LIC’s Jeevan Labh Plan (836) is a limited premium paying, non-linked, with-profits Endowment Assurance plan.

Term 16 21 25
PPT 10 15 16
Minimum Age at 8 years Maximum Age at Maximum Maturity
Entry completed entry 59 Age 75
Minimum Sum Maximum Sum No
Assured Rs. 200,000 Assured limit
Maximum Accidental Death and Disability Benefit Rider up to age 70
Benefits on death
Basic sum assured or 10 times of annualized premium or 105% of all premiums paid as on death. Whichever is
higher
Survival Benefits
Basic Sum Assured + Reversionary Bonus + Final Additional Bonus
Loan facility after 3 years of premium payment
Income Tax Benefits
Premium paid under this plan is eligible for Tax rebate under section 80c
Maturity under this is free under sec 10(10D)

Understand with an Example

Age 40
Term 25
Premium Paying Term 16
Death Assurance Benefit Rs. 50,00,000
Death Sum Assured Rs. 50,00,000
Per Annum Half-Yearly Quarterly Monthly
Rs. 248,041 /- (237,360 + Rs. 125,299 /- (119,903 + Rs. 63,288 /-(60,563 Rs. 21,096 /-
1st Year Premium + Tax 4.5% 10, 681) 5,396) + 2725) (20,188 + 908)

2nd Year Premium with Tax Rs. 242,701/- (237,360 + Rs. 122,601 /- (119,903 + Rs. 61,926 /-(60,563 Rs. 20,642 /-
2.25% 5,341) 5,396 + 1,363) (20,188 + 454)
Total Approx. Premium Paid Rs. 38,88,556 /-
Sum Assured = Rs. Final Addition Bonus = Rs. 1,35,00,000
Return at Maturity Time 50,00,000 /- Bonus = Rs. 62,50,000 /- /-
Total Approx. Return
at Maturity Rs. 1,35,00,000 /-
Pension starts from age 65
Annuity for life with return of purchase price on death

Sum Assured = Rs. 1,33,00,493 /- Rs. 905,065 /-PA Rs. 71,709 /-PA
Disclaimer: - Premium shown above is indicative and not exact. Actual premium may vary according to underwriting rules
applicable. Maturity calculation displayed is approximate as per current rate of bonus.

Mukesh Joshi
Chief Insurance Advisor, Financial Planner & Wealth Manger
LIC Agency code – 4612912, Branch– Fort, Mumbai- 400001
mukesh.dk.joshi@gmail.com
976-857-1777
885-036-7364