LIC Jeevan Labh Plan (836) Details

LIC Jeevan Labh Plan (836) Details about:reader?url=http://www.insurance21.in/lic-jeevan-labh-plan-836.
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LIC Jeevan Labh Plan (836) Details

17-22 minutes
LIC Jeevan Labh (Table No 836) is a non-linked ( Not dependent

on share market) limited premium paying endowment assurance
plan which means premium paying term is less than policy term
for example, if policy term 16 has been selected then premium
will be paid for 10 years only and maturity will be paid after
completion of 16 years. The benefit illustration given in this
example is based on simple reversionary bonus declared for
2015-16 (Latest).
Key Features
High Bonus Attracting Plan
Premiums need to be paid for less number of years than Maturity

year
Ideal Plan for planning Child's Education and Marriage
Options to avail accidental benefit and term riders
Paid premiums are exempted from income tax under 80C
Maturity amount is tax free under 10 (10D)
Plan Parameters
Minimum Age at Entry 8 Years (Completed)

Maximum Age at Entry 59 Years for 16 Year Term
1 of 12 12/28/2017, 12:04 PM
LIC Jeevan Labh Plan (836) Details about:reader?url=http://www.insurance21.in/lic-jeevan-labh-plan-836.php
54 Years for 21 Year Term

50 Years for 25 Year Term
Calculate Age
Yearly, Half Yearly, Quarterly, Monthly
Premium Paying Mode (ECS Only)
Calculate Your Premium
Policy Term (Premium
16(10), 21(15), 25(16)
Payment Term)
2,00,000 and above (in multiple of
Basic Sum Assured
10,000)
Premium Payment 2% on yearly, 1% on Half Yearly, Nil on
Mode rebate Quarterly & Monthly
Rebate on High Sum 0% up to 4,90,000

Assured 1.25% for 5,00,000 to 9,90,000
(Per 1000 of Sum 1.50% for 10,00,000 to 14,90,000
Assured) 1.75% for 15,00,000 and above
Loan After 3 years
After 3 years of full premium payment [
Surrender
Surrender Value Calculator]
Maturity Benefit
On completion of policy term, Sum Assured + Bonus + Final

Addition Bonus will be paid as maturity.
Death Benefit
In case of death during policy term of the plan, Bonus up to year

of death & FAB along with Sum Assured will be paid as Death
claim to Policy holder's nominee.
Jeevan Labh (836) with an Example
2 of 12 12/28/2017, 12:04 PM
Sum Assured (Rs.) 12,00,000

Age (Years) 29
Policy Term(Years) 25
Premium Paying Term 16
Purchase Year 2016
Yearly Premium (Rs.) (Without ST) 54,385
Total Paid Premium (Rs.) 8,70,160
(To know premium with prevailing service tax (ST) and benefits
as per your details, please use Premium Calculator and Maturity
Calculator for this plan.)
So, as per above example, policy holder needs to pay the

premium of Rs. 54,385 per year for 16 years (Premium Paying
Term) and after completion of 25 years (Policy Term). The
benefits (maturity & Year-wise death claims) related to this plan is
given below. The following illustration has been prepared as per
2015-16 bonus rate(Latest).
Maturity Details
If Policy holder survives 25 years, then Maturity (Sum Assured +

Bonus +FAB) will be as under.
Maturity Age at Total Premium Maturity Amount

Year Maturity Paid (Approx.)
2041 54 870160 3240000
Death Claim Details
In case of death during policy term ( Before 25 years ), Sum

Assured + Bonus + Final Addition Bonus (Normal Life Cover) will
be paid to nominee. In case of accidental death, additional
amount equal to Sum Assured along with Sum Assured + Bonus
+ Final Addition Bonus (Accidental Life Cover) will be paid to
nominee. Year-wise and Age-wise Normal Life Cover and
3 of 12 12/28/2017, 12:04 PM
Accidental Life Covers will be as follows.
How to Understand Following Table
Suppose if, unfortunate death of policy holder happens in year

2027 (at age 40), then by that time total premium paid will be Rs.
6,52,620 and nominee will get death claim as Rs. 19,20,000 in
case of normal death or Rs. 31,20,000 as accidental death claim
in case of death due to accident and policy will stop.
Total Paid Normal Life Accidental Life

