LIC Jeevan Labh Premium Chart: Plan 736 Rates [2026]

Overview

The LIC Jeevan Labh plan is a non-linked, participating, limited premium payment endowment plan that combines life insurance protection with long-term savings. The LIC Jeevan Labh premium chart helps estimate premiums based on your age at entry, chosen basic sum assured, policy term, and premium payment term combination. The plan offers three options:

16-year policy term with a 10-year premium payment term
21-year policy term with a 15-year premium payment term
25-year policy term with a 16-year premium payment term

LIC's official brochure includes an illustrative premium chart for a ₹2 lakh basic sum assured. For example, a 30-year-old choosing the 25-year policy term pays an annual premium of ₹10,025 (excluding applicable taxes).

Since the LIC Jeevan Labh policy is sold only through authorized agents and branches, use third-party premium calculators only as a reference and always verify your final premium with LIC before purchasing.

Choosing a traditional life insurance plan involves more than selecting a sum assured. Understanding how premiums are calculated and how different policy options affect the payable amount is equally important. The LIC Jeevan Labh premium chart helps prospective policyholders compare indicative premiums across different policy terms and premium payment options.

This guide explains how to read the premium chart, what the figures represent, and the key factors that influence the final premium.

What Is the LIC Jeevan Labh Premium Chart?

The LIC Jeevan Labh premium chart is an illustrative table published in LIC's official Plan 736 brochure. It includes the following details.

Entry Age: Premiums increase with the age at which the policy is purchased.
Basic Sum Assured: A higher sum assured results in a higher premium, though LIC offers rebates on higher sum assured slabs as per the policy terms.
Policy Term and Premium Payment Term: The plan offers three combinations: a 16-year policy term with a 10-year premium payment term, a 21-year policy term with a 15-year premium payment term, and a 25-year policy term with a 16-year premium payment term. The premium varies across these options.
Premium Payment Mode: Premiums can be paid yearly, half-yearly, quarterly, or monthly, with modal factors applicable as specified by LIC.

Note: The premiums shown in the chart are indicative and assume a standard underwriting profile. The final premium may vary depending on factors such as the applicant's age, health and medical history, tobacco usage, chosen riders, and any applicable rebates for higher sum assured or annual premium payments.

Sample LIC Jeevan Labh Premiums by Age and Sum Assured

The table below contains the official sample annual premiums published by LIC for Jeevan Labh (Plan 736). These premiums apply to standard lives, assume a basic sum assured of ₹2 lakh, and exclude applicable taxes. They are meant for illustration and should not be treated as personalized premium quotes.

Entry Age	16 Years PT (10-year PPT)	21 Years PT (15-year PPT)	25 Years PT (16-year PPT)
20 years	₹17,718	₹11,623	₹9,908
30 years	₹17,767	₹11,701	₹10,025
40 years	₹18,012	₹12,054	₹10,476
50 years	₹18,855	₹13,083	₹11,682

High Sum Assured Rebates

Basic Sum Assured	Rebate
₹2 lakh to less than ₹5 lakh	Nil
₹5 lakh to less than ₹10 lakh	₹2 for every ₹1,000 of basic sum assured
₹10 lakh to less than ₹15 lakh	₹3 for every ₹1,000 of basic sum assured
₹15 lakh and above	₹3.50 for every ₹1,000 of basic sum assured

LIC also offers a 2% rebate on yearly premium payments and a 1% rebate on half-yearly payments. No rebate is available for quarterly, monthly, or salary deduction modes.

Note: The premiums shown above represent the guaranteed premium payable, not the returns you will receive. LIC Jeevan Labh is a participating policy, so the final maturity value depends on bonuses declared by LIC.

CTA

LIC Jeevan Labh Maturity Returns Illustration

LIC's official benefit illustration for a 30-year-old with a ₹2 lakh basic sum assured, 25-year policy term, and 16-year premium payment term (annual premium of ₹10,025) is shown below.

