LIC Amulya Jeevan I Plan 190 Calculator
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LIC Amulya Jeevan I Plan 190 Calculator

Plan Name: LIC Amulya Jeevan I Plan No.: 190 UIN: 512N250V01 Launch Date: 18.02.2008 Withdrawal Date: 01.01.2014 Plan Type: Pure Term Assurance
This calculator is for historical and educational reference. LIC Amulya Jeevan I is a withdrawn pure term assurance plan. It provides life cover during the policy term, but no maturity amount is payable on survival.
Select date from calendar only
Select date between 18-02-2008 and 01-01-2014
Minimum Rs. 25,00,000; multiples of Rs. 1,00,000
Allowed term: 5 to 25 years
Optional tax estimate for reference

Calculation Results

Premium Details
Benefit Details
Year-Wise Premium Schedule
YearAgePremiumCoverMaturity
LIC Amulya Jeevan-I Plan 190 was a term insurance policy made to provide a high amount of life cover. It was not a savings plan. If the insured person survived until the end of the policy term, no maturity amount was payable.The LIC Amulya Jeevan-I Plan 190 Calculator helps existing policyholders understand the main figures shown in an old policy. It can show the policy end date, estimated basic premiums paid, remaining premium payments, life cover and maturity amount. The calculation uses the premium written on the policy bond or premium receipt, so there is no need to guess an old premium rate.Plan 190 has been withdrawn and cannot be purchased as a new policy. LIC records show its UIN as 512N250V01 and its withdrawal date as 1 January 2014.What Is the LIC Amulya Jeevan-I Plan 190 Calculator?This calculator is mainly for people who already have an old Plan 190 policy or want to understand one. Details such as the policy start date, policy term, Sum Assured, premium amount and payment mode can be entered to see an easy summary.The result explains how long the cover continues, how many basic premium payments may have been made and how many may remain. It also shows the amount of life cover and makes it clear that the maturity benefit is zero.The calculator does not issue a premium quotation for a new policy. Plan 190 is withdrawn, and the exact premium of an old policy depends on the details accepted by LIC when the policy started. The premium shown on the policy bond or receipt should therefore be used.Quick Details of LIC Plan 190DetailInformationOfficial nameLIC’s Amulya Jeevan-IPlan number190UIN512N250V01Type of policyTerm insuranceCurrent statusWithdrawnWithdrawal date1 January 2014Main benefitLife cover during the policy termMaturity benefitNo maturity paymentNew purchaseNot availableWhat Was LIC Amulya Jeevan-I Plan 190?LIC Amulya Jeevan-I was made for people who wanted a large amount of life cover without adding a savings benefit. The premium paid for the insurance protection provided during the selected term.If the insured person died while the policy was active, the claim was considered according to the policy conditions. The amount of basic cover was shown as the Sum Assured in the policy schedule. Any rider cover, if taken, was separate and depended on its own conditions.If the insured person completed the full policy term, the cover ended and no maturity amount was paid. This is normal for a pure term insurance policy. It does not mean that a maturity payment is missing.Withdrawal of the plan stopped new sales. It did not automatically cancel policies already issued. An old policy could continue under its original conditions when the required premiums were paid.How to Use the CalculatorFirst, keep the policy bond or latest premium receipt ready. Enter the policy start date and the policy term exactly as shown in the document. Then enter the Basic Sum Assured, premium payment mode and basic premium for one payment.Choose the date up to which the calculation is required. The calculator uses this date to estimate how many payments have fallen due. After selecting Calculate, it shows the policy end date, estimated premiums paid, possible remaining payments, death cover and maturity benefit.Taxes, late fees, rider premiums and other charges should not be added to the basic premium field unless the calculator provides separate fields for them. The Reset button clears the entered details for a new calculation.Formula Used in the CalculatorThe calculator uses simple formulas based on the information entered from the policy record.Policy End DatePolicy End Date = Policy Start Date + Policy TermFor example, a policy starting on 15 March 2011 with a term of 20 years would normally end on 15 March 2031.Total Basic Premiums ScheduledFor a regular premium policy:Total Basic Premiums = Basic Premium for One Payment × Total Number of PaymentsThe number of payments depends on the premium mode and the period for which premiums are payable. These details must match the policy schedule. For a single-premium policy, only one basic premium payment is