Year Age
Premium Cover (Approx.) Cover (Approx.)
2016 29 54385 1260000 2460000
2017 30 108770 1320000 2520000
2018 31 163155 1380000 2580000
2019 32 217540 1440000 2640000
2020 33 271925 1500000 2700000
2021 34 326310 1560000 2760000
2022 35 380695 1620000 2820000
2023 36 435080 1680000 2880000
2024 37 489465 1740000 2940000
2025 38 543850 1800000 3000000
2026 39 598235 1860000 3060000
2027 40 652620 1920000 3120000
2028 41 707005 1980000 3180000
2029 42 761390 2040000 3240000
2030 43 815775 2136000 3336000
2031 44 870160 2202000 3402000
2032 45 -- 2274000 3474000
2033 46 -- 2346000 3546000
2034 47 -- 2448000 3648000
4 of 12 12/28/2017, 12:04 PM
2035 48 -- 2520000 3720000

2036 49 -- 2640000 3840000
2037 50 -- 2784000 3984000
2038 51 -- 2940000 4140000
2039 52 -- 3060000 4260000
2040 53 -- 3240000 4440000
Above example has been prepared for illustration purpose only.
The Bonus rate has been taken as Rs. 50 per thousand of sum
assured which is as per last declared and FAB rate as Rs. 450
per thousand of sum assured. for More details, please refer to
LIC Website and in case of any query please write your comment
below.
Dear Sir, please suggest which one is better 1. Jeevan Labh

(836) 2. Jeevan Lakshya (833) also suggest what is differences in
both the plans Thanks for your support
Insurance21 Replied : 27-11-2017 12:14:06

Both plans provide different types of benefits, so the plan will
better which suits your requirement, please lets know what is
your objective of taking this plan, so that we can help you choose
one.
Write CommentReply
Respected Sir/Madam My self Tanoy Roy. i want to know any

kind of signature of my agent (Divisional Officer) require in time of
policy mature or to get maturity value ? He said to me no
signature require. Please co-operate.

Yes, signature of agent or development officer will not be required
for maturity claim.
Write CommentReply
5 of 12 12/28/2017, 12:04 PM
Please tell me is medical test required for Jeevan Labh plan 836
policy for insured amount Rs 5400000/- for period of 25 years.

Yes, for sum assured 54,00,000, medical examination will be
required.
Write CommentReply
Please tell me is medical test required for Jeevan Labh plan 836
policy for professionals like Advocates for insured amount Rs
650000/- for period of 16 years.

For 6.5 Lakh sum assured, no medical tests are required in your
case.
Write CommentReply
Jeevan Labh (836): Is this policy contains health benefits as well

(I mean medi claim benefits). I m interested to purchase this plan,
can any one contact me.

No, medi-claim is not available with this plan.
Write CommentReply
As per plan features, the death benefit is showing Basic Sum

Assured, OR 10 times of annualized premium, OR 105% of all
premiums paid on death, WHICHEVER IS HIGHER. So, in this
case the death benefit is not more than sum assured. But, as per
details above in this page "In case of death during policy term (
Before 25 years ), Sum Assured + Bonus + Final Addition Bonus
(Normal Life Cover) will be paid to nominee". Which one is
correct. Please suggest.

Please calculate your premium and also calculate 10 times of
6 of 12 12/28/2017, 12:04 PM
annualized premium and 105% of total premium paid, you will

come to know that Basic sum assured is generally higher than
other two.
Write CommentReply
Kal sam mujhe ek phone aaya Jisme bola Gaya ki her LIC policy
holder Ko bonac Mila hi wo policy no mang Raha tha kya wo
company ka koi admi tha ya phir koi Syber crime ka call tha
please suggest me. Mai jivan Labh policy karbaya hua hi.

Woh ek fruad call tha, kyuni Jeevan Labh policy me bonus last
me hi milega. Kisi stranger ko policy number ya other details
share nahi karni chahhiye.
Write CommentReply
is this policy contains medical benefits (medical insurance)?

No, this is not a medical insurance policy. It is a life insurance
endowment plan which provides life cover during policy term and
lump-sum maturity amount on completion of policy term. It will not
provide any benefit in case of hospital treatment.
Write CommentReply
Sir ,I m policy jivan labh 5 lac my half early amount 13756 in 21

years sir please my maturity something about rs

Please use maturity calculator for aaprox benefit calculation.
Write CommentReply
Hi I just want to know how u calculate the % of bonus....It's yearly

which we had paid on premium or total sum assured amt.......In
jevan labh policy......
7 of 12 12/28/2017, 12:04 PM

Bonus is in Rs per 1000 of sum assured/per year. It is calculated
as Sum Assured x Bonus rate/1000 per year.
Write CommentReply
Hi sir, I am an engineer. I took jeevan labh 836 monthly premium

paid Rs 13965. Term 25 years. Sum assured Rs. 35,00,000.
Maturity value after 25 years I will receive Rs 9800000 as per
policy. When I received maturity value of Rs 9800000, in that time
whether I have to pay tax on maturity value or exempted? Pls
guide as per situation.

