LIC Jeevan Labh Plan 736: Bonus, Calculator & Returns
LIC Jeevan Labh is widely considered LIC's most attractive savings plan. Discover how limited premium paying terms and high bonus rates generate the best tax-free yields.
LIC Jeevan Labh (Plan 736) [जीवन लाभ प्लान 736] is a non-linked, participating, limited premium payment endowment plan. Unlike traditional endowment plans where you pay premiums for the entire duration of the policy, Jeevan Labh allows you to pay for a shorter duration while enjoying coverage and compounding benefits for the full policy term.
Jeevan Labh Structure: Terms & PPT
The plan offers three specific combinations of Policy Term and Premium Paying Term (PPT):
- 16-Year Term: You pay premiums for only 10 Years.
- 21-Year Term: You pay premiums for only 15 Years.
- 25-Year Term: You pay premiums for only 16 Years.
Factual Return Example: ₹10 Lakh Policy
Let's calculate the maturity value and return rate for a 30-year-old purchasing a ₹10 Lakh Sum Assured policy with a 21-year term (15-year PPT):
- Sum Assured (Basic Cover): ₹10,00,000
- Premium Paying Term: 15 Years
- Annual Base Premium: ≈ ₹46,400
- Total Premiums Paid: ₹46,400 × 15 = ₹6,96,000
- Accrued Reversionary Bonus (Yr 2026 Rate ₹54/1000): ₹11,34,000
- Terminal Bonus Rate (₹250/1000): ₹2,50,000
- Estimated Payout at Maturity (Yr 21): ₹23,84,000
- Annualised Return Yield (XIRR): 6.12% p.a. (Tax-Free)
An annualized yield of 6.12% tax-free is equivalent to a pre-tax return of approximately 8.75% for individuals in the 30% tax bracket, making Jeevan Labh an exceptionally strong wealth-building option.
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