counted.Estimated Basic Premiums PaidEstimated Basic Premiums Paid = Basic Premium for One Payment × Payments CountedThis is only an estimate based on the dates entered. It does not confirm whether every payment was actually received by LIC.Remaining Basic PremiumsRemaining Basic Premiums = Total Basic Premiums − Estimated Basic Premiums PaidDeath and Maturity AmountsBasic Death Cover = Basic Sum AssuredMaturity Benefit = ₹0The basic death cover does not include a rider unless the rider is entered and calculated separately. Payment of a death claim depends on the policy being valid and the claim meeting its conditions.Death and Maturity BenefitsThe main purpose of Plan 190 was to provide money to the nominee if the insured person died during the cover period. The Basic Sum Assured printed on the policy schedule is the starting figure for understanding this benefit. The final claim amount must be confirmed by LIC because policy status, rider cover and claim conditions can affect the payment.There was no survival or maturity payment under this term plan. If the insured person was alive on the policy end date, the policy ended without a payout. The calculator therefore correctly shows the maturity benefit as ₹0.The calculator should not add a bonus, loyalty addition or final addition because Plan 190 was not a savings policy. It should also not estimate surrender value, paid-up value or a policy loan from an unrelated LIC plan. The original policy bond remains the correct place to check whether any such facility applied to a particular policy.Real Calculation ExampleConsider an old policy with the following details. The annual premium in this example is taken directly from the policy record; it is not calculated using a specimen rate table.Policy detailExample valuePolicy start date15 March 2011Policy term20 yearsBasic Sum Assured₹50,00,000Premium modeYearlyBasic annual premium₹13,950Calculation date24 August 2026The estimated policy end date is:15 March 2011 + 20 years = 15 March 2031For this simple example, 20 annual basic premium payments are scheduled. The estimated total basic premium over the full term is:₹13,950 × 20 = ₹2,79,000By 24 August 2026, 16 annual payment dates have passed, including the first payment at the start of the policy. The estimated amount paid is:₹13,950 × 16 = ₹2,23,200Four annual payments may remain:₹13,950 × 4 = ₹55,800The calculator would show a Basic Sum Assured of ₹50,00,000 as the basic life cover and ₹0 as the maturity benefit. These premium totals exclude taxes, rider premiums, late fees and any other charges. Actual payment history should be checked from LIC receipts or the policy account.Important Points for Existing PolicyholdersThe premium amount printed on the policy bond should be used instead of a rate copied from another Amulya Jeevan plan. Plan 190 has its own UIN, and information from an older or newer version should not be mixed with it.The calculation cannot confirm whether a policy is active, unpaid, lapsed or revived. Policy status must be checked from LIC. It also cannot approve a claim or replace the policy schedule.If the policy has a rider, its premium and benefit should be kept separate from the Basic Sum Assured. Taxes and late fees should also be shown separately because they are not part of the basic premium calculation.Frequently Asked QuestionsWhat was LIC Amulya Jeevan-I Plan 190?It was a term insurance plan that provided life cover for a selected period. It was meant for protection and did not build a maturity amount.Does LIC Plan 190 pay anything at maturity?No. If the insured person survived until the end of the policy term, no maturity amount was payable. The calculator therefore shows ₹0 as the maturity benefit.What does the Plan 190 calculator calculate?It can estimate the policy end date, basic premiums paid, remaining payments, basic life cover and maturity benefit using details entered from the policy record.Can the calculator confirm the death claim amount?No. It can show the Basic Sum Assured entered from the policy schedule. LIC decides the final claim after checking the policy status, claim documents, rider benefits and policy conditions.Is LIC Amulya Jeevan-I Plan 190 still available?No. The plan was withdrawn on 1 January 2014 and is not available for a new purchase. Existing policies are handled according to their original terms.ConclusionThe LIC Amulya Jeevan-I Plan 190 Calculator is useful for understanding an old term insurance policy. It uses information from the policy bond to show the cover period, estimated basic premiums and possible remaining payments.The most important result is simple: Plan 190 provided life cover but no maturity payment. The calculator should show the Basic Sum Assured as the basic death cover and ₹0 as the maturity benefit. Final premium history, policy status and claim amounts must always be confirmed from LIC records.