Maturity will be tax free under 10(10D).
Write CommentReply
I have taken jeeven labh 16(10) plan for 200000.00 sum assured.
my question is that cant I get the maturity value after 10 years ?
or will have to wait for another 6 years ? in case something
happens between 11th years to 16 years the maturity benefits will
continue till 16th year

As per your example, if death happens between 11th to 16th
policy year, then policy holder's nominee will get sum assured +
accumulated bonus up to year of death.
Write CommentReply
Hello, i am a chief insurance advisor from mumbai. I have been in

insurance business for over 30 years...i would highly recommend
all of you to invest in this plan! If anyone wants any guidelines or
any advice relating to insurance, tax planning or investments be
free to call me on my fone -9820036783
Write CommentReply
8 of 12 12/28/2017, 12:04 PM
My father's age is 59 and I want to invest in LIC JIVAN LABH (

836) plan. It is possible or not please inform me

Yes, He can. please ensure that his age is less than 59 year and
6months otherwise his age will be considered as 60 years. You
may use age calculator for his age calculation.
Write CommentReply
How have you calculated 32 lac returns for SA of just 12 lacs

when bonus paid is just Rs 50 per Rs 1000 of premium. Bonus
should be around Rs 60,000 and maturity amount should be
around Rs 12,60,000.

Bonus Rs 50 is per 1000 of sum assured per year, so 60,000
(appox) bonus is for single year and you need to multiply it by
term to get total bonus.
Is bonus paid for each term year or just for payment term or just 1
year. Is it paid on per Rs 1000 of premium paid till date or SA, I
don't think this plan will give Rs 15 lac bonus as per your
calculations.
RaviReplied : 13-03-2017 17:34:41

Bonus declared for each year during policy term e.g. Rs. 50 per
thousand of Sum Assured per year. what is your sum assured
and term you are talking about ?, please share, will clear your
doubt.
According to your calculation 56424*16 = 887500/- But actually it

is 902784/- Why this miscalculation is taken place..
RaviReplied : 16-03-2017 10:18:51

Premium amount 56424 is inclusive of service tax and total
approx amount to be paid is calculated on premium without
9 of 12 12/28/2017, 12:04 PM
service tax. The reason for taking premium without service tax is
because of the fact that service tax rate (prevailing rate 3.75% on
First Year Premium and 1.875% on second year onwards
premiums) are subject to change in future. To make it more clear,
premium without ST has been updated.
Write CommentReply
i am recently registered in LIC portal. when i am trying to pay

premium (Jeevan labh, code 863) its asking type of policy like
conventional policies ulip/health policies pay renewal premium
pay additional (top up) premium Please suggest which one i need
to select for jeevan labh policy

It will be conventional in case of 836, you may follow this LINK for
guidance.
Write CommentReply
jeevan labh policy (836) this policy cover income tax benefit if
how many

Yes, Paid premiums up to 1.5 lakh is exempted from income tax
under 80C.
Write CommentReply
I have taken jeevan labh policy 16(25) and pay a mnthly premium
of 3829/- .Upto what percentage income tax exemption i will
get..please tell me with an example

Premium paid against life insursnce policy is exempted from
income tax under 80c and limit is 1.5Lakh. You cab take rebate
up to 1.5 Lakh including all investment.
Write CommentReply
10 of 12 12/28/2017, 12:04 PM
Please suggest: (1) My wife is 53 yrs old working as contractual

employee with no pension or any benefit. Any pension policy or
will the Jeevan Labh be ok ? (2) I am 62 yrs old. Retd. govt.
employee. So which LIC policy will be better?. Thanks. SKD.

If pension is main objective then it is not good to invest in
insurance plans as insurance premium includes mortality charges
which will be high in your cases. Kindly divide your investment in
to RD and SIP.
The Only Good Option to invest will be Jeevan Akshay ,Option iv

Annutiy for life with Purchase Price on Death. Please call me
back at 964612204 more details.
Das Sir, I agree with Insurance21 that merely relying on policy for
pension objective may not be best option, but LIC Policy
combined with other options like RD, SIP/MF it can be better to
customize your own pension plan. For more info regarding
investment options [email protected] or 8287641399
Write CommentReply
Hello sir ,how can we get online mode rebate on half year mode
payment and can you tell me what is Rebate on High Sum
Assured (Per 1000 of Sum Assured) on 500000

Mode
Write CommentReply
Hello sir, Jeevan labh policy me low premium hai Kya?Pls reply.

