LIC Jeevan Surabhi Maturity Calculator Plans 106, 107, 108
Estimated Results
Important: This calculator provides estimates for an existing Jeevan Surabhi policy. Confirm bonus, Final Additional Bonus, paid-up value, surrender value, tax and claim amounts through the LIC policy statement, policy document or servicing branch.
The LIC Jeevan Surabhi Maturity Calculator is designed for existing policyholders of Jeevan Surabhi Plan 106, Plan 107 and Plan 108. These withdrawn money-back policies follow different terms and survival-benefit schedules, which can make manual calculation confusing.
After the correct plan is selected, the Jeevan Surabhi Calculator applies its fixed Policy Term, Premium Paying Term and scheduled survival-benefit percentages. It can estimate the maturity benefit, total survival benefits, complete policy payout, total base premium and net gain. It can also show increasing death cover and provide paid-up or surrender estimates when the required details are entered.
All results are indicative. Final maturity, bonus, surrender, paid-up and claim amounts must be confirmed from LIC’s records or servicing branch.
What Is LIC Jeevan Surabhi Maturity Calculator?
The LIC Jeevan Surabhi Maturity Calculator is an online estimation tool covering all three Jeevan Surabhi versions:
- LIC Jeevan Surabhi Plan 106, UIN 512N100V01
- LIC Jeevan Surabhi Plan 107, UIN 512N101V01
- LIC Jeevan Surabhi Plan 108, UIN 512N102V01
It is mainly useful because maturity under Jeevan Surabhi works differently from a regular endowment plan. Under each of these plans, 100% of the Basic Sum Assured is distributed through scheduled survival benefits before maturity. Therefore, the calculator does not add the Basic Sum Assured again when estimating the final maturity payment. The maturity estimate consists of the vested Simple Reversionary Bonus and any applicable Final Additional Bonus.
The calculator also converts one monthly, quarterly or half-yearly premium instalment into an annual base premium automatically. This removes the need to calculate the yearly premium separately before using the tool.
Highlights of the Jeevan Surabhi Calculator
The calculator combines Plans 106, 107 and 108 in one place while keeping their schedules separate. It automatically displays the selected plan’s term, Premium Paying Term, UIN and withdrawal date. It then applies the correct survival percentages and increasing-cover stage.
Users can enter a vested bonus amount directly from the policy statement or use an assumed bonus rate for an estimate. The results separately show survival benefits, maturity benefit and total policy payout, preventing the Basic Sum Assured from being counted twice.
The tool also converts premium instalments according to the selected payment mode. Optional details can be used for paid-up, surrender and bonus calculations without making the basic calculator difficult to use.
LIC Jeevan Surabhi Plans Covered
| Plan | Policy term | Premium Paying Term | UIN | Status |
|---|---|---|---|---|
| Jeevan Surabhi Plan 106 | 15 years | 12 years | 512N100V01 | Withdrawn |
| Jeevan Surabhi Plan 107 | 20 years | 15 years | 512N101V01 | Withdrawn |
| Jeevan Surabhi Plan 108 | 25 years | 18 years | 512N102V01 | Withdrawn |
The plan number printed on the policy document should always be selected. The policy term, premium-paying period and payout schedule differ across the three versions.
How to Use LIC Jeevan Surabhi Calculator
First, select Plan 106, Plan 107 or Plan 108 according to the policy document. The calculator will load the corresponding Policy Term, Premium Paying Term, UIN, withdrawal date and benefit schedule.
Enter the age at entry, policy commencement year, Basic Sum Assured and completed policy years. Select the premium mode and enter one base premium instalment. For example, when premiums are paid monthly, enter one monthly base premium. The calculator multiplies it by 12. Tax, rider premium, late fee and underwriting extra should not be included when the field asks for the base premium.
Select the current policy status as in-force, paid-up or matured. Then choose the bonus-entry method. Use direct entry when the vested bonus is available in the policy statement. Use the bonus-rate method only when an estimate is needed, and enter the assumed rate per ₹1,000 of Sum Assured and eligible bonus years.
Optional policy details can be opened to enter vested bonus, Final Additional Bonus, surrender information or other available values. Click Calculate to display the results below the calculator. Click Reset to clear all fields.
Formula Used in LIC Jeevan Surabhi Maturity Calculator
Annual and Total Base Premium
The calculator converts one instalment into an annual amount:
Monthly Base Premium × 12
Quarterly Base Premium × 4
Half-Yearly Base Premium × 2
Yearly Base Premium × 1
The estimated total base premium is:
Total Base Premium = Annual Base Premium × Premium Paying Term
This is a simple base-premium estimate. It does not include tax, rider premiums, underwriting extras, late charges or changes arising from policy servicing.
Survival Benefit
Each scheduled payment is calculated as:
Survival Benefit = Basic Sum Assured × Applicable Percentage
The plan-wise schedules used are:
- Plan 106: 30% in policy year 4, 30% in year 8 and 40% in year 12
- Plan 107: 25% in policy years 4, 8, 12 and 15
- Plan 108: 20% in policy years 4, 8, 12, 15 and 18
For all three plans, the total scheduled survival benefits equal 100% of the Basic Sum Assured.
