LIC Jeevan Umang
Calculator Pro
A whole life plan providing 8% of Sum Assured as guaranteed survival benefit every year after PPT until 99 years of age. Use our LIC Calculator below to get instant premium and maturity estimates for 2026.
IMPORTANT YMYL DISCLAIMER
The calculations provided below are estimates generated for educational purposes only. They are based on historical data and publicly available actuarial formulas. We are NOT affiliated with LIC of India. Actual maturity amounts, premiums, and surrender values will vary. Please consult a registered financial advisor before making any investment decisions.
LIC Jeevan Umang Tool
Plan No. 945 • 2026 Rates
Understanding Your Calculation
The LIC Jeevan Umang calculator utilizes the standard base rates and actuarial modifiers applied by LIC. By entering your entry age, sum assured, policy term, and premium paying term, the engine generates an estimated yearly premium and maturity value.
These projections include assumed Simple Reversionary Bonuses and Final Additional Bonuses based on historical performance trends. Please Note: This is a supplementary tool intended strictly for informational and educational use. Actual LIC policies are subject to underwriting guidelines, service taxes, and periodically updated bonus rates.
Key Features of
LIC Jeevan Umang
Guaranteed Income: 8% of Sum Assured every year after PPT.
Whole Life Cover: Protection until age 100.
Lump Sum Maturity: Massive payout at age 100.
Premium Waiver: Available for minor children.
Eligibility Criteria
Why choose LIC Jeevan Umang?
Maturity Benefit
Sum Assured + Vested Simple Reversionary Bonuses + Final Additional Bonus at age 100.
Death Benefit
Sum Assured on Death + Vested Bonuses + FAB.
Tax Savings
Tax-free survival benefits and maturity.
Example Calculation
Let's see how LIC Jeevan Umang works for a 30-year old individual choosing a Sum Assured of ₹5,00,000 for 25 years.
Annual Premium
₹23,450 (Approx)
Total Premium Paid
₹3,75,200
Accrued Bonus
₹5,25,000
Total Maturity
₹10,50,000*
*Values are estimates based on current bonus rates and vary by plan details.
Plan Advantages
- Guaranteed returns in some variants
- High life cover with low premiums
- Tax benefits under 80C and 10(10D)
- Loan facility for emergencies
Things to Consider
- -Long lock-in period for maximum returns
- -Lower liquidity compared to mutual funds
- -Early surrender may lead to losses
- -Returns depend on LIC's yearly performance
Frequently Asked Questions
What is the minimum age for LIC Jeevan Umang?
The minimum age to enter LIC Jeevan Umang is 90 Days.
Can I take a loan against this policy?
Yes, you can take a loan after 2 years of premium payment.
Is the maturity amount tax-free?
Yes, maturity is generally tax-free under Section 10(10D) if premiums are within limits.
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