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LIC Jeevan Labh (Plan 836/936) Maturity Calculator

Calculate premium, simple reversionary bonus, final additional bonus (FAB), and total maturity return for Plan 936.

₹
years
years
₹

Take this from your policy document — it depends on your age at entry.

₹/1000 SA

Declared each year by the insurer; recent rates are ₹40–50.

₹/1000 SA

Paid only at maturity on longer-term policies.

Total premiums payable
₹3,60,000
16 years × ₹22,500
Accrued bonus
₹6,00,000
₹48/1000 × 25 years
Estimated maturity value
₹13,75,000
Approximate return
8.05%
Net gain ₹10,15,000
ComponentAmount
Basic sum assured₹5,00,000
Simple reversionary bonus (25 years)₹6,00,000
Final additional bonus₹2,75,000
Maturity value₹13,75,000

Jeevan Labh

A limited-premium endowment: premiums are paid for a shorter period than the policy term.

Bonus = (SA ÷ 1000) × ₹48 × 25 years = ₹6,00,000

The internal rate of return of 8.05% is computed from the actual premium and maturity cash flows. Compare it against a PPF or debt fund before treating an endowment policy as an investment.

LIC Jeevan Labh (Plan 836/936) Maturity Calculator: how it works

Jeevan Labh is a limited-premium endowment: you pay for a shorter period than the policy runs, and the maturity value is sum assured plus bonuses.

How the plan is structured

Policy termPremium paying term
16 years10 years
21 years15 years
25 years16 years

Premiums stop before the policy matures, but cover and bonus accrual continue to the end of the term. That is the appeal of a limited-premium structure.

What you receive at maturity

Maturity = Sum assured + Simple reversionary bonus + Final additional bonus

Reversionary bonus is declared per ₹1,000 of sum assured, per year
Final additional bonus is paid once, at maturity, on longer terms

Worked example · ₹5 lakh sum assured over 25 years

Given

  • Sum assured: ₹5,00,000
  • Term: 25 years
  • Bonus: ₹48 per ₹1,000 per year
  • FAB: ₹550 per ₹1,000

Working

  1. 1Reversionary = (5,00,000 ÷ 1000) × 48 × 25 = ₹6,00,000
  2. 2FAB = (5,00,000 ÷ 1000) × 550 = ₹2,75,000
  3. 3Maturity = 5,00,000 + 6,00,000 + 2,75,000

Approximately ₹13,75,000

What the return actually works out at

The figure that matters is not the maturity amount but the internal rate of return implied by the premium and maturity cash flows. For traditional endowment plans this typically lands between 4 and 6 percent — below PPF, and well below long-run equity returns.

Frequently asked questions

Sum assured plus the simple reversionary bonus accrued over the policy term plus the final additional bonus. Bonus rates are declared annually and are not guaranteed.

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