LIC Amulya Jeevan-I Plan 190 was a term insurance policy made to provide a high amount of life cover. It was not a savings plan. If the insured person survived until the end of the policy term, no maturity amount was payable.

The LIC Amulya Jeevan-I Plan 190 Calculator helps existing policyholders understand the main figures shown in an old policy. It can show the policy end date, estimated basic premiums paid, remaining premium payments, life cover and maturity amount. The calculation uses the premium written on the policy bond or premium receipt, so there is no need to guess an old premium rate.

Plan 190 has been withdrawn and cannot be purchased as a new policy. LIC records show its UIN as 512N250V01 and its withdrawal date as 1 January 2014.

What Is the LIC Amulya Jeevan I Plan 190 Calculator?

This calculator is mainly for people who already have an old Plan 190 policy or want to understand one. Details such as the policy start date, policy term, Sum Assured, premium amount and payment mode can be entered to see an easy summary.

The result explains how long the cover continues, how many basic premium payments may have been made and how many may remain. It also shows the amount of life cover and makes it clear that the maturity benefit is zero.

The calculator does not issue a premium quotation for a new policy. Plan 190 is withdrawn, and the exact premium of an old policy depends on the details accepted by LIC when the policy started. The premium shown on the policy bond or receipt should therefore be used.

Quick Overview of LIC Amulya Jeevan 1 Plan 190

DetailInformation
Official nameLIC’s Amulya Jeevan-I
Plan number190
UIN512N250V01
Type of policyTerm insurance
Current statusWithdrawn
Withdrawal date1 January 2014
Main benefitLife cover during the policy term
Maturity benefitNo maturity payment
New purchaseNot available

What is LIC Amulya Jeevan-I Plan 190?

LIC Amulya Jeevan-I was made for people who wanted a large amount of life cover without adding a savings benefit. The premium paid for the insurance protection provided during the selected term.

If the insured person died while the policy was active, the claim was considered according to the policy conditions. The amount of basic cover was shown as the Sum Assured in the policy schedule. Any rider cover, if taken, was separate and depended on its own conditions.

If the insured person completed the full policy term, the cover ended and no maturity amount was paid. This is normal for a pure term insurance policy. It does not mean that a maturity payment is missing.

Withdrawal of the plan stopped new sales. It did not automatically cancel policies already issued. An old policy could continue under its original conditions when the required premiums were paid.

Also Check:

How to Use the Calculator

First, keep the policy bond or latest premium receipt ready. Enter the policy start date and the policy term exactly as shown in the document. Then enter the Basic Sum Assured, premium payment mode and basic premium for one payment.

Choose the date up to which the calculation is required. The calculator uses this date to estimate how many payments have fallen due. After selecting Calculate, it shows the policy end date, estimated premiums paid, possible remaining payments, death cover and maturity benefit.

Taxes, late fees, rider premiums and other charges should not be added to the basic premium field unless the calculator provides separate fields for them. The Reset button clears the entered details for a new calculation.

How LIC Amulya Jeevan-I Plan 190 Calculator works using policy start date, term, Sum Assured, premium mode and calculation date

Formula Used in the Calculator

The calculator uses simple formulas based on the information entered from the policy record.

Policy End Date

Policy End Date = Policy Start Date + Policy Term

For example, a policy starting on 15 March 2011 with a term of 20 years would normally end on 15 March 2031.

Total Basic Premiums Scheduled

For a regular premium policy:

Total Basic Premiums = Basic Premium for One Payment × Total Number of Payments

The number of payments depends on the premium mode and the period for which premiums are payable. These details must match the policy schedule. For a single-premium policy, only one basic premium payment is counted.

Estimated Basic Premiums Paid

Estimated Basic Premiums Paid = Basic Premium for One Payment × Payments Counted

This is only an estimate based on the dates entered. It does not confirm whether every payment was actually received by LIC.

