LIC Jeevan Labh Calculator
Estimate maturity and death benefits for LIC’s Jeevan Labh (Plan No. 816)
Projected Benefits
Survival Benefits
Total Premiums Paid:
Guaranteed Additions:
–
Bonus Amount:
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Maturity Benefit:
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Death Benefits
Sum Assured on Death:
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Guaranteed Additions:
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Total Death Benefit:
–
Note: Actual benefits may vary based on LIC’s declared bonus rates. This is an estimate only.
About LIC Jeevan Labh
- Plan No.: 816 (Money-back with guaranteed additions)
- Key Features: Death benefit, survival benefits, and maturity benefit
- Bonus Type: Simple Reversionary Bonuses
- Tax Benefits: Available under Section 80C and 10(10D)
This calculator provides estimates based on standard bonus rates. For exact values, consult your LIC agent.
Key Features of This Calculator
- Accurate Benefit Projections
- Calculates maturity benefits (Sum Assured + Guaranteed Additions + Bonus)
- Estimates death benefits (higher of 10x premium or 105% premiums paid)
- Accounts for Guaranteed Additions (₹50 per ₹1000 SA per year)
- Flexible Input Options
- All policy terms supported (16/21/25 years)
- Both premium payment terms (10/15 years)
- Adjustable bonus rate expectations (₹45-₹55 per ₹1000 SA)
- Professional Financial Breakdown
- Clear separation of survival vs death benefits
- Detailed component-wise calculation
- Indian rupee formatting (with commas)
- Educational Resources
- Explanation of Jeevan Labh features
- Disclaimer about actual vs projected values
- Tax benefit information
How to Use This Calculator
- Select Policy Term (16, 21, or 25 years)
- Choose Premium Payment Term (10 or 15 years)
- Enter Sum Assured (Minimum ₹1,00,000)
- Input Your Current Age (18-60 years)
- Select Bonus Rate Expectation (Conservative to Optimistic)
- Click “Calculate Benefits”
Understanding the Results
Survival Benefits
- Total Premiums Paid: Your total outlay
- Guaranteed Additions: Fixed returns (₹50 per ₹1000 SA per year)
- Bonus Amount: Projected simple reversionary bonuses
- Maturity Benefit: Final payout at policy term end
Death Benefits
- Sum Assured on Death: Minimum guaranteed payout
- Total Death Benefit: Sum Assured + Guaranteed Additions + Bonus
Why This Calculator is Useful
✔ Financial Planning – See projected returns before purchasing
✔ Comparison Tool – Evaluate against other investment options
✔ Premium Estimation – Understand payment commitments
✔ Benefit Visualization – Clear breakdown of policy components
Note: Actual benefits may vary based on LIC’s declared bonus rates. For exact values, consult your LIC agent.