The LIC Nav Jeevan Shree Single Premium Plan 911 Calculator helps existing policyholders estimate the maturity benefit, Guaranteed Additions, death benefit, surrender value and possible policy-loan eligibility.
LIC Nav Jeevan Shree Single Premium Plan 911, UIN 512N390V01, is a withdrawn insurance plan. It is no longer available for new purchase. This calculator and guide are intended mainly for policies that were issued while the plan was available.
Plan 911 is a non-linked, non-participating individual savings plan. The base premium is paid once at the beginning of the policy. There are no yearly, half-yearly, quarterly or monthly base-premium payments.
The calculator is an educational tool. It does not provide an official LIC maturity quotation, surrender quotation, loan statement or claim decision. The issued policy bond, policy schedule, benefit illustration and current communication from LIC will remain authoritative.
Policy-version note: LIC issued more than one brochure or policy-document version while Plan 911 was available. Benefits applicable to an existing policy should be checked from its policy bond, issue-date documents and endorsements. Where the policy documents differ from this calculator, the issued policy documents will apply.
Table of Contents
What Is the LIC Nav Jeevan Shree Plan 911 Calculator?
The LIC Nav Jeevan Shree Plan 911 Calculator converts important policy details into an understandable benefit estimate.
Depending on the information entered, the calculator may show:
- annual and total Guaranteed Additions;
- estimated maturity benefit;
- Sum Assured on Death;
- estimated death benefit;
- indicative Guaranteed Surrender Value;
- possible policy-loan eligibility; and
- maturity or death-benefit instalment illustrations.
For premium-related calculations, the calculator requires the Tabular Single Premium printed in the policy schedule or official LIC benefit illustration.
The Tabular Single Premium should not be guessed from the Basic Sum Assured or expected maturity value. It depends on factors such as age at entry, policy term, Basic Sum Assured and the death-benefit option selected when the policy was issued.
The Tabular Single Premium is the premium before applicable rebates, loadings, underwriting extra, rider premium and tax.
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LIC Nav Jeevan Shree Single Premium Plan 911 Overview
| Feature | Plan details |
|---|---|
| Plan name | LIC’s Nav Jeevan Shree – Single Premium |
| Plan number | 911 |
| UIN | 512N390V01 |
| Plan type | Non-linked, non-participating individual savings plan |
| Premium type | Single premium |
| Policy term | 5 to 20 years |
| Minimum Basic Sum Assured | ₹1,00,000 |
| Guaranteed Addition | ₹85 per ₹1,000 of Basic Sum Assured for each policy year |
| Maturity benefit | Basic Sum Assured plus accrued Guaranteed Additions |
| Death-benefit options | Option I and Option II |
| Surrender facility | Available during the policy term, subject to conditions |
| Loan facility | Available subject to surrender value and policy conditions |
| Current status | Withdrawn; existing policies only |
The minimum entry age was 30 completed days under both death-benefit options.
The maximum entry age was:
- 60 years under Option I; and
- 40 years under Option II.
The normal maximum maturity age was 75 years under Option I and 60 years under Option II.
The Basic Sum Assured started from ₹1 lakh. Amounts from ₹1 lakh to ₹2 lakh could be selected in multiples of ₹10,000. Amounts above ₹2 lakh could be selected in multiples of ₹25,000, subject to LIC’s underwriting rules.
How to Use the LIC Plan 911 Calculator
First, confirm that the policy schedule shows:
- Plan Number 911; and
- UIN 512N390V01.
Then enter the following details:
- Basic Sum Assured
- Original policy term
- Policy commencement date
- Calculation, surrender or claim date
- Death-benefit option recorded in the policy schedule
- Tabular Single Premium
- Outstanding policy-loan amount, where applicable
- Accrued loan interest, if known
Select Calculate Benefits to view the estimated results.
Use Reset before starting another calculation.
The death-benefit option is not a fresh choice for an existing policy. The calculator must use the option selected when the policy was issued.
For surrender calculations, entering both the policy commencement date and proposed surrender date is more useful than entering only the completed policy year. This allows the calculator to consider completed policy years and completed months.
Where to Find the Required Policy Details
The first few pages of the policy schedule normally show important information such as:
- plan number and UIN;
- Basic Sum Assured;
- policy term;
- commencement date;
- maturity date;
- death-benefit option;
- Tabular Single Premium; and
- Sum Assured on Death.
Using these policy-specific details provides a more reliable estimate than reconstructing the policy from general brochure information.
Which Calculator Results Are Exact and Which Are Estimates?