Remaining Basic Premiums

Remaining Basic Premiums = Total Basic Premiums − Estimated Basic Premiums Paid

Death and Maturity Amounts

Basic Death Cover = Basic Sum Assured

Maturity Benefit = ₹0

The basic death cover does not include a rider unless the rider is entered and calculated separately. Payment of a death claim depends on the policy being valid and the claim meeting its conditions.

Death and Maturity Benefits

The main purpose of Plan 190 was to provide money to the nominee if the insured person died during the cover period. The Basic Sum Assured printed on the policy schedule is the starting figure for understanding this benefit. The final claim amount must be confirmed by LIC because policy status, rider cover and claim conditions can affect the payment.

There was no survival or maturity payment under this term plan. If the insured person was alive on the policy end date, the policy ended without a payout. The calculator therefore correctly shows the maturity benefit as ₹0.

The calculator should not add a bonus, loyalty addition or final addition because Plan 190 was not a savings policy. It should also not estimate surrender value, paid-up value or a policy loan from an unrelated LIC plan. The original policy bond remains the correct place to check whether any such facility applied to a particular policy.

LIC Amulya Jeevan-I Plan 190 example showing ₹50 lakh life cover, ₹13,950 annual premium, premiums paid, remaining premiums and zero maturity benefit

Real Calculation Example

Consider an old policy with the following details. The annual premium in this example is taken directly from the policy record; it is not calculated using a specimen rate table.

Policy detailExample value
Policy start date15 March 2011
Policy term20 years
Basic Sum Assured₹50,00,000
Premium modeYearly
Basic annual premium₹13,950
Calculation date24 August 2026

The estimated policy end date is:

15 March 2011 + 20 years = 15 March 2031

For this simple example, 20 annual basic premium payments are scheduled. The estimated total basic premium over the full term is:

₹13,950 × 20 = ₹2,79,000

By 24 August 2026, 16 annual payment dates have passed, including the first payment at the start of the policy. The estimated amount paid is:

₹13,950 × 16 = ₹2,23,200

Four annual payments may remain:

₹13,950 × 4 = ₹55,800

The calculator would show a Basic Sum Assured of ₹50,00,000 as the basic life cover and ₹0 as the maturity benefit. These premium totals exclude taxes, rider premiums, late fees and any other charges. Actual payment history should be checked from LIC receipts or the policy account.

Important Points for Existing Policyholders

The premium amount printed on the policy bond should be used instead of a rate copied from another Amulya Jeevan plan. Plan 190 has its own UIN, and information from an older or newer version should not be mixed with it.

The calculation cannot confirm whether a policy is active, unpaid, lapsed or revived. Policy status must be checked from LIC. It also cannot approve a claim or replace the policy schedule.

If the policy has a rider, its premium and benefit should be kept separate from the Basic Sum Assured. Taxes and late fees should also be shown separately because they are not part of the basic premium calculation.

Frequently Asked Questions

What was LIC Amulya Jeevan-I Plan 190?

It was a term insurance plan that provided life cover for a selected period. It was meant for protection and did not build a maturity amount.

Does LIC Plan 190 pay anything at maturity?

No. If the insured person survived until the end of the policy term, no maturity amount was payable. The calculator therefore shows ₹0 as the maturity benefit.

What does the Plan 190 calculator calculate?

It can estimate the policy end date, basic premiums paid, remaining payments, basic life cover and maturity benefit using details entered from the policy record.

Can the calculator confirm the death claim amount?

No. It can show the Basic Sum Assured entered from the policy schedule. LIC decides the final claim after checking the policy status, claim documents, rider benefits and policy conditions.

Is LIC Amulya Jeevan-I Plan 190 still available?

No. The plan was withdrawn on 1 January 2014 and is not available for a new purchase. Existing policies are handled according to their original terms.

Conclusion

The LIC Amulya Jeevan-I Plan 190 Calculator is useful for understanding an old term insurance policy. It uses information from the policy bond to show the cover period, estimated basic premiums and possible remaining payments.

The most important result is simple: Plan 190 provided life cover but no maturity payment. The calculator should show the Basic Sum Assured as the basic death cover and ₹0 as the maturity benefit. Final premium history, policy status and claim amounts must always be confirmed from LIC records.

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