Particulars	Amount
Total premiums paid	₹1,60,400
Maturity benefit (4% illustration)	₹2.20 lakh
Maturity benefit (8% illustration)	₹3.70 lakh

The illustration indicates an estimated Internal Rate of Return (IRR) of 1.8% to 1.9% under the 4% scenario and 4.8% to 5.0% under the 8% scenario. Since bonuses are not guaranteed, actual returns may vary.

Jeevan Labh Vs. Term Insurance + Mutual Funds

While the premium is an important consideration, it's equally important to evaluate whether Jeevan Labh aligns with your financial and protection goals.

From an investment perspective, many financial planners recommend buying a pure term insurance plan and investing the premium savings in equity mutual funds through a Systematic Investment Plan (SIP). Historically, diversified equity mutual funds have generated around 10% to 12% annualized returns over long investment horizons, although these returns are market-linked and not guaranteed. Depending on your risk appetite, options such as PPF, NPS, or fixed deposits may also be suitable alternatives.

From an insurance perspective, Jeevan Labh may not provide adequate financial protection for most families. The plan offers a minimum sum assured of ₹2 lakh, which is significantly lower than the life cover required to replace a family's income or meet long-term financial goals. In contrast, a pure term insurance plan can provide substantially higher coverage at a much lower premium, making it a more effective choice for securing your family's financial future.

Factors That Affect LIC Jeevan Labh Premium

1. Age at Entry: The younger the life assured at the time of purchase, the lower the premium. Premiums increase with age because the insurer's risk also increases.

2. Basic Sum Assured: A higher basic sum assured increases the premium. Although LIC offers a rebate for policies with a basic sum assured of ₹5 lakh and above, the discount is modest and should not be the primary reason for choosing a higher cover.

3. Policy Term and Premium Payment Term: LIC Jeevan Labh offers three policy terms and premium payment combinations. Shorter premium payment terms result in higher annual premiums, while longer payment terms spread the premium over more years.

4. Underwriting Assessment: The sample premiums assume a standard underwriting profile. However, depending on factors such as your health, medical history, occupation, or tobacco use, LIC may charge an additional premium after underwriting.

5. Optional Riders: Adding optional riders, such as the accidental death and disability benefit rider, accident benefit rider, new term assurance rider, or waiver of premium benefit rider, increases the overall premium but also enhances the policy's coverage.

Ditto's Take: While LIC Jeevan Labh offers multiple rider options, not every rider is necessary. In most cases, we recommend choosing riders based on your family's financial needs rather than adding every available option. For buyers seeking comprehensive protection, a standalone term insurance plan with carefully selected riders often offers better value and flexibility than relying solely on endowment plan riders.

LIC Jeevan Labh Benefits and Plan 736 Features

Maturity Benefit

Receive the basic sum assured, vested simple reversionary bonuses, and the final additional bonus (if declared), provided the policy is in force.

Death Benefit

The nominee receives the higher of the basic sum assured or 7 times the annualized premium, plus vested bonuses. The death benefit is never less than 105% of the total premiums paid.

Limited Premium Payment

Pay premiums for only 10, 15, or 16 years while enjoying life cover for 16, 21, or 25 years.

Loan Facility

A policy loan is available once the policy acquires a surrender value, subject to LIC's terms and conditions.

Settlement Option

Choose to receive the maturity or death benefit in installments over 5, 10, or 15 years instead of a lump sum.

Offline Purchase

LIC Jeevan Labh is available only through authorized LIC agents, brokers, insurance marketing firms, or LIC branches. It presently cannot be purchased directly through the LIC website.

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Conclusion

The LIC Jeevan Labh premium chart provides a useful benchmark for understanding how premiums vary across different ages and policy terms. However, your actual premium depends on factors such as your age, chosen sum assured, policy term, riders, and underwriting assessment.

Since LIC Jeevan Labh is an offline-only plan, obtain your final quote from an authorized LIC agent or branch. If you use third-party premium calculators, treat their estimates as indicative and verify them with LIC before making a decision.

Frequently Asked Questions

What is the LIC Jeevan Labh premium chart?

