Endowment PlansPlan 736NRI Eligible

LIC Jeevan Labh

Name: LIC Jeevan Labh
Brand: Life Insurance Corporation of India
Availability: InStock

Limited payment endowment with high maturity benefits

What is LIC Jeevan Labh?

LIC Jeevan Labh (Plan 736, UIN 512N304V03) is an endowment (savings plus protection) plan from Life Insurance Corporation of India. It is a participating (with-profits) plan: the policy earns Simple Reversionary Bonuses that LIC declares from its surplus each year, and may add a Final Additional Bonus when the policy ends.

Premiums are paid for a shorter period than the policy runs, so the cover continues after you have finished paying. If the policyholder dies during the term, the nominee receives: Sum Assured + bonuses. On surviving the full term, the policyholder gets: Sum Assured + bonuses (historically high maturity value).

It suits people looking for savings, wealth creation and limited payment. NRIs can buy this plan too.

Key Highlights

Pay premiums for shorter period than policy term

Highest bonus rates among LIC endowments

Popular for high maturity returns

Loan facility available

Benefits Explained Simply

If Something Happens to You (Death Benefit)

Sum Assured + bonuses

When the Plan Matures (Maturity Benefit)

Sum Assured + bonuses (historically high maturity value)

Eligibility & Details

Minimum Entry Age	8 years (last birthday)
Maximum Entry Age	59 years
Minimum Sum Assured	₹2,00,000
Policy Term	16, 21, 25 years
Premium Paying Term	10, 15, 16 years
Bonus Type	simple reversionary
Risk Level	low
NRI Eligible	Yes

Tax Benefits

Section 80C deduction on premiums
Maturity tax-free under 10(10D)

Premium Rates (Indicative)

Age	16 years	21 years	25 years
20 yrs	₹17,718	₹11,623	₹9,908
30 yrs	₹17,767	₹11,701	₹10,025
40 yrs	₹18,012	₹12,054	₹10,476
50 yrs	₹18,855	₹13,083	₹11,682

VERIFIED from official LIC Sales Brochure (effective 22/09/2025). PPT is 10/15/16 years for policy terms 16/21/25 years. Annual premiums in ₹ for BSA of ₹2 lakh, standard lives. Exclusive of taxes.

Source: LIC Official Sales Brochure | Data last verified: 21 March 2026

Example: What You Could Get

If a 30-year-old buys this plan with ₹10 lakh sum assured, 21-year term:

Annual Premium

₹58,505

Total Paid (21 yrs)

₹12,28,605

Est. Bonuses

₹12,18,000

Est. Maturity

₹22,18,000

That's approximately 1.8x of what you paid in premiums.

Maturity Benefit Illustration

Estimated

What you pay vs what you could receive (conservative estimate with assumed bonus rate of ~Rs.48-60 per Rs.1,000 SA per year)

Age 25240% return

You Pay: 4.22 L

You Get: 10.14 L

Age 30239% return

You Pay: 4.24 L

You Get: 10.14 L

Age 35236% return

You Pay: 4.30 L

You Get: 10.14 L

Age 40232% return

You Pay: 4.37 L

You Get: 10.14 L

Entry Age	Annual Premium	Total You Pay	Est. Maturity	Return
25 yrs	₹28,155	4.22 L	10.14 L	240%
30 yrs	₹28,253	4.24 L	10.14 L	239%
35 yrs	₹28,694	4.30 L	10.14 L	236%
40 yrs	₹29,135	4.37 L	10.14 L	232%

Sum Assured: ₹5,00,000 | Term: 21years | Bonus assumption: ~Rs.48-60 per Rs.1,000 SA per year (conservative). Actual maturity depends on LIC's declared bonus rates. This is for illustration only. Please consult your insurance advisor for accurate projections.

Bonus Rate History

Simple Reversionary Bonus (₹ per ₹1,000 of Sum Assured per year)

2025

₹58

2024

₹56

2023

₹54

2022

₹52

2021

₹52

2020

₹49

2019

₹49

2018

₹46

2017

₹44

2016

₹42

Highest bonus rate among LIC endowment plans. Combined with shorter premium paying term, this makes Jeevan Labh one of the best-returning LIC products.

Who is This Plan Best For?

savingswealth creationlimited payment

Frequently Asked Questions

What is LIC Jeevan Labh (Plan 736)?

LIC Jeevan Labh is a endowment plans plan from Life Insurance Corporation of India. Limited payment endowment with high maturity benefits.

What is the eligibility age for LIC Jeevan Labh?

Entry age is between 8 and 59 years. Policy term: 16 to 25 years. Premium paying term: 10 to 16 years.

What is the minimum sum assured for LIC Jeevan Labh?

Minimum sum assured is ₹2,00,000. There is no upper limit on sum assured.

What are the tax benefits of LIC Jeevan Labh?

Section 80C deduction on premiums. Maturity tax-free under 10(10D).

Is LIC Jeevan Labh available for NRIs?

Yes. LIC Jeevan Labh is available to Non-Resident Indians. NRIs can buy this plan during a visit to India or through power of attorney.

What happens if I stop paying premiums on LIC Jeevan Labh?

If you stop paying premiums before 3 years, the policy lapses and you lose all benefits. After 3 years of premium payments, the policy acquires a paid-up value and you receive a reduced sum assured. You can also revive a lapsed policy within 5 years by paying outstanding premiums plus interest.

The information above is for educational purposes only. Actual premiums, benefits, and terms are as per LIC of India. For official and complete details, visit licindia.in.

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