LIC Jeevan Labh Maturity Calculator: Calculate Your Returns (2026 Guide)
By Hari Kotian | Published on 2026-07-25
LIC Jeevan Labh is one of LIC of India's most popular limited premium paying plans, combining protection and savings. If you've invested in this policy, understanding how its maturity amount is calculated is crucial. This comprehensive guide will walk you through the calculation process, including Simple Reversionary Bonuses (SRB) and Final Additional Bonus (FAB), with examples relevant for 2026.
Understanding Jeevan Labh Maturity Benefits
The maturity benefit of LIC Jeevan Labh is straightforward but involves a few components: the Basic Sum Assured, accrued Simple Reversionary Bonuses (SRB), and a potential Final Additional Bonus (FAB). Let's break down each element.
Maturity Formula:
Basic Sum Assured + Vested Simple Reversionary Bonuses + Final Additional Bonus (if any)
Step-by-Step Maturity Calculation Example (2026)
Let's consider a practical example to illustrate the maturity calculation for a Jeevan Labh policy. Please note that bonus rates are illustrative and actual rates are declared by LIC annually.
| Parameter | Value |
|---|---|
| Basic Sum Assured (BSA) | ₹ 10,00,000 |
| Policy Term | 25 Years |
| Premium Paying Term (PPT) | 16 Years |
| Assumed SRB Rate (per ₹1000 BSA) | ₹ 40 (illustrative for 2026) |
| Assumed FAB Rate (per ₹1000 BSA) | ₹ 30 (illustrative for 25 years) |
Calculation:
- Basic Sum Assured: ₹ 10,00,000
- Total Simple Reversionary Bonuses (SRB):
(BSA / 1000) × SRB Rate × Policy Term = (10,00,000 / 1000) × ₹ 40 × 25 = 1000 × 40 × 25 = ₹ 10,00,000
- Final Additional Bonus (FAB):
(BSA / 1000) × FAB Rate = (10,00,000 / 1000) × ₹ 30 = 1000 × 30 = ₹ 30,000
(Note: FAB is typically applicable for longer-term policies, e.g., 15 years or more.)
- Total Maturity Amount:
BSA + Total SRB + FAB = 10,00,000 + 10,00,000 + 30,000 = ₹ 20,30,000
Frequently Asked Questions (FAQ)
What is LIC Jeevan Labh policy?
LIC Jeevan Labh (Plan No. 936) is a limited premium paying, non-linked, participating, individual life assurance savings plan. It offers a combination of protection and savings, providing financial support for the family in case of unfortunate demise of the policyholder before maturity and a lumpsum amount at the time of maturity for the surviving policyholder.
How is the Jeevan Labh maturity amount calculated?
The maturity amount for LIC Jeevan Labh is calculated as: Sum Assured on Maturity + Vested Simple Reversionary Bonuses + Final Additional Bonus (if any). The Sum Assured on Maturity is equal to the Basic Sum Assured. Bonuses depend on LIC’s profits and are declared annually.
What are Simple Reversionary Bonuses (SRB)?
Simple Reversionary Bonuses are declared per Rs. 1000 of Sum Assured by LIC every year. Once declared, they are guaranteed to be paid at maturity or death. They accumulate over the policy term.
Is there a Final Additional Bonus (FAB) in Jeevan Labh?
A Final Additional Bonus (FAB) may be declared by LIC at the time of policy maturity or death claim, provided the policy has run for a certain minimum number of years (usually 15 years or more). FAB is a one-time bonus and is not guaranteed.
How can I get a precise maturity calculation for my policy?
For a precise and personalized maturity calculation based on your specific policy details (Basic Sum Assured, policy term, premium paying term, and actual bonus rates applicable to your policy), it is best to contact an IRDAI-certified LIC agent like Hari Kotian. You can also check your annual LIC statement or log in to the LIC India portal.
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