LIC Jeevan Labh (Plan No. 936) — Eligibility, Documents & Apply 2026 | Sarkaari Saathi

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LIC Jeevan Labh (Plan No. 936)

एलआईसी जीवन लाभ

Ministry of Finance

💰 Benefit: Sum Assured + accumulated bonuses at maturity (limited premium payment)

iAbout This Scheme

LIC Jeevan Labh is a limited premium payment endowment assurance plan where the policyholder pays premiums for a shorter period but enjoys coverage for the full policy term. Bonus and final additional bonus are added to the sum assured at maturity. It is a with-profits plan ideal for long-term financial goals.

🎁Key Benefits

Limited premium payment period (shorter than policy term)
Death benefit: sum assured plus accrued bonuses
Maturity benefit: sum assured plus bonuses plus final additional bonus
Section 80C premium deduction; Section 10(10D) maturity tax-free
Loan available after 3 years of premium payment
Accident benefit rider available

✅Eligibility Criteria

1
Policy terms of 16, 21, and 25 years available

Min Age

8 years

Max Age

59 years

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📝How to Apply

Apply through LIC

Apply through LIC agent, branch, or online portal.

Choose Term

Choose policy term and premium payment term.

Proposal Acceptance

Policy issued after medical underwriting if applicable.

❓Frequently Asked Questions

What is the premium payment term for LIC Jeevan Labh?

LIC Jeevan Labh offers limited premium payment: 10 years for a 25-year policy, 15 years for a 21-year policy, and 16 years for a 25-year policy. You pay premiums for fewer years but get coverage for the full term.

What is the minimum sum assured for LIC Jeevan Labh?

The minimum sum assured is ₹2 lakh with no upper limit. The plan participates in profits through bonuses declared annually by LIC.

Required Documents

Aadhaar Card
PAN Card
Age proof
Medical reports (if required)

Editorial note: This page is researched, written, and regularly reviewed by the Aditya Raj Hirve using official government sources and notifications. Information is verified against the originating ministry or department portal before publication. Last reviewed: July 2026.

Always verify critical details directly from the official government portal before applying.

Required Documents

Aadhaar Card

LIC Jeevan Labh (Plan No. 936)

iAbout This Scheme

🎁Key Benefits

✅Eligibility Criteria

📝How to Apply

❓Frequently Asked Questions

Required Documents

Required Documents

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