The LIC Jeevan Labh premium chart is an illustrative table published in LIC's official Plan 736 brochure. It shows sample annual premiums for a basic sum assured of ₹2 lakh across different entry ages and the three available combinations of policy term and premium payment term. The premiums assume a standard underwriting profile. Since your premium depends on factors such as age, sum assured, health, and any optional riders, the chart should be treated as a reference rather than a personalized quote. The final premium is determined after LIC completes its underwriting process.

How much is the LIC Jeevan Labh premium for a 30-year-old?

According to LIC's official illustration, a 30-year-old purchasing a ₹2 lakh basic sum assured pays an annual premium of ₹17,767 for the 16-year policy term, ₹11,701 for the 21-year policy term, and ₹10,025 for the 25-year policy term. These are sample premiums for standard lives and may vary depending on your health, lifestyle, underwriting outcome, and chosen sum assured. Policies with higher sum assureds may also qualify for high sum assured rebates, which reduce the effective premium.

Is there an official LIC Jeevan Labh calculator?

No. LIC does not offer a dedicated online calculator that generates instant premium quotes for LIC Jeevan Labh because it is an offline-only plan. While several third-party websites provide premium and maturity calculators, their estimates are based on assumed bonus rates, sample illustrations, or simplified calculations that may not reflect LIC's latest underwriting practices or bonus declarations. As a result, these tools should be used only as a rough reference. For the most accurate premium quote and projected maturity benefits, it is best to consult an authorized LIC advisor or visit your nearest LIC branch.

Can I buy LIC Jeevan Labh online?

No. LIC Jeevan Labh cannot be purchased directly through the LIC website at the moment. It is an offline-only participating endowment plan and is available through authorized LIC agents, licensed insurance brokers, insurance marketing firms, and LIC branches. Since the policy is sold offline, your premium is finalized after underwriting and depends on factors such as your age, health, the sum assured you choose, and the policy term. Reviewing the official brochure before purchasing can help you better understand the policy features and benefits.

What is the minimum sum assured under LIC Jeevan Labh?

The minimum basic sum assured under LIC Jeevan Labh Plan 736 is ₹2 lakh, with no upper limit, subject to LIC's underwriting guidelines. The sum assured must be selected in multiples of ₹10,000 up to ₹4.5 lakh and in multiples of ₹25,000 above that. Choosing a higher sum assured increases your premium but may also make you eligible for a high sum assured rebate, reducing the effective premium per lakh of coverage. Before deciding on the coverage amount, assess your family's long-term financial needs, outstanding liabilities, and future goals rather than choosing the minimum sum assured solely to reduce premiums.

What are the benefits of LIC Jeevan Labh?

LIC Jeevan Labh combines life insurance protection with long-term savings. Upon maturity, the policyholder receives the basic sum assured, vested simple reversionary bonuses, and the final additional bonus, if declared. In the event of death during the policy term, the nominee receives the applicable death benefit, including any bonuses, subject to the policy terms. The plan also offers limited premium payment options, policy loan eligibility after acquiring a surrender value, settlement options, and optional riders for additional protection, making it suitable for buyers seeking both savings and life cover.

Does LIC Jeevan Labh offer a rebate for a higher sum assured?

Yes. LIC offers a high sum assured rebate on Jeevan Labh policies with a basic sum assured of ₹5 lakh or more. There is no rebate for policies below ₹5 lakh. The rebate ranges from ₹2 to ₹3.50 per ₹1,000 of the basic sum assured, depending on the coverage amount. While this slightly reduces the effective premium per lakh as the sum assured increases, the savings are modest. Buyers should choose the sum assured based on their family's financial needs rather than the available rebate alone.

Is the LIC Jeevan Labh premium eligible for tax benefits?

Yes. Premiums paid for LIC Jeevan Labh may qualify for a deduction under Section 80C of the Income Tax Act, up to the overall limit of ₹1.5 lakh per financial year if you opt for the old tax regime. The maturity proceeds may also be exempt under Section 10(10D), subject to applicable conditions, including the premium-to-sum assured limit. However, for policies issued on or after April 1, 2023, the exemption may not apply if the aggregate annual premium across applicable non-ULIP life insurance policies exceeds ₹5 lakh. Death benefits paid to nominees are generally tax-free under Section 10(10D).

Last updated on: 11 Jul, 2026