lakh
- Premium: ₹55,000 annually (for 10 years)
- At maturity (16 years), receives ~₹18–19 lakh
Insight: Good for safe retirement planning.
Analyst Opinions & Expert Insights
📊 Returns (IRR): 5.5% – 6.5% approx.
💡 Strength: Safer than FDs, tax-efficient, bonus participation.
⚠️ Limitation: Lower returns compared to equity/mutual funds.
Expert Take:
LIC Jeevan Labh 936 is a risk-free, disciplined savings plan that balances protection and long-term growth. It’s best suited for risk-averse Indians, salaried professionals, and parents planning children’s milestones.
Advantages & Disadvantages
✅ Advantages
- Limited premium payment.
- Lump sum maturity + bonuses.
- Life cover for family security.
- Tax benefits under 80C & 10(10D).
- Loan facility available.
❌ Disadvantages
- Moderate returns (lower than equity).
- Long-term commitment required.
- Bonus rates may vary.
Comparison with Other LIC Plans
| Plan | Type | Premium Term | Maturity | Best For |
|---|---|---|---|---|
| LIC Jeevan Labh 936 | Limited Premium Endowment | 10/15/16 yrs | Lump sum + Bonus | Long-term savings + insurance |
| LIC Jeevan Anand 915 | Endowment + Whole Life | Regular | Lifetime cover + Maturity | Lifetime protection |
| LIC Jeevan Umang 945 | Whole Life + Income | Regular | Annual income + Lump sum | Retirement & pension seekers |
FAQs
Q1: What is LIC Jeevan Labh Plan 936?
Ans: It’s a limited premium paying endowment plan offering savings + life cover + bonuses.
Q2: What is the minimum premium?
Ans: Depends on age & sum assured. Usually starts from ~₹3,000 per month.
Q3: Is maturity tax-free?
Ans: Yes, under Section 10(10D).
Q4: Can I take a loan on this plan?
Ans: Yes, after 2 years of premium payment.
Q5: Who should buy this plan?
Ans: Salaried professionals, businessmen, and parents who want safe, long-term savings with insurance cover.
Conclusion – Should You Invest in LIC Jeevan Labh 936?
The LIC Jeevan Labh Plan 936 is an excellent choice if you:
- Want limited premium payments but long-term benefits.
- Prefer safe, guaranteed returns with insurance protection.
- Seek tax benefits while building disciplined savings.
It may not provide stock-market level returns, but it offers security, stability, and peace of mind—something every Indian family values.
👉 Final Verdict:
✔ A balanced, safe investment option for risk-averse Indians.
✔ Best for long-term goals like child’s education, marriage, or retirement.
✔ A must-consider policy for those who want insurance + savings in one plan.
