LIC Jeevan Labh 836 was the first version of Jeevan Labh, a limited-premium, with-profit endowment plan with 16, 21 or 25-year terms and 10, 15 or 16 years of premium. It is closed to new buyers, but existing policies run to maturity. Our calculator estimates about ₹42,140 a year for a 30-year-old with ₹10 lakh cover over 21 years; no GST applies from 22 September 2025.
Jeevan Labh 836 Premium & Maturity Calculator
Your estimate
- Premium per instalment
- ₹21,193
- Premium paying term
- 15 years
- Total premium paid
- ₹3,17,895
- Total bonus (estimated)
- ₹4,93,500
- Final additional bonus
- ₹50,000
- Sum assured on deathplus bonuses accrued; never below ₹3,33,790 (105% of premiums)
- ₹5,00,000
- Age at maturity
- 51 years
- Total premium paid₹3,17,89530%
- Net gain₹7,25,60570%
Individual life insurance premiums are exempt from GST from 22 September 2025. Figures are estimates based on typical rates and may differ from LIC’s official quote.
What is LIC Jeevan Labh Plan 836?
LIC Jeevan Labh Plan 836 (UIN 512N304V01) is the original version of LIC’s Jeevan Labh. It is a non-linked, with-profit, limited premium endowment plan: you pay premiums for a shorter period than the policy runs, and the policy earns bonuses from LIC’s surplus every year.
The plan is withdrawn. It made way for Jeevan Labh 936 in February 2020, which was itself replaced by Jeevan Labh 736 in October 2024. If you hold an 836 policy, nothing changes for you: premiums, cover and bonuses continue exactly as written in your bond. This page helps you estimate what your policy will pay.
Jeevan Labh 836 at a glance
| Feature | Details |
|---|---|
| Plan number / UIN | 836 / 512N304V01 |
| Policy term | 16, 21 or 25 years |
| Premium paying term | 10, 15 or 16 years |
| Entry age | 8 to 59 years (depends on term) |
| Maximum maturity age | 75 years |
| Minimum sum assured | ₹2,00,000 (no upper limit) |
| Grace period | 15 days (monthly), 30 days (other modes) |
| Loan and surrender | After 3 full years’ premiums |
| Status | Withdrawn; existing policies continue |
How the premium was calculated
The premium is a rate per ₹1,000 of sum assured that depends on age and term, reduced by a high sum assured rebate (₹1.25 per ₹1,000 from ₹5 lakh, ₹1.50 from ₹10 lakh, ₹1.75 from ₹15 lakh) and a mode rebate of 2% for yearly and 1% for half-yearly payment.
Example. For a 30-year-old with ₹10 lakh cover over 21 years, the calculator shows about ₹42,140 a year, paid for 15 years, or ₹6,32,100 in total. Since 22 September 2025 there is no GST on this premium. Receipts from before that date include 2.25% GST on renewal premiums, about ₹43,088 in this example. Your actual bond premium may differ slightly, so enter your own details.
Maturity benefit
At the end of the term LIC pays the basic sum assured + simple reversionary bonuses + final additional bonus (if declared).
Continuing the example, a bonus rate of ₹47 per ₹1,000 adds about ₹9,87,000 over 21 years. With an illustrative final bonus of ₹1,00,000, the maturity estimate is about ₹20,87,000.
A second case: someone who took ₹5 lakh cover for 25 years at age 25 pays about ₹19,233 a year for 16 years (₹3,07,728 in total). At a ₹50 bonus rate plus an illustrative ₹2,25,000 final bonus, maturity comes to around ₹13,50,000.
Tip: your yearly bonus statement from LIC shows the bonus already vested. Use that figure to check how close the calculator’s estimate is to your policy.
Death benefit
If the life assured dies during the term, the nominee receives the sum assured on death, which is the higher of the basic sum assured and 10 times the annualised premium, plus all vested bonuses and any final additional bonus. The total is never below 105% of premiums paid. This 10-times rule is one of the ways 836 differs from later versions, which use 7 times.
Loan, surrender and paid-up value
After three full years’ premiums, the policy acquires a surrender value and you can take a loan against it. If you stop paying after that point, the policy becomes paid-up with a reduced sum assured, and bonuses already added stay with it. Before surrendering, estimate the payout with our LIC surrender value calculator. For a policy close to maturity, continuing is almost always the better choice.
Tax benefits
Premiums qualify under Section 123 of the Income-tax Act, 2025 (earlier Section 80C) in the old tax regime. Because 836 policies were issued well before April 2023, the ₹5 lakh premium limit does not apply, and maturity is generally exempt under Section 11 read with Schedule II of the Income-tax Act, 2025 (earlier Section 10(10D)) when the premium is within the prescribed share of the sum assured.
Jeevan Labh 836 vs 936 vs 736
All three share the same terms, premium paying periods and 75-year maturity cap. The main difference in 836 is the death cover floor of 10 times the annual premium. Plan 936 moved to 7 times, and Plan 736, the current version, brought new premium rates and surrender rules. New buyers should look at 736; existing 836 holders should simply keep paying until the premium term ends.
How to use this calculator
Enter the age at which you took the policy, the term and the sum assured from your bond, and your premium mode. Adjust the bonus rate to match recent LIC declarations. The results show your premium, a maturity estimate and the death benefit. All figures are approximate; no GST is charged on individual life premiums from 22 September 2025.
Frequently asked questions
Is LIC Jeevan Labh 836 still available?
No. Plan 836 was withdrawn and replaced by Jeevan Labh 936 in February 2020, and 936 has since been replaced by Plan 736. Existing 836 policies are unaffected and continue with full cover and bonuses until maturity.
How is the maturity amount of Jeevan Labh 836 calculated?
Maturity = basic sum assured + all simple reversionary bonuses + final additional bonus, if declared. For ₹10 lakh over 21 years at ₹47 per ₹1,000, bonuses add about ₹9.87 lakh, and an illustrative final bonus of ₹1 lakh takes the total to about ₹20.87 lakh.
What is the death benefit in Jeevan Labh 836?
The nominee gets the sum assured on death plus vested bonuses and any final additional bonus. Sum assured on death is the higher of the basic sum assured or 10 times the annualised premium, and the payout is never less than 105% of premiums paid.
When can I take a loan on Jeevan Labh 836?
A loan is available once at least three full years' premiums have been paid, as a percentage of the surrender value at that time. The same three-year rule applies to surrender.
What is the grace period in Jeevan Labh 836?
You get 15 days to pay a monthly premium and 30 days for yearly, half-yearly or quarterly premiums. If the premium is not paid within the grace period, the policy lapses and has to be revived.
Should I surrender my Jeevan Labh 836 policy?
Usually not if the premium paying term is over or nearly over. Cover and bonuses continue free of further premiums, and surrender value is well below the maturity amount. Compare the surrender offer with the remaining maturity value first.
Disclaimer: LIC Premium Calculators is an independent website. We are not affiliated with, endorsed by or connected to Life Insurance Corporation of India. All figures are estimates for illustration; confirm exact premiums and benefits with LIC or a licensed agent before buying.