Bonus Calculation
When the vested bonus is known, the amount should be entered directly. If the estimated bonus-rate method is selected, the formula is:
Estimated Vested Bonus = Basic Sum Assured ÷ 1,000 × Assumed Bonus Rate × Eligible Bonus Years
LIC bonus rates are not guaranteed. The direct amount from the latest policy statement is generally more reliable than an assumed historical rate.
Maturity Benefit
Estimated Maturity Benefit = Vested Simple Reversionary Bonus + Final Additional Bonus
The Basic Sum Assured is not added again because it has already been distributed through the scheduled survival benefits.
Total Policy Payout and Net Gain
Total Policy Payout = Total Survival Benefits + Estimated Maturity Benefit
Estimated Net Gain = Total Policy Payout − Total Base Premium
Net gain is only a nominal comparison. It does not measure annual investment return, inflation-adjusted return or time value of money.
Increasing Death Cover
The base cover used by the calculator increases at five-year stages:
- Policy years 1–5: 100% of Basic Sum Assured
- Policy years 6–10: 150%
- Policy years 11–15: 200%
- Policy years 16–20: 250%
- Policy years 21–25: 300%
Estimated Death Benefit = Applicable Increasing Cover + Vested Bonus + Final Additional Bonus
Scheduled survival benefits already paid are not deducted from this estimated increasing death cover. Actual claim settlement depends on the applicable plan conditions, policy status and LIC’s records.
Real Calculation Example
Consider LIC Jeevan Surabhi Plan 107 with a Basic Sum Assured of ₹1,00,000. The Policy Term is 20 years, and premiums are payable for 15 years. Assume the monthly base premium is ₹800.
The calculator converts the instalment into an annual premium:
₹800 × 12 = ₹9,600
The estimated total base premium over 15 years is:
₹9,600 × 15 = ₹1,44,000
Plan 107 pays 25% of the Basic Sum Assured at the end of policy years 4, 8, 12 and 15. Each scheduled payment is:
₹1,00,000 × 25% = ₹25,000
Therefore, the total survival benefit is:
₹25,000 × 4 = ₹1,00,000
Assume the vested Simple Reversionary Bonus shown in the policy statement is ₹56,000 and the applicable Final Additional Bonus is ₹10,000. The estimated maturity benefit is:
₹56,000 + ₹10,000 = ₹66,000
The estimated complete payout is:
₹1,00,000 + ₹66,000 = ₹1,66,000
The nominal net gain over the estimated base premium is:
₹1,66,000 − ₹1,44,000 = ₹22,000
This example explains the calculator only. The actual premium, vested bonus, Final Additional Bonus and maturity amount must be confirmed from LIC.
How This Calculator Helps
The LIC Jeevan Surabhi Maturity Calculator applies the correct schedule after plan selection and reduces common manual errors. It prevents the use of Plan 106 percentages for Plan 107 or 108 and avoids adding the Basic Sum Assured again at maturity.
It also converts monthly, quarterly and half-yearly premiums into an annual figure automatically. Existing policyholders can estimate total premiums, survival payouts, maturity bonus, overall payout, nominal gain and increasing death cover. Paid-up and surrender estimates can be checked when the necessary details are available.
What Is LIC Jeevan Surabhi?
LIC Jeevan Surabhi was a family of participating, non-linked, anticipated endowment plans. These traditional policies combined scheduled money-back payments, increasing life cover, a maturity payment and participation in LIC’s profits through bonuses.
Premiums were payable for a period shorter than the complete policy term. A portion of the Basic Sum Assured became payable at specified policy anniversaries, but the policy continued after each survival payment. The applicable death cover increased at five-year stages.
Jeevan Surabhi was not linked to shares, mutual funds or market performance. Simple Reversionary Bonus and possible Final Additional Bonus depended on LIC’s declarations and the policy’s eligibility. All three versions have been withdrawn for new sales, but existing policies continue according to their original contracts.
LIC Jeevan Surabhi Plan 106
LIC Jeevan Surabhi Plan 106 has UIN 512N100V01. It has a 15-year Policy Term and a 12-year Premium Paying Term. Its Basic Sum Assured is distributed through three scheduled survival payments, and its life cover increases under the plan’s five-year structure.
At maturity, eligible vested Simple Reversionary Bonus and Final Additional Bonus may be payable. LIC withdrew Plan 106 on 1 January 2014. Existing policyholders should use their original schedule and policy status when estimating benefits.
Read the complete guide to LIC Jeevan Surabhi Plan 106.
LIC Jeevan Surabhi Plan 107
LIC Jeevan Surabhi Plan 107, UIN 512N101V01, has a 20-year Policy Term and a 15-year Premium Paying Term. It distributes the Basic Sum Assured through four scheduled survival benefits and continues the increasing death-cover structure during the term.