Not every result has the same level of accuracy.
| Result | Reliability |
| Annual Guaranteed Addition | Formula-based |
| Full-term Guaranteed Additions | Formula-based |
| Maturity benefit | Formula-based when full benefits remain payable |
| Sum Assured on Death | Based on policy option and Tabular Single Premium |
| Death benefit to a selected date | Estimated from accrued Guaranteed Additions |
| Guaranteed Surrender Value | Indicative estimate |
| Special Surrender Value | Current LIC quotation required |
| Maximum loan eligibility | Indicative estimate |
| Current loan interest | LIC loan statement required |
| Settlement instalment amount | Current LIC rate required |
The calculator result should not be treated as an official settlement or claim amount.
Guaranteed Addition Under Plan 911
Guaranteed Addition is the main benefit added to the Basic Sum Assured.
Plan 911 provides a Guaranteed Addition of:
₹85 per ₹1,000 of Basic Sum Assured for every policy year
This is not a participating bonus. It does not depend on LIC’s annual profits, investment performance or bonus declaration.
The annual calculation is:
Annual Guaranteed Addition = Basic Sum Assured ÷ 1,000 × ₹85
The full-term calculation is:
Total Guaranteed Additions = Annual Guaranteed Addition × Policy Term
Guaranteed Additions accrue at the end of each policy year, subject to the policy conditions.
When death occurs after risk commencement, the Guaranteed Addition for the full policy year in which death occurs may also be considered according to the policy provisions.
LIC Nav Jeevan Shree Plan 911 Maturity Calculation
The maturity calculation is:
Maturity Benefit = Basic Sum Assured + Total Guaranteed Additions
The maturity benefit becomes payable when the life assured survives until the maturity date and the policy remains eligible for full benefits.
Plan 911 does not receive Simple Reversionary Bonus, Final Additional Bonus or Loyalty Addition. Its maturity benefit is based on the Basic Sum Assured and the fixed Guaranteed Addition rate.
Maturity Calculation Example
Assume an existing Plan 911 policy has:
- Basic Sum Assured: ₹5,00,000
- Policy term: 12 years
- Guaranteed Addition rate: ₹85 per ₹1,000 per year
Step 1: Calculate the annual Guaranteed Addition
₹5,00,000 ÷ 1,000 × ₹85 = ₹42,500
The annual Guaranteed Addition is ₹42,500.
Step 2: Calculate total Guaranteed Additions
₹42,500 × 12 = ₹5,10,000
Step 3: Calculate the maturity benefit
₹5,00,000 + ₹5,10,000 = ₹10,10,000
The estimated maturity benefit is:
₹10,10,000
This is a formula-based illustration. It is not an LIC quotation or an example taken from an actual policy schedule.
It assumes that the policy remains eligible for full maturity benefits until the maturity date.
Death Benefit Under Option I
Under Option I, the Sum Assured on Death is the higher of:
- 1.25 times the Tabular Single Premium; or
- Basic Sum Assured.
The broad death-benefit formula after risk commencement is:
Death Benefit = Sum Assured on Death + Accrued Guaranteed Additions
Option I Illustration
Assume the policy schedule shows:
- Basic Sum Assured: ₹4,00,000
- Tabular Single Premium under Option I: ₹2,00,000
First calculate:
1.25 × ₹2,00,000 = ₹2,50,000
Compare ₹2,50,000 with the Basic Sum Assured of ₹4,00,000.
The higher amount is ₹4,00,000.
Therefore:
Sum Assured on Death = ₹4,00,000
Accrued Guaranteed Additions will be added according to the policy year and applicable policy conditions.
Death Benefit Under Option II
Under Option II, the Sum Assured on Death is:
10 times the Tabular Single Premium
The premium under Option II should be taken from the policy schedule of the Option II policy. The same premium should not be reused from an Option I illustration because premium rates may differ between the two options.
Option II Illustration
Assume another policy schedule issued under Option II shows:
- Tabular Single Premium: ₹2,20,000
The Sum Assured on Death is:
10 × ₹2,20,000 = ₹22,00,000
Therefore:
Sum Assured on Death = ₹22,00,000
Accrued Guaranteed Additions will be added according to the policy conditions.
The calculator must always use the option and premium printed in the actual policy schedule.
How the Single Premium Is Structured
The amount paid at policy commencement may include more than the Tabular Single Premium.