Minimum Premium depends upon age and term, please use
PREMIUM CALCULATOR to calculate premium as per your age.
Enter minimum sum assured 200000.
11 of 12 12/28/2017, 12:04 PM
Write CommentReply
Hi sir, I am 41 years & investing Rs: 55757. 00 PM (from

31.03.2016) in Jeevan Labh (PPT: 836 /21/15), as an lici agent
informed I may get pension benefit from the same after
completion of 21 years. Sir, I am working in a pvt company having
to pension.... kindly inform, would I able to get pension from
Jeevan Labh?

This plan will provide a lump sum maturity amoumt and you can
invest the maturity amount in any pension plan available at that
time to get pension. This policy itself, does not have pension
feature.
Write CommentReply
Sir, Now I am 42, planned to Jeevan Labh of Rs.5L S.A. for

21(15PPT) then what will be Approx. Maturity Amount, Risk
Amount for Normal and Accident. Kindly advice.

Maturity calculator is available on this site, please use it for
approx benefits
Write CommentReply
12 of 12 12/28/2017, 12:04 PM

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LIC Jeevan Labh Plan (836) Details about:reader?url=http://www.insurance21.in/lic-jeevan-labh-plan-836.

LIC Jeevan Labh Plan (836) Details

LIC Jeevan Labh (Table No 836) is a non-linked ( Not dependent

High Bonus Attracting Plan

Premiums need to be paid for less number of years than Maturity

Ideal Plan for planning Child's Education and Marriage

Options to avail accidental benefit and term riders

Paid premiums are exempted from income tax under 80C

Maturity amount is tax free under 10 (10D)

Minimum Age at Entry 8 Years (Completed)

54 Years for 21 Year Term

Rebate on High Sum 0% up to 4,90,000

On completion of policy term, Sum Assured + Bonus + Final

In case of death during policy term of the plan, Bonus up to year

Jeevan Labh (836) with an Example

Sum Assured (Rs.) 12,00,000

So, as per above example, policy holder needs to pay the

If Policy holder survives 25 years, then Maturity (Sum Assured +

Maturity Age at Total Premium Maturity Amount

In case of death during policy term ( Before 25 years ), Sum

Accidental Life Covers will be as follows.

How to Understand Following Table

Suppose if, unfortunate death of policy holder happens in year

Total Paid Normal Life Accidental Life

2035 48 -- 2520000 3720000

Dear Sir, please suggest which one is better 1. Jeevan Labh

Insurance21 Replied : 27-11-2017 12:14:06

Respected Sir/Madam My self Tanoy Roy. i want to know any

Insurance21 Replied : 21-11-2017 21:22:12

Insurance21 Replied : 14-11-2017 23:43:43

Insurance21 Replied : 25-09-2017 12:07:13

Jeevan Labh (836): Is this policy contains health benefits as well

Insurance21 Replied : 15-09-2017 12:00:28

As per plan features, the death benefit is showing Basic Sum

Insurance21 Replied : 05-09-2017 12:28:27

annualized premium and 105% of total premium paid, you will

Insurance21 Replied : 11-07-2017 14:47:37

is this policy contains medical benefits (medical insurance)?

Insurance21 Replied : 01-07-2017 14:44:50

Sir ,I m policy jivan labh 5 lac my half early amount 13756 in 21

Insurance21 Replied : 08-06-2017 15:46:43

Hi I just want to know how u calculate the % of bonus....It's yearly

Insurance21 Replied : 02-06-2017 10:43:05

Hi sir, I am an engineer. I took jeevan labh 836 monthly premium

Insurance21 Replied : 31-05-2017 00:15:31

Insurance21 Replied : 31-05-2017 00:13:31

Hello, i am a chief insurance advisor from mumbai. I have been in

My father's age is 59 and I want to invest in LIC JIVAN LABH (

Insurance21 Replied : 24-03-2017 22:19:51

How have you calculated 32 lac returns for SA of just 12 lacs

Insurance21 Replied : 11-03-2017 16:36:53

RaviReplied : 13-03-2017 17:34:41

According to your calculation 56424*16 = 887500/- But actually it

RaviReplied : 16-03-2017 10:18:51

i am recently registered in LIC portal. when i am trying to pay

Insurance21 Replied : 09-03-2017 20:54:48

Insurance21 Replied : 01-03-2017 21:20:43

Insurance21 Replied : 10-02-2017 16:48:51

Please suggest: (1) My wife is 53 yrs old working as contractual