⭐ Jeevan Labh – 736

LIC Jeevan Labh (Plan 736) is a highly popular limited premium, non-linked endowment plan designed for individuals who want to build long-term wealth while ensuring strong life insurance protection. This plan offers the unique advantage of paying premiums for a short duration while enjoying full policy coverage and guaranteed benefits until maturity.

Jeevan Labh is ideal for disciplined savers who prefer guaranteed, risk-free returns along with life protection. It is especially suitable for goal-based financial planning such as children’s education, marriage, retirement corpus, or wealth creation.

Key Features

• Limited Premium Payment: Pay premiums only for 10, 15, or 16 years while coverage continues for 16, 21, or 25 years.
• Guaranteed Maturity Benefit: Sum Assured plus accumulated bonuses paid at maturity.
• Life Protection: Financial security for your family throughout the policy term.
• Bonus Benefits: Eligible for simple reversionary bonuses and final additional bonus.
• Multiple Policy Options: Choose from three premium-payment combinations based on your income flow.
• Tax Benefits: Premium eligible under Section 80C and maturity benefits under Section 10(10D).

Benefits

✔ Short Payment, Long Coverage: Stop paying premiums early but stay insured for the entire policy term.

✔ High Return Potential: One of LIC’s best bonus-earning endowment plans.

✔ Goal-Oriented Planning: Ideal for education, marriage, or wealth accumulation goals.

Examples & Calculations

Let us understand how Jeevan Labh – 736 works with a practical, easy-to-understand example.

• Age at Entry: 30 years
• Policy Term: 25 years
• Premium Paying Term: 16 years
• Sum Assured: ₹10,00,000
• Annual Premium (Approx): ₹55,000 – ₹58,000

Total Premium Paid:
₹56,000 × 16 years = ₹8,96,000 (approx)

Maturity Benefit (After 25 Years):
Sum Assured: ₹10,00,000
+ Accumulated Bonuses: ₹10,00,000 – ₹12,00,000 (approx)
Total Maturity Value: ₹20,00,000 – ₹22,00,000

Important Advantage: Premium payments stop after 16 years, but the policy continues for the full 25 years. This means you enjoy 9 years of benefits without paying any premium.

Death Benefit – During Policy Term:
If the policyholder passes away at any time during the policy term, the nominee receives Sum Assured + accrued bonuses, ensuring strong financial protection.

Premiums and bonus figures are indicative. Actual values depend on age, policy term, sum assured, and LIC’s bonus declarations.

Who Should Buy Jeevan Labh?

✔ Salaried individuals seeking guaranteed returns

✔ Parents planning for children’s education or marriage

✔ Investors looking for high bonus potential with low risk

Conclusion

LIC Jeevan Labh – 736 is one of the strongest limited premium endowment plans available today. Its combination of short premium payment, long policy coverage, high bonus potential, and guaranteed maturity benefits makes it an excellent choice for long-term financial planning. If you want a secure, disciplined, and rewarding savings plan backed by LIC’s trust, Jeevan Labh stands out as a reliable option.