A simplified premium structure is:
Base Policy Premium = Tabular Single Premium − applicable rebates + applicable loadings or underwriting extra
The total amount payable may be represented as:
Total Amount Payable = Base Policy Premium + Rider Premium + Applicable Tax
Applicable rebates may have depended on factors such as the Basic Sum Assured, eligible existing-policyholder status or the sale channel.
Tax, rider premium and underwriting extra do not increase the Basic Sum Assured or Guaranteed Addition.
The calculator should display the Tabular Single Premium separately from the total amount paid.
Surrender Value Under LIC Plan 911
Plan 911 can be surrendered during the policy term, subject to its conditions.
The surrender amount is the higher of:
- Guaranteed Surrender Value, including the surrender value of accrued Guaranteed Additions; or
- Special Surrender Value.
For the eligible single-premium portion, the broad Guaranteed Surrender Value percentage is:
- 75% during the first three policy years; and
- 90% after the first three policy years.
Taxes, rider premiums and underwriting extras are excluded from the eligible premium component.
The broad calculation is:
Guaranteed Surrender Value = Eligible Single Premium × Applicable GSV Percentage + Surrender Value of Accrued Guaranteed Additions
Accrued Guaranteed Additions are valued using the surrender-value factors applicable to the policy year. Completed policy years and completed months may affect this calculation.
The Special Surrender Value may be higher than the Guaranteed Surrender Value. It is determined by LIC and cannot be calculated reliably without a current policy-specific quotation.
The surrender value should not be assumed to be equal to:
- the original single premium;
- the Basic Sum Assured; or
- the maturity benefit.
Policy Loan Under Plan 911
A policy loan may become available after three months from the date of issuance of the policy or after the free-look period ends, whichever is later.
The maximum loan is calculated as a percentage of the available surrender value. It is not calculated directly as a percentage of the Basic Sum Assured or original premium.
| Policy term and policy year | Maximum loan as percentage of surrender value |
| Term below 10 years: Years 1–2 | 60% |
| Term below 10 years: Years 3–5 | 80% |
| Term below 10 years: Years 6–9 | 90% |
| Term of 10 years or more: Years 1–2 | 50% |
| Term of 10 years or more: Years 3–5 | 60% |
| Term of 10 years or more: Years 6–9 | 65% |
| Term of 10 years or more: Year 10 onwards | 70% |
LIC decides the applicable loan interest rate from time to time.
An estimated net policy benefit may be shown as:
Net Benefit = Gross Benefit − Outstanding Loan − Accrued Loan Interest
The gross benefit may be the maturity benefit, death benefit or surrender value, depending on the situation.
LIC may close or foreclose a policy when the outstanding loan and interest are about to exceed the available surrender value, subject to the policy conditions.
A current loan statement should be checked before relying on any calculator estimate.
Special Rules for a Child Policy
When the life assured was below eight years of age at entry, full risk did not always begin immediately.
Risk generally commenced on the earlier of:
- two years from the policy commencement date; or
- the policy anniversary on or immediately after completion of eight years of age.
If death occurred before risk commencement, the applicable benefit was generally a return of the eligible single premium without interest.
Taxes, rider premiums and underwriting extras were excluded according to the policy conditions.
For a minor policy, vesting takes place on the policy anniversary on or immediately after the life assured completes 18 years of age. After vesting, the life assured becomes the policyholder.
Maturity Benefit in Instalments
Instead of receiving the complete maturity benefit as one lump sum, the policyholder may choose the Settlement Option, subject to the policy conditions.
The maturity benefit may be paid over:
- 5 years;
- 10 years; or
- 15 years.
Available payment modes may include monthly, quarterly, half-yearly and yearly instalments.
The minimum instalment amounts are:
- ₹5,000 monthly;
- ₹15,000 quarterly;
- ₹25,000 half-yearly; and
- ₹50,000 yearly.
The final instalment amount depends on LIC’s applicable settlement interest rate when the option is exercised.
A calculator can provide only an illustration unless the applicable rate is known.
Death Benefit in Instalments
The policyholder or eligible life assured could also choose to receive all or part of the death benefit in instalments, subject to policy conditions.
The instalment period could be:
- 5 years;
- 10 years; or
- 15 years.
Monthly, quarterly, half-yearly and yearly payment modes were available, subject to the prescribed minimum instalment amount.
The final instalment amount depends on LIC’s applicable interest rate and must be confirmed from the policy documents or LIC.
Optional Riders
Subject to eligibility and payment of an additional premium, Plan 911 could allow the following riders:
- LIC’s Accidental Death and Disability Benefit Rider; and
- LIC’s New Term Assurance Rider.
Rider premiums and Rider Sum Assured were subject to the limits and conditions applicable when the policy was issued.
