Maturity Calculator for LIC Jeevan Labh (Plan No: 836) provides easy way to calculate maturity amount and illustrate Age-Wise and Year-Wise amount of risk covers. It uses Parameter like Bonus rate, Final Addition Bonus (FAB) etc which are similar to declared values, not exact and calculations are indicative only. Click here to know about this plan.
Wrote : 28-01-2017 15:35:34
the MAIN OBJECTIVE of a life insurance is gauranteed return but in this plain no gauranteed return than why should it to be taken by anyone.
Replied : 28-01-2017 17:26:40
The Sum Assured is guaranteed and bonus is declared year-wise, once it is declared for a year, it is also guaranteed. Bonus is declared for each policy year.
Wrote : 23-01-2017 12:24:29
If i invest in SIP, maturity amount will be same on basis of 12% return. In SIP I have benefit to stop at any time and to withdraw at any time. Also disadvantage no insurance there. Overall SIP gives 15 to 20 % return if more then 10 years investment so in your policy no such benefit shown. Insurance benefit is here but return is very low.
Replied : 23-01-2017 12:29:01
Thanks for your insights, it will definitely help customers to consider these aspects while planning insurance and investment.
Wrote : 17-01-2017 16:45:12
In Jeevan labh plan maturity benefit is not guaranteed then how does maturity benefit is calculating.?
Replied : 17-01-2017 16:53:01
As the maturity is main feature of this plan, so it important project expected maturity amount. This calculator uses latest bonus declared to calculate expected maturity.
Wrote : 04-12-2016 17:48:03
Hi, I am 33 years old. I want to take 3 lac SA. What premium I have to pay and after 25 years what would I get because your maturity calculator showing maturity amount something unacceptable.
Replied : 04-12-2016 18:37:31
Yearly Premium will be 14474 (excluding service tax) which is required to be paid for 16 years and maturity will be available after 35 years. Calculator is showing approx maturity, what is unacceptable about it, please elaborate.
Wrote : 29-10-2016 20:10:34
If I prefer this Plan for 2500000 /25 policy terms and unfortunatly I cannot continue after 5 years and what will be the future of my policy ? How much return will I get back.
Replied : 31-10-2016 11:06:16
There will be two possibilities in that case, you can surrender your policy after 5 years and you will receive 50-60% of total premium paid or you can stop paying premium and leave as paid up and your sum assured will be reduced by 5/16 and benefits as per reduced will be remain in force. 5 is year for which premiums have been paid and 16 is total number of years for which premiums to be paid.
Wrote : 25-10-2016 17:34:51
MY SELF 36. TAKEN PLAN 836. PREMIUM 15 YEARS. MATURITY 21 YEARS. WHAT WILL BE MY MATURITY AMOUNT. MATURITY PREMIUM CALCULATOR NOT WORKING.
Replied : 25-10-2016 22:45:56
There was some error and the same has been corrected. Please use for approx benefit details.
Wrote : 15-04-2016 12:00:35
How jeevan labh is better than ppf? In ppf i am getting return of 8.1 ??? yearly and in jeevan labh it is 6.7. ???.
Replied : 15-04-2016 17:56:54
PPF is a long term saving plan while endowment plans are insurance with savings, so it cannot be simply compared on the basis of interest rate.
Wrote : 10-03-2016 13:21:23
If i take 500000??? insurance so. 25 year terms i have to pay premium for 16 years only ? If live till 25 year so how much amount i get back.?
Replied : 10-03-2016 17:33:27
Yes, you will need to pay premium for 16 years only. for maturity please use maturity calculator.
Wrote : 09-03-2016 13:23:48
What is the guarantee in this plan? Bonuses are never guaranteed. Also this plan does not show figures at 4 and 8 % means this is not irda approved figures. You are only showing this at assumed rate of return and you do not give this bonuses in any other plans. It is wrong on your part to show such high figures.
Replied : 09-03-2016 15:03:48
1. Only Sum assured is Guaranteed and off-course bonus is not guaranteed, but this plan is a traditional bonus based plan, where bonus according to sum assured is declared for each year and become guaranteed to paid at the time of maturity of in case of death along with sum assured.
2. IRDA does not declare bonus or return, it is insurance company who will declare bonus, 4 to 8% is given for illustration purpose and it not mandatory that it would be between 4-8%. It can be less than 4% or greater than 8%.
3. About above calculation, It is approximate and for purpose of understating, but utmost care has been taken to explain the plan with right information. The maturity calculation of this plan is based on similar closed plan (Jeevan Shree-1 table no 162), please click here to view declared bonus rate for this plan.
Wrote : 07-02-2016 10:58:32
If I am looking for an investment then which is a better plan Jeevan Labh or Jeevan Pragati or is there any other product which is better than the above two. Also what is the certainty on the maturity amount. For ex... I am 42 and will be paying a total premium for 16 year (25 year term) amounting to INR 15,75,500 and the maturity amount is being shown as INR 55 lacs after 25 years... which is a return of more than 9% tax free, i.e. better than PPF with insurance cover too. Regards
Wrote : 07-02-2016 11:08:22
Sorry ignore my earlier message I had computed the return based on 21 years and not 25 years the return drops to 6.75% for 25 years period. Regards
Replied : 07-02-2016 13:13:42
yes, it will be around 6.75 % plus and looks decent return as it provides 125% of SA plus bonus as risk cover and tax free maturity.