The maturity payment can include vested bonus and an eligible Final Additional Bonus. LIC withdrew Plan 107 on 22 December 2013. Its conditions remain relevant to existing policyholders, nominees and families handling an old LIC policy.
Read the complete guide to LIC Jeevan Surabhi Plan 107.
LIC Jeevan Surabhi Plan 108
LIC Jeevan Surabhi Plan 108 has UIN 512N102V01. It provides the longest version, with a 25-year Policy Term and an 18-year Premium Paying Term. The Basic Sum Assured is distributed through five survival payments, and the base life cover can increase through more stages because of the longer term.
Eligible vested bonus and Final Additional Bonus may be payable at maturity. LIC withdrew Plan 108 on 15 December 2013. Policyholders should follow the original Plan 108 schedule for official benefit timing.
Read the complete guide to LIC Jeevan Surabhi Plan 108.
Main Benefits of LIC Jeevan Surabhi
Survival Benefits
Survival benefits are scheduled portions of the Basic Sum Assured paid when the life assured survives to specified anniversaries. Receiving one does not terminate the policy, and life protection continues afterwards.
Increasing Death Cover
The applicable death cover increases after specified five-year intervals rather than remaining fixed at only the original Basic Sum Assured. Vested bonuses may be payable in addition. Exact claim value depends on the policy year, plan and status.
Maturity and Bonus Benefits
Because 100% of the Basic Sum Assured is distributed before maturity, the final maturity payment under the calculator consists of eligible vested Simple Reversionary Bonus and Final Additional Bonus. Bonus is not guaranteed in advance and should not be confused with survival benefits.
Paid-Up, Surrender and Loan Provisions
A policy may acquire paid-up or surrender value after the required premium conditions are met. Paid-up benefits can be lower than the original in-force benefits, while early surrender may return less than the premiums paid. A loan may be available after the policy acquires surrender value, with interest charged on the outstanding amount.
Difference Between Jeevan Surabhi Plans
| Feature | Plan 106 | Plan 107 | Plan 108 |
| Policy Term | 15 years | 20 years | 25 years |
| Premium Paying Term | 12 years | 15 years | 18 years |
| Survival payments | 3 | 4 | 5 |
| Total scheduled survival benefit | 100% of BSA | 100% of BSA | 100% of BSA |
| Increasing death cover | Available | Available | Available |
| Bonus participation | Available | Available | Available |
| Status | Withdrawn | Withdrawn | Withdrawn |
Important Points for Existing Policyholders
The calculator result depends on accurate inputs. Check the policy number, plan number, commencement year, Basic Sum Assured, premium mode, base premium, completed policy years and policy status. Also verify survival benefits already received, vested bonus, outstanding loan and any paid-up or surrender information.
Withdrawal means LIC no longer issues new policies under these plan numbers. It does not cancel an existing policy. Premiums must still be paid when due unless the policy is fully paid or has valid paid-up status.
Tax Rule
Tax deductions and exemptions depend on the law applicable to the policy, its issue date, premium-to-Sum-Assured ratio and other conditions. Premiums may qualify under Section 80C within prevailing limits, while proceeds may qualify under Section 10(10D) when the requirements are satisfied. Every survival or maturity payment should not automatically be treated as tax-free.
Frequently Asked Questions
Which plans does the LIC Jeevan Surabhi Maturity Calculator cover?
It covers Jeevan Surabhi Plan 106, Plan 107 and Plan 108. After plan selection, it applies the corresponding Policy Term, Premium Paying Term, survival-payment schedule and withdrawal information.
Does the calculator add the Basic Sum Assured at maturity?
No. Under all three Jeevan Surabhi plans, 100% of the Basic Sum Assured is distributed through scheduled survival benefits before maturity. The maturity estimate therefore contains eligible vested bonus and Final Additional Bonus instead of adding the Basic Sum Assured again.
Can a monthly premium be entered directly?
Yes. Select monthly mode and enter one monthly base premium. The calculator multiplies it by 12 to estimate the annual base premium. The same method applies to quarterly and half-yearly modes using their respective instalment counts.
Is LIC Jeevan Surabhi still available for purchase?
No. Plans 106, 107 and 108 are withdrawn. Existing policies remain valid according to their original contracts and current status.
Does Jeevan Surabhi receive a bonus?
An eligible policy may receive Simple Reversionary Bonus declared by LIC. A Final Additional Bonus may also apply when declared and when the policy meets the required conditions. Bonus rates are not guaranteed in advance.
Is the calculator result an official LIC quotation?
No. It is an estimate based on the entered details and programmed plan rules. LIC’s policy records and servicing or claim assessment determine the official amount.
Conclusion
The LIC Jeevan Surabhi Maturity Calculator helps existing policyholders estimate benefits under Plan 106, Plan 107 and Plan 108. It applies each plan’s survival schedule, converts premium instalments, estimates bonus-based maturity value and separates survival payments from the final maturity benefit.
The Jeevan Surabhi Calculator should be used for understanding and checking possible values. Final maturity, bonus, paid-up, surrender, loan and death-benefit figures must be verified from the original LIC policy document and official records.