Riders were not available for policies sourced through certain specified distribution channels, including POSP-LI or CPSC-SPV, where applicable.
Rider premiums must not be included in the Guaranteed Addition or base maturity calculation.
Free-Look Period
The free-look period was 30 days from the date of receipt of the online or physical policy document.
The policy could be returned during this period if the policyholder disagreed with its terms, subject to applicable deductions.
Such deductions could include:
- proportionate risk premium;
- medical examination expenses; and
- stamp duty.
The policy bond should be checked for the exact conditions applicable to the issued policy.
Tax Rule
Tax was charged separately according to the rules applicable when the policy was issued.
Tax paid on the premium does not form part of the Basic Sum Assured, Guaranteed Addition, maturity benefit, death benefit or surrender-value calculation.
The applicable tax rules may depend on the policy issue date, premium amount, benefit received and income-tax law in force at the relevant time.
The calculator does not estimate personal tax liability or tax exemption. Consult a qualified tax professional for policy-specific tax advice.
Who Can Use This Calculator?
The calculator may be useful for:
- existing Plan 911 policyholders checking their maturity value;
- families estimating death benefits;
- policyholders considering surrender;
- policyholders checking possible loan eligibility;
- guardians reviewing child-policy risk commencement or vesting; and
- nominees trying to understand the broad benefit structure.
It can also help separate benefits that can be calculated through a fixed formula from amounts that require a current LIC quotation.
Frequently Asked Questions
Is LIC Nav Jeevan Shree Single Premium Plan 911 still available?
No. Plan 911 is a withdrawn plan and is not available for new purchase. The calculator is meant for policies issued while the plan was available.
What is the Guaranteed Addition under Plan 911?
The Guaranteed Addition is ₹85 per ₹1,000 of Basic Sum Assured for every policy year, subject to the policy conditions.
What is the maturity formula?
The maturity benefit is the Basic Sum Assured plus total accrued Guaranteed Additions.
Does Plan 911 receive an LIC bonus?
No. It is a non-participating plan. It does not receive Simple Reversionary Bonus, Final Additional Bonus or profit-sharing additions.
Can the death-benefit option be changed in the calculator?
The calculator can display both formulas for understanding, but an existing policy must be calculated using the option printed in its policy schedule.
Can Plan 911 be surrendered?
Yes. The payable surrender value is the higher of the applicable Guaranteed Surrender Value and Special Surrender Value.
Is the surrender value equal to the original premium?
No. The surrender value is calculated using policy-year factors and may be lower than the original premium or maturity benefit.
Is a policy loan available?
A loan may be available after the applicable waiting period, subject to surrender value, policy year and LIC’s loan conditions.
Can the calculator show the exact Special Surrender Value?
No. Special Surrender Value requires a current policy-specific quotation from LIC.
Is the calculator result official?
No. It is an educational estimate. LIC’s policy schedule, surrender quotation, loan statement, maturity settlement and claim assessment remain authoritative.
Conclusion
The LIC Nav Jeevan Shree Single Premium Plan 911 Calculator helps existing policyholders understand Guaranteed Additions, maturity benefits, death benefits, surrender value and possible loan eligibility.
The maturity calculation is based on the Basic Sum Assured and Guaranteed Additions of ₹85 per ₹1,000 for every policy year.
The death benefit depends on the death-benefit option and Tabular Single Premium recorded in the policy schedule. The premium from one option should not be used to calculate another option.
Guaranteed benefits can be estimated from the policy details, but Special Surrender Value, current loan interest, settlement instalments and final claim amounts must be confirmed with LIC.
Official References
- LIC Nav Jeevan Shree – Single Premium Plan 911 official product page
- LIC Nav Jeevan Shree – Single Premium Plan 911 sales brochure applicable to the policy issue date
- LIC Nav Jeevan Shree – Single Premium Plan 911 policy document
- LIC withdrawn-plans listing
- Policy schedule and endorsements issued for the individual policy
Disclaimer
The LIC Nav Jeevan Shree Single Premium Plan 911 Calculator and this article are provided for general educational purposes.
They do not provide an official LIC premium quotation, surrender quotation, loan statement, maturity settlement or claim decision.
Actual benefits depend on factors including:
- issued policy schedule;
- policy commencement date;
- policy status;
- death-benefit option;
- Tabular Single Premium;
- outstanding policy loan;
- accrued loan interest;
- rider status; and
- LIC’s policy-specific assessment.
The issued policy bond and current LIC communication should be checked before making a financial decision.