LIC Jeevan Labh Schemes remain a favorite among families in India for combining life cover with savings. In January 2026, the current version (Plan No. 736) is active and popular after replacing the older 936 plan (withdrawn in October 2024).
This limited premium endowment plan lets you pay for a shorter time while getting protection and bonuses for longer. It’s great now because people seek safe, guaranteed returns amid changing markets, plus tax benefits under Section 80C.
What Is LIC Jeevan Labh Plan 736?
This is a non-linked, participating endowment plan from LIC. You pay premiums for 10, 15, or 16 years, but coverage lasts 16, 21, or 25 years. It offers death and maturity benefits plus bonuses from LIC profits.
Key Features of the Plan
It has limited premium payment, high sum assured rebates, and options like accident riders. You get simple reversionary bonuses yearly and possible final additional bonus at the end. Premiums start low compared to the sum assured.
Eligibility Criteria
Minimum entry age is 8 years, maximum depends on term (up to 59 for 16-year term). Maximum maturity age is 75. Basic sum assured starts from ₹2 lakh with no upper limit.
Death and Maturity Benefits
If the policyholder passes away, nominees get sum assured on death (at least 105% of premiums paid) plus vested bonuses. On survival to maturity, you receive sum assured plus bonuses—ideal for big goals like education or retirement.
Premium Payment Options
Choose yearly, half-yearly, quarterly, or monthly modes. Get rebates for yearly/half-yearly payments and higher sum assured. Use online calculators for exact quotes.
Bonuses and Additional Perks
As a participating plan, it earns simple reversionary bonuses (declared yearly) and final additional bonus. You can take loans against the policy after some years, adding flexibility.
Comparison of Policy Terms
| Policy Term | Premium Paying Term | Minimum Entry Age | Maximum Entry Age | Key Benefit Focus |
|---|---|---|---|---|
| 16 years | 10 years | 8 years | 59 years | Shorter commitment, quick maturity |
| 21 years | 15 years | 8 years | 54 years | Balanced savings & cover |
| 25 years | 16 years | 8 years | 50 years | Long-term growth with bonuses |
How to Buy or Check This Plan
Visit the LIC website, use the premium calculator, or go to a branch/agent. Provide age, term, and sum assured details for accurate quotes.
In summary, LIC Jeevan Labh (Plan 736) in 2026 offers reliable life cover, limited payments, and bonus-boosted returns for secure family planning. It’s a trusted choice for steady growth. Visit licindia.in today, use the online calculator to see your personalized benefits, and talk to an LIC advisor to start or compare options—secure your future with confidence!