I found the answer helpful. I am adding short steps to create xib for LaunchScreen for iOS 8.
1) create a new “Xib” LaunchScreen from the new file → user interface → start-up screen (save automatic ON).
2) Add the image view to the xib → view (main view).
3) set a pop-up image for it (the image should not be in the asset file).
4) set the image as “Aspect Fit” (if required).
5) you can also change the background color of the "view" (super) as close to the background color of the image.
6) select the type of image, click from the menu - editor - pin - lower space for super viewing.
7), a red error mark will appear next to the "view" (super image view).
8) click on the error sign, you will see the approximate two errors of automatic placement.
9) when you click on an error, you will find a menu with automatic correction of layout errors.
10) when fixing errors, you will find four "restrictions" with a "vertical" and "horizontal" space between the superview and the image.
11) Now you can test them on different devices or simulators.
UPDATE: -
For Xcode 9 , Swift 3, or Swift 4 , the following steps are followed:
The first step is to create an image (png or jpeg) in your favorite graphics software.
Create a screensaver with your own full background in size " width 1125 x height 2436. " Please note that the background will be clamped on different sizes of devices.
Depending on what information, graphics, you do not want to be cropped , you must create them in the center of the image above a width of 1125 x height of 1471 . This should always be centered over the full image.
Once the image is ready, you can add it to the xcassets file or save it to the resource.
Now go to the next steps.
1) “LaunchScreen storyboard” has already been created with a new project. Open it.
2) Add an image view to the view.
3) Set the pop-up image saved above to the image view mode.
4) Set the image “Content Mode” of the image as “Aspect Fill”.
5) Add 4 image view restrictions for Top, Bottom, Trailing and Leading to Superview.
This is done for the portrait application popup.
Sincerely.