LIC Jeevan Labh 836 Premium and Maturity Calculator

What is LIC Jeevan Labh Premium and Maturity Calculator?

LIC Jeevan Labh Calculator 836 is an online tool offered by the LIC of India. The calculator helps the policyholder estimate the premiums payable and helps you plan for your financial future by giving an estimate of maturity benefits.

The LIC Jeevan Labh 836 premium calculator also illustrates how premiums fluctuate based on several variables. Policyholders can use the maturity calculator to gain insights into the maturity benefits depending on the premium and sum assured.

How to Calculate the Premium for LIC’s Jeevan Labh 936?

You can use the LIC’s Jeevan Labh premium calculator to understand the premium amount payable for your LIC Jeevan Labh 936 Policy. The online tool considers your age, the policy term, and the sum assured to offer you the best estimate on the premium amount. Further, you can add various riders, and the LIC’s Jeevan Labh, premium and benefit calculator, will reflect the total premium payable and the corresponding maturity benefit receivable.

How to Use LIC’s Jeevan Labh Calculator?

Let’s look at the steps to use this online feature. 

• Open the official online portal of LIC.

• Choose ‘Insurance Plan’ from the ‘Products’ drop-down menu.

• Click on LIC’s Jeevan Labh.

• Click ‘Online Premium Calculator’ from ‘LIC Online Service Portal.’

• Fill in your name, date of birth, gender, age, and contact details.

• You will have the option to get a ‘Quick Quote’ or ‘Compare Quotes.’

• You can base the calculations on the coverage amount or the premium amount.

The calculation is done based on the coverage or the premium you opted for. 

Based on your requirements, the following details have to be filled in when using the LIC Jeevan Labh maturity calculator:

• Policy Term - Please note that with LIC’s Jeevan Labh 836, you can choose from 3 different policy term options, viz. 16 years, 21 years, and 25 years. 

• Premium Paying Term - corresponding premium-paying terms are 10 years, 15 years, and 16 years. For instance, if you choose a policy term of 16 years, the premium-paying term will be 10 years. 

• Sum Assured - The minimum sum assured is Rs.2 Lakhs, and there is no cap on the maximum amount you can ensure. 

Benefits of Using LIC Jeevan Labh Calculator

There are several benefits of using LIC Jeevan Labh 836 Maturity and Premium Calculator, such as:

• Given its online availability, anyone can access the tool from the comfort of their homes, saving significant time.

• The tool eliminates the need for third-party mediators, not leading to miscommunication on premium quotes.

• LIC does not charge a fee, so people in any income bracket can use the calculator. 

• LIC Jeevan Labh Maturity Calculator is featured on the company's official website, which indicates its reliability. 

• The tool calculates the premium and the benefit amount based on individual aspects of each buyer and is, therefore, fairly versatile. 

• The results are prompt and accurate, which is unlikely should you visit a branch or use other offline modes.

• The LIC Jeevan Labh 836 Premium Calculator allows users to switch between various insurance schemes and compare quotes based on the available options.

Summing Up

LIC's Jeevan Labh premium calculator is a valuable tool for prospective policyholders. It allows users to estimate premiums associated with chosen sum assured amounts while showcasing the impact of age on premium variations. The LIC Jeevan Labh calculator also provides insights into potential maturity benefits, allowing users to understand the relationship between premiums, sum assured, and eventual benefits.